Editing Talk:947: Investing
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Banks are not typically places one would look for investment purposes. Sure, it's fine to squirrel some money away in a savings account or other high(er)-liquidity vehicle. The point here is that if you are going to invest in any meaningful way, then you have to resign yourself to the fact that your money will become more illiquid, and therefore less accessible. So, investing in a mutual fund or workplace-friendly 401(k) is actually a really great way to tap into the "power" of compound interest. Start off investing in high-risk index funds (usually tracking the S&P 500 or other small-to-medium sized business aggregator). You should be making something like 10-15% y-o-y at least. Then move into bonds and treasury bills (lower return but safer) as you get closer to retirement. [[User:Orazor|Orazor]] ([[User talk:Orazor|talk]]) 13:43, 30 July 2014 (UTC) | Banks are not typically places one would look for investment purposes. Sure, it's fine to squirrel some money away in a savings account or other high(er)-liquidity vehicle. The point here is that if you are going to invest in any meaningful way, then you have to resign yourself to the fact that your money will become more illiquid, and therefore less accessible. So, investing in a mutual fund or workplace-friendly 401(k) is actually a really great way to tap into the "power" of compound interest. Start off investing in high-risk index funds (usually tracking the S&P 500 or other small-to-medium sized business aggregator). You should be making something like 10-15% y-o-y at least. Then move into bonds and treasury bills (lower return but safer) as you get closer to retirement. [[User:Orazor|Orazor]] ([[User talk:Orazor|talk]]) 13:43, 30 July 2014 (UTC) | ||
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