You are viewing a single comment's thread from:
RE: U.S. Capital Market Review 1/5/18
So 2yrs ago I started paying more attention to my 401k so we swapped “companies” who our 401k was underI took a 10% loss instantly... by the end of that year I got I to -4.5%, and the end of last year I ended at +7.9% which I feel really good about since I’m pretty much managing it on my own and Bein only 27 I’m still really new to it... I can’t wait to see how I do this year.... I wish there was more I could invest in outside my 401k tho but with having 3kids And a stay at home wife money is good but not good enough to adventure out and get into more investing a lot.... so do any of u have any helpful tips as far as something I could slowly invest maybe 10$ a week into?
Every little bit saved helps. If I was you, I would keep adding to the 401k and not worry too much about other investing. Get debt free if you aren’t already, aside from your home mortgage. Adding small amounts to cryptocurrencies could pay off big for a relatively small investment but carries higher risk so I wouldn’t invest anything you can’t afford to lose. If you really wanted to do some investing to get exposure to the markets, you could setup an automatic investment plan into an S&P 500 tracking ETF or Mutual Fund and probably get around trade commissions. Good luck and congrats on doing well enough to support a family of 5... well done, and that is a much more important thing compared to feeling like you need to do more investing!
I’m still contributing 8% weekly into my 401k and every year I increase it 1%..., we r shooting to be completely debt free by 2020 that includes house, any credit cards or loans, and car payment, as long as we stick to the budget we should be able to do that, and thanks although I make the money if it wasn’t for my wife budgeting us, we probably would be struggling, I think after tax time I’m gonna did my feet into investing into some crypto currency, without risk there’s no reward right? Can’t win if u don’t try 😜
It is great that you have goals and plans and you and your wife are on the same page.. best of luck to you!