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Sunday, October 26, 2008

Here are the 9 Things I Should Do Instead of Buying Stocks

I got this page from the dilbert.com blog. I plan to do this pretty soon. Sadly I have only 2 thing done, ie.,

Pay off my CCs
Buy a House.

Hope fully god willing I should be done with this by the end of next month.


9 Things You Should Do Instead of Buying Stocks:

"Make a will.
Pay off your credit cards.
Get term life insurance if you have a family to support.
Fund your 401(k) to the maximum.
Fund your IRA to the maximum.
Buy a house if you want to live in a house and can afford it.
Put six months' worth of expenses in a money market account.
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.
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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