personally i would either keep it at ING Direct or something similar and wait for a good time to buy some cheap real estate, or if you don’t want to go that route and don’t need the cash for anything soon, consider dollar cost averaging in to the CGM Focus fund, the best mutual fund out there in my opinion (if you can stand wild swings in your account balance). the manager, ken heebner, is a stud and made 80% return last year. of course that isn’t expected to be repeated, but he is still up an annualized 37.5% for the last 5 years.
Poorgradstudent wrote: “I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.”
That reasoning is backwards!! The longer time you have until retirement, the most sense it makes to put money into a retirement account that invests in equity mutual funds! If you’re close to retirement, then just put the money in ING Direct or in bond/fixed income mutual funds.
Poorgradstudent wrote: “I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.”
That reasoning is backwards!! The longer time you have until retirement, the most sense it makes to put money into a retirement account that invests in equity mutual funds! If you’re close to retirement, then just put the money in ING Direct or in bond/fixed income mutual funds.
Poorgradstudent wrote: “I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.”
That reasoning is backwards!! The longer time you have until retirement, the most sense it makes to put money into a retirement account that invests in equity mutual funds! If you’re close to retirement, then just put the money in ING Direct or in bond/fixed income mutual funds.
Poorgradstudent wrote: “I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.”
That reasoning is backwards!! The longer time you have until retirement, the most sense it makes to put money into a retirement account that invests in equity mutual funds! If you’re close to retirement, then just put the money in ING Direct or in bond/fixed income mutual funds.
Poorgradstudent wrote: “I’m currently renting and a long way from retiring. If I was closer to retiring, it would go into the retirement account.”
That reasoning is backwards!! The longer time you have until retirement, the most sense it makes to put money into a retirement account that invests in equity mutual funds! If you’re close to retirement, then just put the money in ING Direct or in bond/fixed income mutual funds.
Rubbie: It looks like you and your family have a lot of experience running small businesses. Maybe that’s the way for you to go; as someone said above, get an SBA loan and open a deli, or sandwich place.
But be aware that you’ll work long hours, have some stress, and still won’t earn more than what an engineer with a couple of years of experience makes. But at least you’ll be your own boss.
Rubbie: It looks like you and your family have a lot of experience running small businesses. Maybe that’s the way for you to go; as someone said above, get an SBA loan and open a deli, or sandwich place.
But be aware that you’ll work long hours, have some stress, and still won’t earn more than what an engineer with a couple of years of experience makes. But at least you’ll be your own boss.
Rubbie: It looks like you and your family have a lot of experience running small businesses. Maybe that’s the way for you to go; as someone said above, get an SBA loan and open a deli, or sandwich place.
But be aware that you’ll work long hours, have some stress, and still won’t earn more than what an engineer with a couple of years of experience makes. But at least you’ll be your own boss.
Rubbie: It looks like you and your family have a lot of experience running small businesses. Maybe that’s the way for you to go; as someone said above, get an SBA loan and open a deli, or sandwich place.
But be aware that you’ll work long hours, have some stress, and still won’t earn more than what an engineer with a couple of years of experience makes. But at least you’ll be your own boss.
