Quote:
Originally Posted by George W. Bush
Bonds is a good way to go until you get to $500-1000, then you have enough to open a scottrade account invest in an ETF.
ETFs are the best way for the small invester to be diversified. Read about ETFs.
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I haven't read about ETFs at all yet, but I did plan to do something like this. The withdrawal fees associated with bonds is pretty minimal. I figured I would work my bonds up to a certain amount, and once I reach it I can take that cash out of bonds, and invest it into a higher yielding investment of some sort.
Essentially, if you invest properly, I look at it almost like a exponential curve. You start out with little, at a low rate, and the more money you accumulate allows you to invest in more options, maximizing my rates of return.
Today in between classes I stopped by Borders and bought Jim Cramer's Stay Mad for Life book. Like UB said hes an entertainer, but I figure Ill be able to get some useful information out of the book.
Ultimately, I want to be able to work up to a decent amount of cash I can play in the stock market individually, while still maintaining a handful of other investments on the side that are less risky and that I wont be touching for some time.