I had a discussion with a friend the other day about the pros and cons of investing, with then evolved into a discussion about how to be content in life. I think that everyone has their own individual path to contentment, but that's not the topic of this post.
What I do want to talk about is setting financial goals. Now that I actually have spending power and have some savings, I think I want to try to make my money work for me. To do this, I'm thinking of investing in stocks.
There are a couple of reasons why I think stocks are a good investment vehicle.
1. I'm (relatively) young and can weather the ups and downs of economic cycles.
2. Stocks have historically given the highest rates of return amongst investments
3. I don't have the money to buy property, nor do I have the inclination to shop around to look for ideal buys.
4. US Treasury bonds have abysmal returns.
However, since I'm essentially a "new bird" at this, I don't have much seed money. So I can't afford a full-brokerage nor can I invest in many stocks. So I've decided that a discount broker, probably Scott Trade, and exchange traded funds are the way to go.
With the new year coming, I think this is a good time to start doing my research and invest. I will keep this blog updated with my forays into the financial world. Wish me luck and wisdom.
What I do want to talk about is setting financial goals. Now that I actually have spending power and have some savings, I think I want to try to make my money work for me. To do this, I'm thinking of investing in stocks.
There are a couple of reasons why I think stocks are a good investment vehicle.
1. I'm (relatively) young and can weather the ups and downs of economic cycles.
2. Stocks have historically given the highest rates of return amongst investments
3. I don't have the money to buy property, nor do I have the inclination to shop around to look for ideal buys.
4. US Treasury bonds have abysmal returns.
However, since I'm essentially a "new bird" at this, I don't have much seed money. So I can't afford a full-brokerage nor can I invest in many stocks. So I've decided that a discount broker, probably Scott Trade, and exchange traded funds are the way to go.
With the new year coming, I think this is a good time to start doing my research and invest. I will keep this blog updated with my forays into the financial world. Wish me luck and wisdom.
3 comments:
There is contentment, and then there is discontent. There is no "path", grasshopper.
Haha, I guess i'm not young anymore.
that's success, with 2 c's
and age is less relevant for guys, since you can always claim you get better with age
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