Yoheadden
Recycles dryer sheets
- Joined
- Jul 27, 2019
- Messages
- 419
There are practically as many ways to save and invest as there are people in this forum. Whether you send in regular amounts (dollar cost average) or day trade, how did you come across your strategy and how do you block out all the noise(news) that tells us we need more of this or sell that to keep our portfolios staying in the black? Are you going to try and live off of the dividends/capital gains and preserve your capital or spend the last dollar on your last day?
I for one, like many on here, didn’t grow up in a well to do family and knew nothing about finances except to make money, pay bills and enjoy the rest.
Luckily DW is frugal and her family opened me up to the concept of saving for a future. So we maxed out our Retirement plans, SEP, than Simple. Added in Roth IRAs and HSAs then put any extra in after tax accounts. We treat these savings just like monthly bills and got addicted to watching the balances increase. I have always been curious and tried to improve through reading or watching programs, but this curiosity is sometimes a double edged sword. This has led me to this thread. With so much information available, I.E. emails, investment letters, forums, etc, how did you decide what route to take and keep on track ?
I’m not talking about the next hot thing (bit coin), but what I consider an overload of information.
Thank you for sharing your strategies, thoughts and ideas…
I for one, like many on here, didn’t grow up in a well to do family and knew nothing about finances except to make money, pay bills and enjoy the rest.
Luckily DW is frugal and her family opened me up to the concept of saving for a future. So we maxed out our Retirement plans, SEP, than Simple. Added in Roth IRAs and HSAs then put any extra in after tax accounts. We treat these savings just like monthly bills and got addicted to watching the balances increase. I have always been curious and tried to improve through reading or watching programs, but this curiosity is sometimes a double edged sword. This has led me to this thread. With so much information available, I.E. emails, investment letters, forums, etc, how did you decide what route to take and keep on track ?
I’m not talking about the next hot thing (bit coin), but what I consider an overload of information.
Thank you for sharing your strategies, thoughts and ideas…