Quote:
Originally Posted by Ugly Bastard
Does your company give you any incentive to invest in your 401k? Like... will they match your contribution up to 10% or something like that?
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I dont have too many details yet regarding the 401k. My boss gave me a packet of information the other day regarding it that I read over. He said that they DONT match what I put in, but I get money from the company put in depending on how the business does every quarter or so... I didnt get very detailed information regarding this, but I figure when I meet with the financial institute thats in charge of it ill get more of an explanation. Regardless if the company doesnt put much in, its only a part-time job, and anything I get from them is better then nothing. I dont intend on working for them for more then a few more years, since ill be graduating college and hopefully finding a stable career of some sort. At that point I would just transfer the 401k over to the new company.
But as far as government bonds go do you guys have any input? I just figured do to the small amount needed to get started, it was a decent way to invest some of my money. My bank account only gets .3% interest so its pointless to put anything more then necessary in there, and until I get more saved up I cant invest too heavily into anything, especially since most things require 1,000-2,000 minimum.
As far as stocks go, I started watching Mad Money recently and paying a little closer attention to the stock market and business news. I was curious what you guys think of Jim Cramer, the host of Mad Money, or if anyone has read any of his books.
Growing up ive always been big on watching things progress... I used to play all the various Sim City games, I get way in depth into the statistical parts of games such as Madden in franchise mode and the progression of players. Ive told my friends before that if they invented a way to keep stats on EVERYTHING we ever do in our lives that would be the coolest thing ever (how much time of your life is devoted to shitting, watching tv, etc). I know its not related, but the idea of being able to create something in real life, and watch it grow over time is very fascinating for me, so the whole topic in general has started to consume me lately.