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re: Ouch, Market Taking a Beating

Posted on 8/15/13 at 12:04 pm to
Posted by Lsut81
Member since Jun 2005
80218 posts
Posted on 8/15/13 at 12:04 pm to
quote:

I'm investing $2K/Month in index funds and managed funds


How do you do this?

I've got leftover money and want to start putting it somewhere. Do you just go through a Vanguard and buy into the same funds over and over again?
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69932 posts
Posted on 8/15/13 at 12:26 pm to
quote:

How do you do this?

I've got leftover money and want to start putting it somewhere. Do you just go through a Vanguard and buy into the same funds over and over again?



Just FYI, That $2K is not "left over money", I invest before I pay any bills, buy any food, or buy any toys. It's off the top, it's paying yourself first. NOBODY gets paid before I pay myself, Not the utility company, not the bank, not THE frickING IRS. Now, I still pay those bills, but my priority is to myself and everyone else can wait in line.


I have a auto draft set up with American Funds and Fidelity. And that $2K goes to the same funds, month in, and month out. When I have leftover money that I want to invest in the market, I can buy funds from either firm in taxable accounts or I can buy stocks in my Trade King account.

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