Quote:
Originally Posted by solarguy09
Well I said it and I meant.
If only one person gets something out of this thread, then it is a success.
I started the thread somewhere else and only ToyCamaro seems to be the one from that thread...
Good enough for me...
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Thanks again for pointing me towards this thread here. I had an "idea" of the "concept" of dividend/drip investing, but thats all. I've heard people promote it, but they've been "big wig TV people" or "some random investment firm dude across the country ".. i dont feel comfortable "acting on their advice" (just like it was mentioned here, the "upcoming hot stocks" style reports are just "noise" and you cant base everything off that one dudes opinion.
I've always tried to be as smart with my money as i could. since i was little. Never been a "credit card debt" guy. Always paid it off. Got into the housing market when i bought my first house in early/mid 2000's... but gave it up in the divorce in 09 (and still trying to get my name off the damn loan).. so in the meantime, i'm debt free, renting a decent house for a decent price, trying to "invest" now into my retirement, and better my long term future. Been doing 7% or so of my salary into 401k since 19, so its "something" but not much.
if only i could get that damn house out of my name and get my own house again. lol.
Went thru and noted all my investments after last night. documenting what i have, how much, how it pays, etc. so i can "review" them, and see which fit, which down and where to go from there. i will have questions... just not yet. hah
Also... I am doing this for more than "just me".. as in, im trying to learn as much as i can so i can help my parents with their future. They dont have much at all, but i dont want them to lose what they do have. My dad is medically retired (two time cancer survivor, now medically retired due to congestive heart failure from the chemo drugs). - (fellow car guy, almost done restoring a 65 Malibu
) I need to figure out how to manage his 401k so he is prepared with it and not be in a "volatile" market for the balance of his retirement (a lot of his "funds" are higher risk, and i dont want him taking a long downward slope again if the market does turn). And lastly, to help my sister (a little younger than me, im 31) plan her familys future, as they have basically little to no retirement.
so again, i cant thank you enough.