thefed
Thinks s/he gets paid by the post
- Joined
- Oct 29, 2005
- Messages
- 2,203
I only have about $5500 in a 401k and Roth. I'm 22, and just getting full swing into retirement planning (45 is my goal). Without a doubt, I will be putting about $500/month into a Roth or Simple IRA...just unsure of what funds (likely it will be more $$ monthly, but it depends on bonus's and my own business success). I currently am in the Target 2045 in my Roth.
First off, I can NOT help but look at my balances every single day. I love to see each increment of $500 pass by. I also like to see myself earn an easy $25 from one day to the next (appreciation)...but I HATE seeing the totals drop by .6, .7 or 1% a day.
My intuition tells me that we're entering a period of sideways and downward travel, but as an inexperienced investor, I have no idea how long it will last (who does?). This worries me....I don't like losing money. I know I know, you don't lose til you sell, buy buy buy when the market declines, you can't time the market etc. But psychologically, I'm not quite ready to fully embrace that concept (although I will try to muscle thru it and keep making regular contributions).
I'd like to sock away some money into something more stable...something that will earn me some money during this decline. Bonds? How do I do it? I see things about the 10-yr treasury note going up, up up. Are there Vanguard or other funds that capitalize on this kind of thing? I've seen things like VMMXX which has an increasing yield it seems, almost daily.
CD's in my price rance are yielding about 4.5%...barely enough to keep up with inflation, but a nice round 5% APR would be fine with me.
Any comments, suggestions, reactions? Thanks!
First off, I can NOT help but look at my balances every single day. I love to see each increment of $500 pass by. I also like to see myself earn an easy $25 from one day to the next (appreciation)...but I HATE seeing the totals drop by .6, .7 or 1% a day.
My intuition tells me that we're entering a period of sideways and downward travel, but as an inexperienced investor, I have no idea how long it will last (who does?). This worries me....I don't like losing money. I know I know, you don't lose til you sell, buy buy buy when the market declines, you can't time the market etc. But psychologically, I'm not quite ready to fully embrace that concept (although I will try to muscle thru it and keep making regular contributions).
I'd like to sock away some money into something more stable...something that will earn me some money during this decline. Bonds? How do I do it? I see things about the 10-yr treasury note going up, up up. Are there Vanguard or other funds that capitalize on this kind of thing? I've seen things like VMMXX which has an increasing yield it seems, almost daily.
CD's in my price rance are yielding about 4.5%...barely enough to keep up with inflation, but a nice round 5% APR would be fine with me.
Any comments, suggestions, reactions? Thanks!