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Author: TwoCybers Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76397  
Subject: Re: Help! Date: 6/23/2004 8:44 AM
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Welcome Stratis -

There are hundreds of thousands if not millions of people; who earn their living answering the question(s) you have. The bad news is this - if a really good answer existed way over half these people would be out of business. There are a few points that I would suggest you will find fairly wide agreement on.

#1 At age 29, you are starting early enough.
#2 Stocks generally have the ability over the long haul to keep up with inflation and maybe a little more. Bonds over the long haul may keep up with inflation. This is important.
#3 You are the only one who can decide how much risk you want. Many people feel they do not mind risk when the market is rising only to find in a period like 2001 they really do not want a high or medium risk set of investments.
#4 At least initially, given your age, start with index or carefully selected mutual funds. There is nothing like having money invested to help you follow something. If you have options for investing, read up on these in Morningstar at your library or on the WWW.
#5 If your employer has a match try very hard to maximize that match.
#6 In all probablity your financial situation will improve faster, if you pay off any existing credit card debit before you get too excited about other investments. (almost no investments pay the approx 18% that credit card debt costs)

Gordon
Atlanta
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