Comments on: You Work Hard For Your Money But… http://www.myliferoi.com/2009/02/work-hard-money/ Rebalance before it's too late Thu, 11 Mar 2010 16:12:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Roger http://www.myliferoi.com/2009/02/work-hard-money/#comment-32 Roger Sat, 28 Feb 2009 18:34:05 +0000 http://www.myliferoi.com/?p=257#comment-32 Perhaps I should have worded that differently... Currently, I'm putting $100 a month into my Roth IRA with Vanguard and $200 a month into my non-retirement account with Sharebuilder (in addition to paying a $12 monthly fee for their automatic investment service). I was thinking about shutting down the latter and cutting down $212 in expenses each month, not the former (so, I would still be investing in my Roth). In fact, if I do go this path, I'd likely increase my Vanguard contributions by at least $50 or so a month, so I'm still putting in about ten percent of the money I get from part-time work and unemployment. So, still investing, just not as much, and not in the same places. (As an aside: In case you're wondering why I'm not putting more money into my Roth, it's because I'm hoping to open up another mutual fund in order to complete my desired asset allocation. Since Vanguard requires a $3000 initial deposit to open a new mutual fund, I need to add less than that amount to my existing accounts in order to open this new account. Hence, my current contribution sizes.) Perhaps I should have worded that differently… Currently, I’m putting $100 a month into my Roth IRA with Vanguard and $200 a month into my non-retirement account with Sharebuilder (in addition to paying a $12 monthly fee for their automatic investment service). I was thinking about shutting down the latter and cutting down $212 in expenses each month, not the former (so, I would still be investing in my Roth).

In fact, if I do go this path, I’d likely increase my Vanguard contributions by at least $50 or so a month, so I’m still putting in about ten percent of the money I get from part-time work and unemployment. So, still investing, just not as much, and not in the same places.

(As an aside: In case you’re wondering why I’m not putting more money into my Roth, it’s because I’m hoping to open up another mutual fund in order to complete my desired asset allocation. Since Vanguard requires a $3000 initial deposit to open a new mutual fund, I need to add less than that amount to my existing accounts in order to open this new account. Hence, my current contribution sizes.)

]]> By: MyLifeROI http://www.myliferoi.com/2009/02/work-hard-money/#comment-24 MyLifeROI Fri, 27 Feb 2009 20:43:07 +0000 http://www.myliferoi.com/?p=257#comment-24 I would not stop the automatic investments. Key word being stop. If you need to whittle them down to just like $30-50 that is a much better idea. Do they allow smaller auto investments like that? Never like to see people break GOOD habits! I would not stop the automatic investments. Key word being stop. If you need to whittle them down to just like $30-50 that is a much better idea. Do they allow smaller auto investments like that?

Never like to see people break GOOD habits!

]]> By: Roger http://www.myliferoi.com/2009/02/work-hard-money/#comment-13 Roger Fri, 27 Feb 2009 01:22:22 +0000 http://www.myliferoi.com/?p=257#comment-13 Well, besides losing my job, my investments have taken a hit. However, my biggest upset, investment wise, is that the lack of a job is keeping me from putting more money into my investments. I've even been considering stopping my automatic investments so that I can have more money for expenses and bills. My recovery plan has to begin with getting another job. (Or becoming such a popular blogger that I can make a decent living from that; but I'm going to call that 'Plan B' for now.) Once I'm getting money coming in again, I can rebuild my emergency fund, increase my investments, and start saving for a house down payment. That's my plan, anyway. Well, besides losing my job, my investments have taken a hit. However, my biggest upset, investment wise, is that the lack of a job is keeping me from putting more money into my investments. I’ve even been considering stopping my automatic investments so that I can have more money for expenses and bills.

My recovery plan has to begin with getting another job. (Or becoming such a popular blogger that I can make a decent living from that; but I’m going to call that ‘Plan B’ for now.) Once I’m getting money coming in again, I can rebuild my emergency fund, increase my investments, and start saving for a house down payment. That’s my plan, anyway.

]]> By: You Work Hard For Your Money But… | No Brainer Profits http://www.myliferoi.com/2009/02/work-hard-money/#comment-12 You Work Hard For Your Money But… | No Brainer Profits Thu, 26 Feb 2009 20:32:31 +0000 http://www.myliferoi.com/?p=257#comment-12 [...] View original post here: You Work Hard For Your Money But… [...]

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