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Originally Posted by protour73
Yea, and coilovers now, will not put Filet Mignon on your plate at retirement, the MO will!!
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.So I'm on the Schwab website reading about setting up a Brokerage account and I see they have Schwab Bank High Yield Investor Checking Account. There are no monthly service fees, no account minimum balance, and you earn interest on your balance, and the account is FDIC-insured.
Normally you need a $1000 minimum to open the Brokerage account, but if you direct deposit at least $100 a month they waive the minimum.
I can direct deposit whatever amount I see fit right out of my paycheck and the checking account is directly linked to a Schwab One Brokerage Account.
Even though my company matches money that I'd put into a traditional 401K, which I have pretty much NO control over. I can dump cash from every paycheck into the checking account and purchase whatever stocks I choose, whenever I choose, on my Schwab Brokerage account!! WIN - WIN
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See how simple most of this is?? Seriously... you don't have to have half a gazillion dollars to open accounts or invest.... you just have do to a minimum amount of searching and talking to people and make a couple phone calls...
I can tell you that I post my dividends on occasion for no other reason that to keep the interest going. You know people LOVE seeing what everyone else "has" ------ but I get a kick out of seeing people that I know two years ago didn't know a dividend from a postage stamp --- post up that they just got a dividend!! Yeah --- it might barely be enough to buy dinner -- but it comes 4 times a year --- and is buying them more shares... So the snowball has been FORMED. You guys have no idea how proud that makes me!