Sunday, September 14, 2008
Invested.
So, Kirby and I have finally gotten the guts up to invest. Sort of. Well, it is investing, just the baby step, though. We have invested in Vanguard's 500 Index Fund. And we've opened a Prime Money Market account. So... yeah. I feel all grown up and stuff. :)
|
|
Subscribe to:
Post Comments (Atom)
2 comments:
good for you! A 500 index fund is a good way to start. It spreads the risks over a large pool and makes for a generally safe investment. The money market is also a safe way to go.
In the future when you are doing more investments there are 2 main rules to follow:
1. Start early and max out your 401K and IRA contributions. (you will make millions)
2. Diversify, diversify, diversify. If you have 10 investments and one fails then the nine others can carry the risk. Don't put all your money in one pot. Be like a squirrel and stash it in lots of places.
anyway, good for you two on making this step.
Congrats. Your investments are probably taking a beating right now, but that's ok - this is money you won't be touching for years, and so it's good that you're buying index funds now when they're essentially on sale. Just be patient for 40 years and you'll be in great shape! Also, Natasha was thinking we should hang out sometime and I agree.
Post a Comment