Hello. I am 26. I am joining this forum due to it being the only one that seems to keep the spam and ads out along with offering some good advice to us novices. I have a decent amount saved up so far. My 401k as of last paycheck was a little over 20k and like everyones 401k its not performing well this year. The cash in my money market/checking varies from 2-4k throughout the month. A few years ago I started lending on prosper.com and have 72 $50 loans there with a average rate of 15% but after figuring in current and future projected defaults it will be in the neighborhood of 7%. I my new addiction is CD's. I have started purchasing CD's from ING in small amounts weekly to setup a rather fast paced ladder. I am interested in putting as much as I can away while I am making enough money to do so. I have slowly started to take funds from the lending account as interest and principle payments come in and direct them to my Etrade MM until I find a proper place for those funds. I am open to new ideas. Until I started buying CD's I haven't really thought of the real goal.. comfortable retirement. I know its a long way off and thought this would be a great place to pick up some tips form people that are after the same thing. From the posts that I have read so far my savings is small but I intend for it to grow rather fast. It has only been a few years since I first started saving and now its gotten addictive. Looking forward to sharing my savings strategies and hopefully getting some really valuable feedback.
Thanks everyone!
Thanks everyone!