Great article Heg
A wise old man once told me that you'll never get rich chasing yields. Only by investing/trading in things that go up and down in price will you get rich.
QUOTE(goldtrad @ Jun 12 2007, 04:45 PM) 
A wise old man once told me that you'll never get rich chasing yields. Only by investing/trading in things that go up and down in price will you get rich.
gambling with all my EF is not something I am willing to do.
QUOTE(hegemony @ Jun 12 2007, 07:46 PM)
QUOTE(goldtrad @ Jun 12 2007, 04:45 PM)
A wise old man once told me that you'll never get rich chasing yields. Only by investing/trading in things that go up and down in price will you get rich.
gambling with all my EF is not something I am willing to do.
There's gambling and there is investing. Different. I have a cash reserve myself.
QUOTE(goldtrad @ Jun 12 2007, 05:07 PM)
QUOTE(hegemony @ Jun 12 2007, 07:46 PM)
QUOTE(goldtrad @ Jun 12 2007, 04:45 PM)
A wise old man once told me that you'll never get rich chasing yields. Only by investing/trading in things that go up and down in price will you get rich.
gambling with all my EF is not something I am willing to do.
There's gambling and there is investing. Different. I have a cash reserve myself.
both gambling and investing involve risk taking. so you have your cash reserve in equities? most of mine is in hsbcdirect. some in an index fund. some in short term CDs.
this money is seperate from our investments.
do you disagree that higher APR is not better for cash reserves?
How about "laddering" your emergency reserves?
First $1,000 in local bank
$5-10K in high interest savings account
Next $20K in low risk mutual fund
Anything extra in Roth IRA's
First $1,000 in local bank
$5-10K in high interest savings account
Next $20K in low risk mutual fund
Anything extra in Roth IRA's
I need to try harder. I have some money that I should move to one of the savings accounts they are talking about.
QUOTE(54regcab @ Jun 14 2007, 07:39 AM)
How about "laddering" your emergency reserves?
First $1,000 in local bank
$5-10K in high interest savings account
Next $20K in low risk mutual fund
Anything extra in Roth IRA's
First $1,000 in local bank
$5-10K in high interest savings account
Next $20K in low risk mutual fund
Anything extra in Roth IRA's
why would you max out your roth's first (after the $1000 in local bank)?
QUOTE(jvf4812 @ Jun 17 2007, 10:10 PM)
QUOTE(54regcab @ Jun 14 2007, 07:39 AM)
How about "laddering" your emergency reserves?
First $1,000 in local bank
$5-10K in high interest savings account
Next $20K in low risk mutual fund
Anything extra in Roth IRA's
why would you max out your roth's first (after the $1000 in local bank)?
We max out our Roth's every year on Jan 1. The list is how we would withdraw funds if needed.
4%?!
If you are earning less than 5% you aren't trying.
If you are earning less than 5% you aren't trying.
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