whats your age and net worth?
Senior Member
Joined: Nov 2006
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21 around 6k equity, other then that just living on check by check.
5k in CC debt (my biggest pain in the ass right now) (2-3k of that should be gone pretty soon)
just started a nice new job so i'd be high up there pretty soon!
5k in CC debt (my biggest pain in the ass right now) (2-3k of that should be gone pretty soon)
just started a nice new job so i'd be high up there pretty soon!
chris is the devil
Joined: Nov 2002
Posts: 8,512
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From: so cal 951 + 760
depends on the situation. if you're looking to buy a place, then it's great. but if you currently own property or have a ARM that's gonna reset (gasp) then you're fucked. bush's bailout plan won't help most californians as the limit is 417k and most properties in densely populated metro areas are way above the limit.
Joined: Jun 2001
Posts: 58,579
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From: Lll
I am 25 years old with a ING account.
Filling out papers for my 403B as we speak. Care to advise me on what to put the money in? 
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Senior Member
Joined: Dec 2002
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From: cali, bay area
Senior Member
Joined: Sep 2002
Posts: 1,104
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From: bay area, cali
25% international funds
35% balanced/target funds
25% small cap funds
15% money market
Joined: Jun 2001
Posts: 58,579
Likes: 0
From: Lll
They gave me these choices. All I understand is the order of risk each one has compared to each other. Other than that, picking the diversity is just a stab in the dark.
I also wanted to start a ROTH right now, do you know of a good place to start one with? Last time I spoke with Wamu and they wanted to charge initial fees and everyone said that not all places do that. Thanks Domestic Large Cap Equity
-Value
-Blend
-Growth
Domestic Mid Cap Equity
-Value
-Blend
-Growth
Domestic Small Cap Equity
-Value
-Blend
-Growth
Global Equity
International Equity
Specialty
Hybrid
Fixed
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Senior Member
Joined: Sep 2002
Posts: 1,104
Likes: 0
From: bay area, cali
Our org just switched to Valic.
They gave me these choices. All I understand is the order of risk each one has compared to each other. Other than that, picking the diversity is just a stab in the dark. I also wanted to start a ROTH right now, do you know of a good place to start one with? Last time I spoke with Wamu and they wanted to charge initial fees and everyone said that not all places do that. Thanks
Domestic Large Cap Equity
-Value
-Blend
-Growth
Domestic Mid Cap Equity
-Value
-Blend
-Growth
Domestic Small Cap Equity
-Value
-Blend
-Growth
Global Equity
International Equity
Specialty
Hybrid
Fixed
They gave me these choices. All I understand is the order of risk each one has compared to each other. Other than that, picking the diversity is just a stab in the dark.
I also wanted to start a ROTH right now, do you know of a good place to start one with? Last time I spoke with Wamu and they wanted to charge initial fees and everyone said that not all places do that. Thanks Domestic Large Cap Equity
-Value
-Blend
-Growth
Domestic Mid Cap Equity
-Value
-Blend
-Growth
Domestic Small Cap Equity
-Value
-Blend
-Growth
Global Equity
International Equity
Specialty
Hybrid
Fixed
as for your 403, what's hybrid? do they mix funds for you? all that big/medium/small/growth/blend/value stuff is sooooo confusing to choose and keep track of. definitely get exposure to international though.
Joined: Jun 2001
Posts: 58,579
Likes: 0
From: Lll
Thanks.
Hybrid:
-Lifestyle
--Aggressive Growth Lifestyle Fund (AIGGIC)
--Conservative " " "
--Moderate " " "
--Vanguard LifeStrategy Conservative Growth Fund
--Vanguard LifeStrategy Growth Fund
--Vanguard LifeStrategy Moderate Growth Fund
-Balanced
--Asset Allocation Fund (AIGGIC)
--SunAmerica 2010 High Watermark Fund
-- " " 2015
-- " " 2020
--Vanguard Wellington Fund
If its confusing to you...think about how confusing this is to someone with NO knowledge in investments :wtc: It is one reason why I keep all my money in a liquid fund. But I figure that its at least time to get started.
Hybrid:
-Lifestyle
--Aggressive Growth Lifestyle Fund (AIGGIC)
--Conservative " " "
--Moderate " " "
--Vanguard LifeStrategy Conservative Growth Fund
--Vanguard LifeStrategy Growth Fund
--Vanguard LifeStrategy Moderate Growth Fund
-Balanced
--Asset Allocation Fund (AIGGIC)
--SunAmerica 2010 High Watermark Fund
-- " " 2015
-- " " 2020
--Vanguard Wellington Fund
If its confusing to you...think about how confusing this is to someone with NO knowledge in investments :wtc: It is one reason why I keep all my money in a liquid fund. But I figure that its at least time to get started.
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v-card member alpha
Joined: Oct 2006
Posts: 4,010
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From: Assplosion, NE
I'm over here thinking "wtf, liquid money?!?!"
j/k