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Depending on your comfort level and job security, you might keep half of your savings right where it is for peace of mind and emergencies. An investment in American Industry has an excellent long term track record (10-20 years). At your age, invest in 3 diversified Growth Mutual Funds and add a little to each one every month with an automatic bank draft plan. This is serious money...Leave it there until you are thinking about retirement. It will then return you a nice monthly income for the rest of your life. If you get into a house buying mood in the meantime, you could borrow some money against them. BUT, LEAVE THEM ALONE.
posted by 64.151.6...
Posts in this Thread:
- Any investment gurus care to help a novice (long)?, McTeague, Tue, 7 Dec 2004 18:20:20
- No quick fix just some suggestions...., TKC, Wed, 8 Dec 2004 14:11:51
- Thanks for the great insights, McTeague, Wed, 8 Dec 2004 14:11:14
- Forget Sexy/High Risk, Viggenator , Wed, 8 Dec 2004 07:11:41 <-- Viewing This Message
- Agree with PR - your problem is income >, ChipJ, Wed, 8 Dec 2004 05:05:21
- Re: Any investment gurus care to help a novice (long)?, PR, Tue, 7 Dec 2004 19:37:08
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