Comments on: 3 Ways to Get Started Investing with $1,000 or Less http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/ Pay off debt. Save. Give. Live your mission. Fri, 10 Feb 2012 04:12:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Studenomics 2.0 Is Here Links Edition http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-22296 Studenomics 2.0 Is Here Links Edition Thu, 19 Jan 2012 23:25:47 +0000 http://www.debtfreeadventure.com/?p=4551#comment-22296 [...] Debt Free Adventure gives us 3 Ways to Get Started Investing with $1,000 or Less. [...] [...] Debt Free Adventure gives us 3 Ways to Get Started Investing with $1,000 or Less. [...]

]]> By: The Top 67 Family Finance Articles to Live Your Life to The Fullest http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-17071 The Top 67 Family Finance Articles to Live Your Life to The Fullest Wed, 31 Aug 2011 14:02:38 +0000 http://www.debtfreeadventure.com/?p=4551#comment-17071 [...] Should You Buy?. Digging into the hard decision of how much insurance you actually need.8. How To Start Investing. Insight on how to first start investing your money.9. Giving to charity. How giving money to [...] [...] Should You Buy?. Digging into the hard decision of how much insurance you actually need.8. How To Start Investing. Insight on how to first start investing your money.9. Giving to charity. How giving money to [...]

]]> By: Arthur @ FinancialBondage.org http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-8294 Arthur @ FinancialBondage.org Thu, 04 Mar 2010 01:41:15 +0000 http://www.debtfreeadventure.com/?p=4551#comment-8294 Investing sure is complicated. Seems to me that that the old adage is true. It takes money to make money. I will learn more about it someday when I get to that baby step. Investing sure is complicated. Seems to me that that the old adage is true. It takes money to make money. I will learn more about it someday when I get to that baby step.

]]> By: Monday Jumpstart to Personal Finance & Credit Report News | Credit Karma Blog http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6827 Monday Jumpstart to Personal Finance & Credit Report News | Credit Karma Blog Mon, 25 Jan 2010 19:58:09 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6827 [...] Another alternative of keeping your money is to invest it; check out Debt Free Adventure’s 3 ways to get started investing with $1,000 or less. [...] [...] Another alternative of keeping your money is to invest it; check out Debt Free Adventure’s 3 ways to get started investing with $1,000 or less. [...]

]]> By: Looking forward to Spring | Roundup http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6751 Looking forward to Spring | Roundup Sat, 23 Jan 2010 15:33:55 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6751 [...] How to get started investing for $1000 or less [...] [...] How to get started investing for $1000 or less [...]

]]> By: Matt Jabs http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6610 Matt Jabs Thu, 21 Jan 2010 21:34:31 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6610 I used to use e-Trade but dumped them for Schwab. I have several reasons why, all of which are to lengthy to get into in an article comment. I'm glad they are working out for you though... no-load/no-transaction is good. I used to use e-Trade but dumped them for Schwab. I have several reasons why, all of which are to lengthy to get into in an article comment. I’m glad they are working out for you though… no-load/no-transaction is good.

]]> By: Edward - Entry Level Dilemma http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6609 Edward - Entry Level Dilemma Thu, 21 Jan 2010 21:23:31 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6609 Try e-Trade. They have a a lot of no-load, no-transaction fee mutual fund options. And a lot of them have no minimum purchase. I have my Roth IRA at e-trade. Try e-Trade. They have a a lot of no-load, no-transaction fee mutual fund options. And a lot of them have no minimum purchase. I have my Roth IRA at e-trade.

]]> By: Booties, Chickens, and Link Love Oh My! | Squawkfox http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6452 Booties, Chickens, and Link Love Oh My! | Squawkfox Sun, 17 Jan 2010 22:24:14 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6452 [...] 3 Ways to Get Started Investing with $1,000 or Less | Debt Free Adventure [...] [...] 3 Ways to Get Started Investing with $1,000 or Less | Debt Free Adventure [...]

]]> By: Matt Jabs http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6381 Matt Jabs Fri, 15 Jan 2010 17:48:24 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6381 This is so very true. While I think that people who spend several years or more digging themselves out of debt should definitely reward themselves for each milestone reached... <em>they most certainly should not</em> get "used to" a raised standard of living. Since they are most likely already behind on their retirement investing, they should definitely just shift all recaptured cash flow toward their IRAs, 401k's, 403b's, or wherever else they may be able to invest. Great comment Monevator, this may very well be the subject of an upcoming article! This is so very true.

While I think that people who spend several years or more digging themselves out of debt should definitely reward themselves for each milestone reached… they most certainly should not get “used to” a raised standard of living. Since they are most likely already behind on their retirement investing, they should definitely just shift all recaptured cash flow toward their IRAs, 401k’s, 403b’s, or wherever else they may be able to invest.

Great comment Monevator, this may very well be the subject of an upcoming article!

]]> By: Monevator http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6379 Monevator Fri, 15 Jan 2010 17:33:20 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6379 I think 'just get started' is the best piece of advice of all. So many people coming out of debt have a following wind of living within their means, managing their money and so on, and the willpower to make what they believe happen. By moving your debt payments into investment payments the day you can, you tap into this, and don't get used to have too much money about. Before you know it compound interest is working for you, not against you. :) I think ‘just get started’ is the best piece of advice of all.

So many people coming out of debt have a following wind of living within their means, managing their money and so on, and the willpower to make what they believe happen.

By moving your debt payments into investment payments the day you can, you tap into this, and don’t get used to have too much money about.

Before you know it compound interest is working for you, not against you. :)

]]> By: Robert Espe http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6274 Robert Espe Wed, 13 Jan 2010 09:22:27 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6274 Jackie, If you want to take advantage of long term CD rates in your emergency fund, you need to build a CD ladder. Buy a 6 month CD, a one year CD, an 18 month CD, etc, out to five years at the same time. When the 6 month matures, buy a 5 year CD. When the one year matures, buy a 5 year CD, etc. Eventually you end up with your entire emergency fund invested in 10, 5 year CD's with one coming due every 6 months, which may be liquid enough for most people. It also allows you to take advantage of rising rates. Personally, for the moment even most 5 year cd's aren't paying enough extra to make me move from my perfectly liquid ALLY MMA, but you asked. For the moment, the very best rates (%4+) can be found in "high-yield" checking accounts. Most of which have a high minimum balance, and require a significant number of debit card transactions every month. I don't have one because I don't like debit cards, but if you want the best rate and are willing to do the research, there are two places you can look: http://www.highyieldcheckingdeals.com/ http://www.checkingfinder.com/ Jackie,
If you want to take advantage of long term CD rates in your emergency fund, you need to build a CD ladder. Buy a 6 month CD, a one year CD, an 18 month CD, etc, out to five years at the same time. When the 6 month matures, buy a 5 year CD. When the one year matures, buy a 5 year CD, etc. Eventually you end up with your entire emergency fund invested in 10, 5 year CD’s with one coming due every 6 months, which may be liquid enough for most people. It also allows you to take advantage of rising rates.

Personally, for the moment even most 5 year cd’s aren’t paying enough extra to make me move from my perfectly liquid ALLY MMA, but you asked. For the moment, the very best rates (%4+) can be found in “high-yield” checking accounts. Most of which have a high minimum balance, and require a significant number of debit card transactions every month. I don’t have one because I don’t like debit cards, but if you want the best rate and are willing to do the research, there are two places you can look:

http://www.highyieldcheckingdeals.com/
http://www.checkingfinder.com/

]]> By: Peter http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6259 Peter Tue, 12 Jan 2010 19:35:05 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6259 Good primer for someone like me who plans to start investing more this year.. thanks! Good primer for someone like me who plans to start investing more this year.. thanks!

]]> By: Mike Piper http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6257 Mike Piper Tue, 12 Jan 2010 19:18:41 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6257 In my opinion, it depends on how big your emergency fund is and how likely you think it might be for you to have to tap into all of it. If your EF is only $1,000, or even a couple months of expenses, I'd suggest that the whole thing be <i>very</i> liquid. But if it's, say, 6 month of expenses, it wouldn't seem terribly crazy to me to put a portion of it in something like a longer-term CD, provided that you <i>could</i> get to the money in case you need to. It's also worth considering the size of the difference in rates. How much more do you stand to earn by using the 5-year CD? Is that enough to make it worth giving up some liquidity? In my opinion, it depends on how big your emergency fund is and how likely you think it might be for you to have to tap into all of it.

If your EF is only $1,000, or even a couple months of expenses, I’d suggest that the whole thing be very liquid.

But if it’s, say, 6 month of expenses, it wouldn’t seem terribly crazy to me to put a portion of it in something like a longer-term CD, provided that you could get to the money in case you need to.

It’s also worth considering the size of the difference in rates. How much more do you stand to earn by using the 5-year CD? Is that enough to make it worth giving up some liquidity?

]]> By: Jackie http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6256 Jackie Tue, 12 Jan 2010 19:10:24 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6256 I have a quick question. How liquid should an emergency fund be? Should the entire thing be that liquid. I as because I was thinking a percentage of my emergency fund, say about 60%, into a 5-year CD. Is that a bad idea? I think there are some liquid CDs that allow two withdrawals without penalty. Any thoughts or comments would be helpful. Thanks! I have a quick question. How liquid should an emergency fund be? Should the entire thing be that liquid. I as because I was thinking a percentage of my emergency fund, say about 60%, into a 5-year CD. Is that a bad idea? I think there are some liquid CDs that allow two withdrawals without penalty. Any thoughts or comments would be helpful.
Thanks!

]]> By: Jackie http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6255 Jackie Tue, 12 Jan 2010 19:03:27 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6255 Hello, I just wanted to advise that if you open an Investor's Checking account with Schwab, this will wave the $1,000 minimum requirement for the brokerage account. Hello,

I just wanted to advise that if you open an Investor’s Checking account with Schwab, this will wave the $1,000 minimum requirement for the brokerage account.

]]> By: ChristopherFM http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6254 ChristopherFM Tue, 12 Jan 2010 18:52:45 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6254 Appreciate the tips, Mike! Appreciate the tips, Mike!

]]> By: Getting Started Investing - How I Did It http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6245 Getting Started Investing - How I Did It Tue, 12 Jan 2010 15:00:07 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6245 [...] of my side hustle earnings into my Roth IRA Account with Schwab who allows beginning investors to start investing with $1,000 or less.  I did this for several [...] [...] of my side hustle earnings into my Roth IRA Account with Schwab who allows beginning investors to start investing with $1,000 or less.  I did this for several [...]

]]> By: -> 50 Personal Finance Bloggers To Watch In 2010 | Bible Money Matters http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6224 -> 50 Personal Finance Bloggers To Watch In 2010 | Bible Money Matters Mon, 11 Jan 2010 20:06:54 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6224 [...] Debt Free Adventure: Matt has been everywhere this year doing posts for some of the biggest PF bloggers, and building up his own great site.  Plus he’s one of the nicest guys you’ll ever meet: 3 Ways to Get Started Investing with $1,000 or Less. [...] [...] Debt Free Adventure: Matt has been everywhere this year doing posts for some of the biggest PF bloggers, and building up his own great site.  Plus he’s one of the nicest guys you’ll ever meet: 3 Ways to Get Started Investing with $1,000 or Less. [...]

]]> By: Matt Jabs http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6221 Matt Jabs Mon, 11 Jan 2010 17:52:16 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6221 I have accounts with Schwab, Vanguard, and ING Sharebuilder. I am only using Schwab at the moment because of their low cost barriers to entry. I would advise people starting out to use Schwab as a broker and purchase either Schwab ETFs or Index Funds in an IRA account. Then... when the investment is built up enough to transfer to a Vanguard account, they can choose to do that or stay w/Schwab. I have accounts with Schwab, Vanguard, and ING Sharebuilder. I am only using Schwab at the moment because of their low cost barriers to entry.

I would advise people starting out to use Schwab as a broker and purchase either Schwab ETFs or Index Funds in an IRA account. Then… when the investment is built up enough to transfer to a Vanguard account, they can choose to do that or stay w/Schwab.

]]> By: Craig http://www.debtfreeadventure.com/3-ways-to-get-started-investing-with-1000-or-less/#comment-6219 Craig Mon, 11 Jan 2010 17:12:44 +0000 http://www.debtfreeadventure.com/?p=4551#comment-6219 The Vanguard STAR fund is new to me, I just went with one of their 10 year lifecycle funds which extra money that I have to begin getting into investing. The Vanguard STAR fund is new to me, I just went with one of their 10 year lifecycle funds which extra money that I have to begin getting into investing.

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