Financial confusion & some links



I’ve done really well with increasing my retirement, especially considering where I started from. Two years ago, I was investing a big fat zero for retirement and also saving nothing. I spent 2007 maxing out my IRA for 2006 & 2007 and starting to save. This year I’ve been dumping 30% of my income into retirement plus doing additional savings. But the retirement portion is spread across just 5 funds. I have very limited 401k choices at work. So is that such a good thing? I don’t know, but it’s certainly better than the old investing-zero-plus-not-saving-elsewhere that I was doing before. And there are the tax implications to consider as well, which should be good things. I just really really hope that this is an example of “buy low”, and not that I’m being stupid for not putting it in a high yield savings account instead. It would probably help if I felt like I had some clue what I was doing. Guess I’ll find out in 5-10 years. Meanwhile, time for a little good news:

Canadian Capitalist looks for the silver lining in an ugly day in the markets.

My Dollar Plan leaves the workforce after careful planning. At age 29! She’s my hero.

MoneyNing points out that great selling skills are not just for used car salesmen. I agree. Learn how youc can improve your salary and reduce your expenses with sales skills.

Dedicated to Financial Freedom wonders if Monday blues are an acquired habit.

SquawkFox gives us some reasons to build and love an emergency fund.

Quest for Four Pillars has an online opinion about online opinions. I’ve noticed the same thing.

Clever Dude doesn’t live in the land of $1000 TVs. He wants to know, how tempted are you to buy a flat screen TV?

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Posted in Carnivals & roundups on Sep 20, 2008

5 Responses to “ Financial confusion & some links ”

  1. # 1 Ashley @ Wide Open Wallet Says:
    September 20th, 2008 at 10:34 am

    I know what you mean about continuing to invest in the market right now…. I feel the same way. My husband and I watched a very down in the dumps show about the economy and afterward if my husband had suggested stopping our IRA contributions for a while I would have agreed. In fact, at that point I probably would have agreed to just cash them out and keep the money under our mattress. But I’m going to stick it out. I figure, if the market really doesn’t come back in the next 20 years we are all in big trouble anyways. Right?

  2. # 2 bluntmoney Says:
    September 20th, 2008 at 1:10 pm

    Yeah, that’s true. But I don’t want to even think about that!

  3. # 3 Four Pillars Says:
    September 20th, 2008 at 5:05 pm

    Thanks for the links!

    Just keep those contributions happening!!

    Mike

  4. # 4 Canadian Capitalist Says:
    September 22nd, 2008 at 2:16 pm

    As long as you don’t want the money in the short term and you have a well-diversified portfolio and an investment plan, the best you can do is stick to it. This may not be the time for second guessing. Thanks for the link.

  5. # 5 My Dollar Plan Says:
    October 1st, 2008 at 8:15 am

    Your hero? Really? That’s sweet! Anyways, 30% is great. Keep it up. If your options aren’t that great, you could always supplement with an IRA.

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