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Started By
Message
re: Ouch, Market Taking a Beating
Posted on 8/15/13 at 12:26 pm to Lsut81
Posted on 8/15/13 at 12:26 pm to Lsut81
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.
Posted on 8/15/13 at 4:43 pm to Vols&Shaft83
quote:
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.
That's a cute psychological game that you're playing with yourself
But let's be honest, you wouldn't be investing the money if you couldn't make the payments on your bills.
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