Comments on: Selecting an Ideal Beginner Investment http://toughmoneylove.com/2009/06/10/best-beginner-investment/ The Hard Truth about Money and Personal Finance Thu, 18 Mar 2010 15:14:21 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Mark http://toughmoneylove.com/2009/06/10/best-beginner-investment/comment-page-1/#comment-7074 Mark Sun, 10 Jan 2010 00:24:08 +0000 http://toughmoneylove.com/?p=3908#comment-7074 Solid post. I like a hybrid mutual fund as the first investment. It provides the beginning investor with exposure to stocks and bonds. It's important to learn about different asset classes as a beginning investor. Solid post. I like a hybrid mutual fund as the first investment. It provides the beginning investor with exposure to stocks and bonds. It’s important to learn about different asset classes as a beginning investor.

]]> By: Holly http://toughmoneylove.com/2009/06/10/best-beginner-investment/comment-page-1/#comment-5118 Holly Thu, 23 Jul 2009 11:19:54 +0000 http://toughmoneylove.com/?p=3908#comment-5118 I think the best beginning investment would be to learn as much as possible at an early age about personal finance...it sure would have saved me a lot of financial heartache. If only I had known one-quarter of what I know now about the importance of saving, investing, and spending in moderation! Why didn't any other older adults teach me, I wonder? Surely some of the people that I had looked up to had made decisions w/their money (good and bad). Couldn't they have shared w/me a lesson or two? I feel I was left to flounder on my own w/absolutely zero guidance. Maybe thay wanted for me to fail? Is that paraniod? Oh, well...that was all before the internet. Enter: Mr. TML. My husband and I could have had a huge nest egg by now; instead we have squat. I think the best beginning investment would be to learn as much as possible at an early age about personal finance…it sure would have saved me a lot of financial heartache. If only I had known one-quarter of what I know now about the importance of saving, investing, and spending in moderation! Why didn’t any other older adults teach me, I wonder? Surely some of the people that I had looked up to had made decisions w/their money (good and bad). Couldn’t they have shared w/me a lesson or two? I feel I was left to flounder on my own w/absolutely zero guidance. Maybe thay wanted for me to fail? Is that paraniod? Oh, well…that was all before the internet. Enter: Mr. TML.

My husband and I could have had a huge nest egg by now; instead we have squat.

]]> By: Doug DePrenger http://toughmoneylove.com/2009/06/10/best-beginner-investment/comment-page-1/#comment-4769 Doug DePrenger Tue, 16 Jun 2009 14:00:52 +0000 http://toughmoneylove.com/?p=3908#comment-4769 Right now (through Oct 2009) I-bonds are paying 0.00%. This is because of recent deflation. Right now (through Oct 2009) I-bonds are paying 0.00%. This is because of recent deflation.

]]> By: LAL http://toughmoneylove.com/2009/06/10/best-beginner-investment/comment-page-1/#comment-4741 LAL Mon, 15 Jun 2009 00:35:25 +0000 http://toughmoneylove.com/?p=3908#comment-4741 I think failure is a part of learning. I think failure is a part of learning.

]]> By: Gail http://toughmoneylove.com/2009/06/10/best-beginner-investment/comment-page-1/#comment-4736 Gail Sat, 13 Jun 2009 17:49:27 +0000 http://toughmoneylove.com/?p=3908#comment-4736 I think young people (and probably a lot of older ones too!) should definitely have practice managing their own savings accounts BEFORE they move into investment accounts. It's important that they practice the fundamental habit of saving for a goal and learn about the power of compound interest...it's no use learning about investments if you don't have the savings habit down pat (which gives you the means to invest). A high-yielding online savings account is an excellent choice. ING Direct allows you to set up multiple savings accounts for different goals. For investing, they also have a sharebuilder program that allow you to buy stocks in specific dollar amounts automatically for a modest fee. I think young people (and probably a lot of older ones too!) should definitely have practice managing their own savings accounts BEFORE they move into investment accounts. It’s important that they practice the fundamental habit of saving for a goal and learn about the power of compound interest…it’s no use learning about investments if you don’t have the savings habit down pat (which gives you the means to invest). A high-yielding online savings account is an excellent choice. ING Direct allows you to set up multiple savings accounts for different goals. For investing, they also have a sharebuilder program that allow you to buy stocks in specific dollar amounts automatically for a modest fee.

]]> By: My Journey http://toughmoneylove.com/2009/06/10/best-beginner-investment/comment-page-1/#comment-4713 My Journey Wed, 10 Jun 2009 21:03:02 +0000 http://toughmoneylove.com/?p=3908#comment-4713 I am not sure I am just nit-picking, but I would bet most people don't even know about high yield online accounts! That meets all your criteria. Its low cost (free), Automatic, Difficult to Liquidate (usually have to transfer money to your normal account first), transparent growth & Low Risk I am not sure I am just nit-picking, but I would bet most people don’t even know about high yield online accounts! That meets all your criteria. Its low cost (free), Automatic, Difficult to Liquidate (usually have to transfer money to your normal account first), transparent growth & Low Risk

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