Comments on: 5 Foundations of Personal Finance, #5: Learn to Invest http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/ Simplify your home. Mon, 21 May 2012 00:47:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: James @ Learn How To Invest Online http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-30170 James @ Learn How To Invest Online Wed, 19 Oct 2011 02:11:07 +0000 http://smallnotebook.org/?p=1148#comment-30170 Your first two points hit the nail on the head for me. Do your own research. This is critical if you want to know that you can trust what is there. Great investors all take pride in their pre-purchase research before buying assets, and then keep it up once they actually own a company. Don't make investing decisions from "pop-media". No doubt - but it is surprising how many people still do this. It must be happening regularly, otherwise these shows (and stations) would not still be in business. Thanks for your insight, Rachel. James Your first two points hit the nail on the head for me.

Do your own research. This is critical if you want to know that you can trust what is there. Great investors all take pride in their pre-purchase research before buying assets, and then keep it up once they actually own a company.

Don’t make investing decisions from “pop-media”. No doubt – but it is surprising how many people still do this. It must be happening regularly, otherwise these shows (and stations) would not still be in business.

Thanks for your insight, Rachel.

James
James @ Learn How To Invest Online´s last post ..Should I Invest In Mutual Funds?

]]> By: Foundations In Personal Finance | Personal Financial Support http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-29404 Foundations In Personal Finance | Personal Financial Support Fri, 02 Sep 2011 09:38:13 +0000 http://smallnotebook.org/?p=1148#comment-29404 [...] or another, to relieve stress and so on. Personal finance specialists warn, however, that these purchases are dangerous when we already have debts to banks, rates and bills to pay paid and share with us [...] [...] or another, to relieve stress and so on. Personal finance specialists warn, however, that these purchases are dangerous when we already have debts to banks, rates and bills to pay paid and share with us [...]

]]> By: Dinah http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-22771 Dinah Fri, 18 Feb 2011 16:29:32 +0000 http://smallnotebook.org/?p=1148#comment-22771 I totally agree! Land, garden, house, chickens... who could ask for more? I totally agree! Land, garden, house, chickens… who could ask for more?
Dinah´s last post ..Katherine at Fourteen Months

]]> By: Good Reads: 3 Cheers For 200 : Domestic Cents http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-6281 Good Reads: 3 Cheers For 200 : Domestic Cents Sat, 18 Apr 2009 07:44:39 +0000 http://smallnotebook.org/?p=1148#comment-6281 [...] 5 Foundations of Personal Finance: #5 Learn To Invest at Small Notebook [...] [...] 5 Foundations of Personal Finance: #5 Learn To Invest at Small Notebook [...]

]]> By: nicola http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-6279 nicola Fri, 17 Apr 2009 23:34:32 +0000 http://smallnotebook.org/?p=1148#comment-6279 this series is wonderful. i hope your pregnancy is treating you well! nicola http://whichname.blogspot.com <abbr><em><em>nicola´s last blog post..<a href="http://whichname.blogspot.com/2009/04/corner-of-my-home.html" rel="nofollow">corner of my home</a></em></abbr></em> this series is wonderful. i hope your pregnancy is treating you well!
nicola
http://whichname.blogspot.com

nicola´s last blog post..corner of my home

]]> By: Andrea http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-6271 Andrea Thu, 16 Apr 2009 12:07:52 +0000 http://smallnotebook.org/?p=1148#comment-6271 Great advice. Our investments have been so depressing lately! We are just thankful that we are a ways away from retirement so losing SO much money isn't quite as sad. It is good to remember that over time the market always turns around. I'm enjoying your series! <abbr><em><em>Andrea´s last blog post..<a href="http://feedproxy.google.com/~r/typepad/1214749844s27842/the_train_to_crazy/~3/CcdrHj1p_ic/whats-the-deal-with-mac-n-cheese.html" rel="nofollow">What's the deal with mac 'n cheese?</a></em></abbr></em> Great advice. Our investments have been so depressing lately! We are just thankful that we are a ways away from retirement so losing SO much money isn’t quite as sad. It is good to remember that over time the market always turns around. I’m enjoying your series!

Andrea´s last blog post..What’s the deal with mac ‘n cheese?

]]> By: Lily (from Italy) http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-6270 Lily (from Italy) Thu, 16 Apr 2009 11:55:06 +0000 http://smallnotebook.org/?p=1148#comment-6270 My parents always invested some money and made me invest some too (sums I inherited from aunts) - I'm talking about investment funds and such, not risky stuff. Well, now I'm in my 30s and I got enough money to be quite safe even now that I'm working as a freelance and things are not so rosey. AND, my mother (my father is dead unfortunately) is buying me and my boyfriend a house entirely with dividends accumulated through the years. As you can guess, I'm so grateful! :) My parents always invested some money and made me invest some too (sums I inherited from aunts) – I’m talking about investment funds and such, not risky stuff.
Well, now I’m in my 30s and I got enough money to be quite safe even now that I’m working as a freelance and things are not so rosey. AND, my mother (my father is dead unfortunately) is buying me and my boyfriend a house entirely with dividends accumulated through the years.
As you can guess, I’m so grateful! :)

]]> By: KS http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-6262 KS Wed, 15 Apr 2009 14:57:42 +0000 http://smallnotebook.org/?p=1148#comment-6262 Kiplinger's magazine (kiplinger.com) and Investor's Business Daily newspaper (investor.com) are both excellent. Also, everyone who can afford to do so should consider having stock dividends automatically reinvested. It's a fairly painless way to build your portfolio. Kiplinger’s magazine (kiplinger.com) and Investor’s Business Daily newspaper (investor.com) are both excellent.

Also, everyone who can afford to do so should consider having stock dividends automatically reinvested. It’s a fairly painless way to build your portfolio.

]]> By: Amanda @ Mommy's Idea Book http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-6261 Amanda @ Mommy's Idea Book Wed, 15 Apr 2009 13:09:05 +0000 http://smallnotebook.org/?p=1148#comment-6261 My husband has 401k which he contributes to regularly at work, however, it has not been doing too great lately. But, one other thing we started several years ago was putting money into a Roth IRA at our bank. It is a safer investment, but earns a lot more than just a regular savings account. Now it is actually earning pretty good quarterly dividends. For anyone who doesn't know, a Roth IRA is one in which you deposit money that you have already paid taxes on, unlike the traditional IRA, in which the money comes out of your paycheck pre-tax. <abbr><em><em>Amanda @ Mommy's Idea Book´s last blog post..<a href="http://feedproxy.google.com/~r/MommysIdeaBook/~3/_sF2WPVbVio/" rel="nofollow">Get Up, Get Moving, and Get Sexy, Part 2</a></em></abbr></em> My husband has 401k which he contributes to regularly at work, however, it has not been doing too great lately. But, one other thing we started several years ago was putting money into a Roth IRA at our bank.

It is a safer investment, but earns a lot more than just a regular savings account. Now it is actually earning pretty good quarterly dividends.

For anyone who doesn’t know, a Roth IRA is one in which you deposit money that you have already paid taxes on, unlike the traditional IRA, in which the money comes out of your paycheck pre-tax.

Amanda @ Mommy’s Idea Book´s last blog post..Get Up, Get Moving, and Get Sexy, Part 2

]]> By: Juliet http://smallnotebook.org/2009/04/15/5-foundations-of-personal-finance-5-learn-to-invest/#comment-6260 Juliet Wed, 15 Apr 2009 12:46:30 +0000 http://smallnotebook.org/?p=1148#comment-6260 I recently (finally!)got my husband to agree to hand over the reigns of the 401K and *OUCH* gotta love finding out you had 40% of your $ in global equities and real estate! Doh! Anyhoot, I am really risk-averse, as they say, and I have all our money in guaranteed or low risk vehicles getting anywhere from 4-8%. In my mind, the $ is pretax (awesome!) and with our employer match (awesome again) even if we just stay ahead of inflation some years, I feel we are doing well. The most sage bit of wisdom I have is this: although the market does go up, in aggregate, over the long haul, it may not be up in what you have when you need it. Lots of folks who took responsible long view still had their retirement savings reduced if not wiped out because they were still in risky vehicles and now don't have time to recoup the loss. In my mind it is better to take a modest return and focus on eliminating your financial liabilities like mortgages, car payments, student loans ect. before retirement, so you can live comfortably on less. <abbr><em><em>Juliet´s last blog post..<a href="http://radicalsahm.blogspot.com/2009/04/irredeemable.html" rel="nofollow">Irredeemable</a></em></abbr></em> I recently (finally!)got my husband to agree to hand over the reigns of the 401K and *OUCH* gotta love finding out you had 40% of your $ in global equities and real estate! Doh! Anyhoot, I am really risk-averse, as they say, and I have all our money in guaranteed or low risk vehicles getting anywhere from 4-8%. In my mind, the $ is pretax (awesome!) and with our employer match (awesome again) even if we just stay ahead of inflation some years, I feel we are doing well.

The most sage bit of wisdom I have is this: although the market does go up, in aggregate, over the long haul, it may not be up in what you have when you need it. Lots of folks who took responsible long view still had their retirement savings reduced if not wiped out because they were still in risky vehicles and now don’t have time to recoup the loss.

In my mind it is better to take a modest return and focus on eliminating your financial liabilities like mortgages, car payments, student loans ect. before retirement, so you can live comfortably on less.

Juliet´s last blog post..Irredeemable

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