Tuesday, 18 February 2014

Everything You Need to Know About Personal Investing in One Page

Scott Adams - Dilbert and the Way of the Weasel
"Everything You Need to Know About Personal Investing."

1.  Make a will
2.  Pay off your credit cards.
3.  Get term life insurance if you have a family to support.
4.  Fund your 401k to the maximum.
5.  Fund your IRA to the maximum.
6.  Buy a house if you want to live in a house and you can afford it.
7.  Put six month's expenses in a money market account.
8. Take whatever money is left over and invest 70 percent in a stock index fund and 30 percent in a bond fund through any discount broker and never touch it until retirement.
9.  If any of this confuses you, or if you have something special going on (retirement, college planning , tax issues), hire a fee-based financial planner.

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