|
|
 |
 |
|
 Elite Fitness Bodybuilding, Anabolics, Diet, Life Extension, Wellness, Supplements, and Training Boards
 Chat & Conversation
 RRSP etc
|
| Author | Topic: RRSP etc | ||
|
Elite Bodybuilder 
Posts: 1205 |
Im turning 25 and feel old. I feel that I should start saving money for my future. Unfortunitly I dont know very much about this sort of thing. What would you guys recommend. How should I invest my money for the future? ------------------     | ||
|
Guru 
Posts: 3043 |
Depends on the amount and your goals. I have 4 Cd's but none were over 10,000 when I started. How much do you have to invest if you dont mind, email me if you want. ------------------ | ||
|
Elite Bodybuilder
Posts: 1205 |
well thats just it. I apparently have 1000.00 extra per month after all my bills are paid but I find I always seem to spend all my paycheck and end up with little or nothing..... But im sure if I had to I could put away half of that per month. ------------------ | ||
|
Amateur Bodybuilder 
Posts: 98 |
The trick is to never get your hands on it in the first place. My company electronically sends a set amount each month to a seperate account. I never see it, so I learn to live without it. | ||
|
Amateur Bodybuilder
Posts: 166 |
First, get involved in your company's 401k, contribute the MINIMUM percentage needed to get the full employer match. With the leftover money, invest in a Roth IRA. Get several mutual funds. You're young so I would suggest a few technology and electronics sector funds comprising about 50 percent of your mutual fund portfolio. Split the remaining 50 percent into a blue chip growth fund and small-cap growth fund. At your age, your wasting your money in CDs, bonds, money markets, etc. ------------------ | ||
|
Amateur Bodybuilder
Posts: 72 |
Hehehe...he doesn't have a 401K. He's in Canada. Closest equivalent is the RRSP (Registered Retirement Savings Plan), which was the topic of his post. Just a bit of Canadian trivia for you bro's! |
All times are ET (US) | |
 |
Powered by Infopop www.infopop.com © 2000
Ultimate Bulletin Board 5.45c
posted January 10, 2001 08:52 AM
HEY, be patient and watch this fool take a hit!
