Comments on: Financial Challenge - Day 5 http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/ Bridging the gap between saving money and investing Mon, 06 Oct 2008 20:59:10 +0000 http://wordpress.org/?v=2.6.1 By: pfadvice http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-100912 pfadvice Thu, 06 Sep 2007 00:02:21 +0000 http://www.pfadvice.com/?p=366#comment-100912 Not much. The main one would be convenience. If you woulddn't be saving the money in some other way for retirement, then it could be positive. If you company offers an investment vehicle that is better than you can find elsewhere (doubtful) it could be better. And it could be better if the alternative investment where the money would go would not be tax deductible. Not much. The main one would be convenience. If you woulddn’t be saving the money in some other way for retirement, then it could be positive.

If you company offers an investment vehicle that is better than you can find elsewhere (doubtful) it could be better.

And it could be better if the alternative investment where the money would go would not be tax deductible.

]]> By: Floyd Grier http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-100828 Floyd Grier Wed, 05 Sep 2007 21:30:05 +0000 http://www.pfadvice.com/?p=366#comment-100828 What is the up side putting your money in a 401k plan with no company match What is the up side putting your money in a 401k plan with no company match

]]> By: Financial Rounds http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-667 Financial Rounds Mon, 30 Jan 2006 18:11:40 +0000 http://www.pfadvice.com/?p=366#comment-667 <strong>This Week's Carnival Of The Capitalists</strong> This Week's Carnival Of The Capitalists is up at Phosita. As always, there's a wide assortment of posts up in a number of categories. My picks of the week are: This Week’s Carnival Of The Capitalists

This Week’s Carnival Of The Capitalists is up at Phosita. As always, there’s a wide assortment of posts up in a number of categories. My picks of the week are:

]]> By: PHOSITA http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-664 PHOSITA Mon, 30 Jan 2006 14:43:08 +0000 http://www.pfadvice.com/?p=366#comment-664 <strong>Carnival of the Capitalists #121</strong> Welcome to the 121st edition of Carnival of the Capitalists! We here are known as PHOSITA (pho – see – tah) : an arcane bit of patentese that refers to the mythical person of ordinary art.  If an invention is... Carnival of the Capitalists #121

Welcome to the 121st edition of Carnival of the Capitalists! We here are known as PHOSITA (pho – see – tah) : an arcane bit of patentese that refers to the mythical person of ordinary art.  If an invention is…

]]> By: Perky http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-622 Perky Wed, 25 Jan 2006 12:43:08 +0000 http://www.pfadvice.com/?p=366#comment-622 Thanks pfadvice :) Thanks pfadvice :)

]]> By: Loi Tran http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-620 Loi Tran Wed, 25 Jan 2006 08:18:51 +0000 http://www.pfadvice.com/?p=366#comment-620 As for investing in a portfolio, I'd put a small amount into a bond fund. Somewhere along the lines of 5%-20%. Bonds are not correlated to stocks and studies have shown that bonds may improve a portfolio's risk adjusted returns. I've written a post about bonds in a portfolio. http://investingguide.blogspot.com/2006/01/bonds-in-portfolio-for-young-people.html As for investing in a portfolio, I’d put a small amount into a bond fund. Somewhere along the lines of 5%-20%. Bonds are not correlated to stocks and studies have shown that bonds may improve a portfolio’s risk adjusted returns. I’ve written a post about bonds in a portfolio. http://investingguide.blogspot.com/2006/01/bonds-in-portfolio-for-young-people.html

]]> By: Loi Tran http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-619 Loi Tran Wed, 25 Jan 2006 08:15:33 +0000 http://www.pfadvice.com/?p=366#comment-619 I'd pay down the car loan first since you are not getting any company match. The returns you are going to get in your 401k are not guaranteed, but when when you pay down your debt, the savings from the interest payments are. I’d pay down the car loan first since you are not getting any company match. The returns you are going to get in your 401k are not guaranteed, but when when you pay down your debt, the savings from the interest payments are.

]]> By: Wealth Today » 401k Have you signed up? http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-617 Wealth Today » 401k Have you signed up? Wed, 25 Jan 2006 02:12:39 +0000 http://www.pfadvice.com/?p=366#comment-617 [...] Jeff at Personal Finance Advice has issued his Financial Challenge - Day 5. Here he challenges you to enroll and participate in your company’s 401k. I’ve already got a head start and have even bumped it up. If your company matches any amount, and you’re not participating, you’re MISSING FREE MONEY. Signing up is usually rather painless, and is one of the best investments for its simplicity that you can make. [...] [...] Jeff at Personal Finance Advice has issued his Financial Challenge - Day 5. Here he challenges you to enroll and participate in your company’s 401k. I’ve already got a head start and have even bumped it up. If your company matches any amount, and you’re not participating, you’re MISSING FREE MONEY. Signing up is usually rather painless, and is one of the best investments for its simplicity that you can make. [...]

]]> By: pfadvice http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-616 pfadvice Tue, 24 Jan 2006 23:55:42 +0000 http://www.pfadvice.com/?p=366#comment-616 <b><i>"If there is no match, and we do have debt, we shouldn’t sign up right? What if the debt we have is only the house and car(3 or 4 months we should be there!)? should we sign up with no match or wait still?"</b> Getting ahead in the game ;) Wait until tomorrow's challenge - but the answer is "no" to begin with. There is a better investment than the 401(k) if your company doesn't match the money. “If there is no match, and we do have debt, we shouldn’t sign up right? What if the debt we have is only the house and car(3 or 4 months we should be there!)? should we sign up with no match or wait still?”

Getting ahead in the game ;) Wait until tomorrow’s challenge - but the answer is “no” to begin with. There is a better investment than the 401(k) if your company doesn’t match the money.

]]> By: flash http://www.pfadvice.com/2006/01/23/financial-challenge-day-5/#comment-615 flash Tue, 24 Jan 2006 20:40:33 +0000 http://www.pfadvice.com/?p=366#comment-615 Perky has a good point. My first several jobs had great 401K matching and other retirement savings. My position with the might F500 had no match. The 401K is still critical to have, tax free money set aside and making money. For me, I spread over various accounts, stocks was only a partial investment, and have done very well. I don't think all in stocks with no match is ideal unless you have access to some great funds in your program. Perky has a good point. My first several jobs had great 401K matching and other retirement savings. My position with the might F500 had no match. The 401K is still critical to have, tax free money set aside and making money. For me, I spread over various accounts, stocks was only a partial investment, and have done very well. I don’t think all in stocks with no match is ideal unless you have access to some great funds in your program.

]]>