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Quiet weekend off but educating myself about IRAs and other investments

January 22nd, 2012 at 10:05 am

I'm off again this weekend. Oh my, this is the third one in a row! I work the next few but sure have enjoyed these breaks.

I was off Friday, too, and a friend and I went out for lunch then to the tiny asian market in our town where I spent $16 on some things I want to try then to a newish coffee shop that opened a piece down the road. I spent $3 there. The owner of the shop said she recognized me, asked if I work at a particular Starbucks, and told me how impressed she is with the service I give and experience I seem to have. Aww, that just made my day! She basically offered me a part time job, too, but it won't start until May if it happens. I think I'd like that, though. I gave her my number and told her to call me if she needs some part time help.

I stayed home yesterday so it was a no spender and later today I'm going to a friend's house to watch football. I'll probably buy a Diet Pepsi to take with me but other than that, there should be no spending. Yaaay! Speaking of Diet Pepsi, if I get one it will be my 4th in 3 weeks! I've cut way back on them.

By the way, I still haven't had a smoke. Today is day 37 and I haven't spent about $314 on cigarettes!

Okay, so someone I know online is educating me a bit about Roth IRAs and other investments. You know, over the years I've tried to learn a little here and a little there about investing but I've never been able to put it to use. Or rather, I simply didn't put it to use. I won't be able to act on this until later this year but I plan to open a Roth IRA, most likely with Vanguard. I did check my 401(k) this morning and found out it relied too heavily on common stock so I changed that. Meh, it's something.

I've spent a good deal of today reading about IRAs but now it's time to do laundry and clean the place!

5 Responses to “Quiet weekend off but educating myself about IRAs and other investments”

  1. Ima saver Says:

    I have both my roth and regular IRA with Vanguard and have been very happy with them. My IRA is with the index 500 fund.

  2. Petunia 100 Says:

    So that woman recognized you and recalled that you give great service. What a nice compliment!

    My Roth is at Vanguard and I use a Target Retirement fund. The TR funds hold total stock market index, international stock indexes, and total bond market index. They gradually become bond heavy as you age and approach your target retirement age.

    My traditional is a brokerage account at Wells Fargo. In it, I hold mostly Vanguard index etfs.

    It is hard to go wrong at Vanguard even if you prefer actively managed funds to index funds. The costs are still rock bottom which is a huge advantage.

  3. patientsaver Says:

    I'm also with Vanguard. I have probably 70% of my assets with them.

    don't forget an IRA or Roth IRA is just the vehicle you use to invest you retirement money which confers special tax-deferred status. It's not the product/investment itself. So you can have your ira/Roth IRA invested in CDs at a bank (tho i wouldn't recommend it), mutual funds, stocks, bonds, you name it.

  4. Jerry Says:

    Hey, nice work on kicking the cigarettes. Not only does it lead to better health, but as you mentioned, it offers some insurance of a lot more discretionary income! Smile Great job.
    Jerry

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