What about forex investing? Oil? The middle east?

July 17 6 Comments latest by Moneymonk

I get these emails all the time and they drive me nuts.

Victor writes:

I read your blog often, and I’ve been looking into trading currency on FOREX. I know there is lots of risk to it, as there is to any type of investing. What is your advice and idea on it?

My response:

Have you set up a proper asset allocation already, with automatic investing and at least 10% of your money being invested each month?

I never heard from Victor again.

Sometimes we get too fancy with all the choices available to us, forgetting the most important part. Remember, 90%+ of your investment returns are due to your asset allocation. See some sample asset allocations here (or just invest in a target-date fund).

New feature: Money Diaries. I’m launching something called Money Diaries, and I’m looking for people who want to (anonymously) write about their most ridiculous and interesting money experiences in day-to-day, minute-by-minute style. Did you feel guilty about buying that purse? Or did you just save $1,000 by bargaining with the car salesman?

Check out Sex Diaries to get an example.

It’s anonymous (what do you have to lose?), so if you’re interested, apply to be featured in Money Diaries.

(13 votes, average: 2.31 out of 5)

 Loading ...

6 Comments latest by Moneymonk

Where should you invest your first million?

June 12 16 Comments latest by Ryan McLean

My friend Tim Ferris (author of the Four Hour Workweek, which I reviewed here and hundreds of iwillteachyoutoberich readers bought) asks Warren Buffet how someone should invest their first million.

What do you think Warren Buffet says?

(1 votes, average: 5 out of 5)

 Loading ...

16 Comments latest by Ryan McLean

“Should I invest in CDs or a Roth IRA?”

May 19 29 Comments latest by E

[Update]: See below for some great (and controversial) comments debating my stance that bonds are not for young people.

Sherene writes:

I am a recent college graduate and I want to put the little money I have saved (approx $3,000) into something that will give me good returns over the years. Would you suggest I get CDs or a Roth IRA?

The two are very different.

A Roth IRA is an investment account, but once you get it, you have to put money in it and invest. You can read all about it on my article The World’s Easiest Guide to Retirement Accounts.

A CD is a type of investment, which you can buy inside (or outside) of any investment account. And if you’re wondering what I think about CDs/bonds…

To post this image on your blog, MySpace, etc:

<a href=”http://www.iwillteachyoutoberich.com”"><img src="http://www.iwillteachyoutoberich.com/archives/bonds.jpg" width="200" height="300" title="Seriously, they’re not. More at iwillteachyoutoberich.com" /></a>

(1 votes, average: 2 out of 5)

 Loading ...

29 Comments latest by E

Previous Page

Next Page