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Greetings, Jokey88, and welcome. You wrote:

<<I am thinking about starting a investment club at my job but I am worried that it is to early for me to start truely investing. You see I am trying to follow the fool steps to clear up personal debt before investing. Right now I have started my 401k and have taken it up to 5% investment. I will increase it when more money is coming in. My question is, should I start the investment club to get practice investing or should I just stay on my present path and wait.>>

IMHO it's never too early to start investing as long as you can do so without deviating from your debt repayment schedule, maintaining an adequate emergency cash reserve, sustaining your daily needs, and receiving the maximum possible match you can get from your employer's 401k plan. Whether that investment should be as an increase to your 401k, a new taxable account such as that you would have in an investment club, or a new tax-deferred (ultimately tax-free) nondeductible Roth IRA depends largely on you and the alternative investments you select. In short, you have to decide if you can spare the extra cash and where it should go. I do believe, though, that an investment club can be a rewarding learning experience. To see some experiences of them (both good and bad), just go to , which is an extensive folder of Investment Club message boards within Fooldom.


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