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9 things to do with your life other than buy stocks

Scott Adams, creater of Dilbert, passes these along, courtesy of Motley Fool:

  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 401(k) to the maximum.
  5. Fund your IRA to the maximum.
  6. Buy a house if you want to live in a house and can afford it.
  7. Put six months’ worth of expenses in a money market account.
  8. Take whatever money is left over and invest 70% in a stock index fund and 30% 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.

I don’t see any money for beer and rock concerts in there, alas.

Also, any time is a good time to ask yourself how much of your wealth you want tied up in your own company’s stock. Remember Enron.

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Tom Mangan posted at 10:46 pm December 21st, 2008 |

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