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re: Best way to invest

Posted on 7/30/08 at 8:58 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/30/08 at 8:58 pm to
quote:

im 24 years old. plan on going back to school in 2 years to quadruple my salary.


In that case, I'd do this:

1) Max out a Roth (that way you can get at the principal if you really need it). That'll absorb roughly half of it, and is a good start.

2) For your second year, save enough to take 1-2 months off between the job and school on a summer vacation you can tell your grandchildren about. Travel abroad and such, just be sure it's worth five grand or more. Do it now before you get tied down with a job and a family.

Then graduate, go out and make money.
Posted by lsutigerfanatic2003
Lafayette
Member since Jun 2005
169 posts
Posted on 7/31/08 at 8:51 pm to
stock options. I made 150% return on Motorola calls today off their earnings announcement. Bought on Monday at $0.70. Sold Thursday at $1.75.
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