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Best Saving Plan For Pre-Retirement Money?
1 Reply

Started this discussion. Last reply by Nathan Andover Jun 24, 2011.

Invest Your Way To Wealth?
4 Replies

Started this discussion. Last reply by James Scott Jul 22, 2010.

What Does The Current Market Tell Us About Investing?
2 Replies

Started this discussion. Last reply by lea May 25, 2010.

 

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James Scott

The Investment Ramifications Of Sustainable Energy

Our economy runs on fossil fuels.  Oil, coal and natural gas are crucial to powering our factories, our computers, our military, our cars, our homes, etc...  If there was any disruption in the supply of fossil fuels, our economy would be effected in major ways.

 

We see examples of this as the market responds to the price of oil and events in the Middle East.  We see this in the investments being made in natural gas. 

 

We all know the market would respond poorly…

Continue

Posted on June 23, 2011 at 3:30pm

James Scott

I Don't Want To Buy Anything

I think my investing mindset has gone a little too far.



I have myself trained so well to put money into investments each month, that I don't want to spend my money on anything else.



I know I need a new vehicle, but I don't want to spend the thousands of dollars a new vehicle will cost me. I just keep driving the same car that is bound to break down at any moment.



I've never been a spender. I spend money on little things, but I generally hate to go shopping and I… Continue

Posted on June 10, 2009 at 8:51am — 2 Comments

James Scott

How To Retire In A Bad Market

Liz Pulliam Weston from MSN Money wrote a good article about retiring when the stock market is tanking. Here's a few quotes from the article:



"Big drops in the stock market obviously can devastate retirement accounts. But the people most at risk are those who have just retired or who are about to retire.



That's because dipping into a shriveled nest egg can… Continue

Posted on October 8, 2008 at 12:30am

James Scott

Lower Your Cable Bill, Increase Investments

Do you just pay whatever the cable television company tells you to pay? I don't.



I just called to increase the number of channels I get. I was told it would be an extra $40 per month. I said that was too expensive and asked if they would check for any available special offers. I ended up getting all the channels I wanted for only $10 more per month. I saved $30 a month just by rejecting their price and asking if there was a lower price I could pay.



I'm sure many people… Continue

Posted on October 2, 2008 at 3:30pm

James Scott

Should I Continue Investing Every Month?

I like the idea of investing every month.



I have my investments set up on an automatic investment plan so I don't even have to think about it.



However, am I investing in the right thing? All my investments are doing poorly as the stock market continues to struggle.



Maybe I should be investing every month into a business or into real estate investments?



I guess the idea of buying cheap homes is the same as the idea of buying cheap stocks when they are… Continue

Posted on June 27, 2008 at 2:00pm — 1 Comment

Latest Activity

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Nathan Andover replied to James Scott's discussion 'Best Saving Plan For Pre-Retirement Money?'
It matters how old a person is.  If they are in their late 40's or 50's, a person would want to find a more conservative savings option such as CDs or money market accounts.  These options would have low returns, but the money…
Jun 24, 2011
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James Scott replied to paul's discussion 'Can You Invest $20, $30, $40, $50 Per Week And Become Wealthy?'
Have you ever played around with a compound interest calculator?  Just do a search to find one online and then start plugging in numbers.  It will give you a pretty good idea of what you can expect to have at certain ages and it also will…
Jun 23, 2011
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James Scott replied to OICUAM2's discussion 'Should I Buy More Gold Or Sell What I Have?'
I would sell what you have.  Gold hasn't had the big crash yet that I was expecting, but it still is over-priced in my opinion.  Gold will probably stay high as long as the economy is doing poorly.  Hopefully, the economy will…
Jun 23, 2011
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Best Saving Plan For Pre-Retirement Money?

I enjoyed Nathan's blog post about trying to save for retirement, but also trying to make or save enough money to live the retirement lifestyle before we reach retirement. My question now is how should we save money for pre-retirement?  Most retirement savings plans have penalties if we take money out of our accounts before we reach a certain age. If I am getting to a comfortable point in the money I have saved for retirement, what type of savings plan should I use to save money I could spend…See More
Discussion posted by James Scott Jun 23, 2011
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The Investment Ramifications Of Sustainable Energy

Our economy runs on fossil fuels.  Oil, coal and natural gas are crucial to powering our factories, our computers, our military, our cars, our homes, etc...  If there was any disruption in the supply of fossil fuels, our economy would be effected in major ways. We see examples of this as the market responds to the price of oil and events in the Middle East.  We see this in the investments being made in natural gas.  We all know the market would respond poorly to a disruption in fossil fuels,…See More
Blog post by James Scott Jun 23, 2011
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James Scott replied to Nathan Andover's discussion 'Lowest Investment Fees'
It really is amazing how some people only look at the returns they are getting from the stock price and seem to completely ignore the taxes and fees.  It can really change the profitability of our investments if we focus on ways to lower…
Jun 23, 2011
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James Scott commented on paul's blog post 'I'm Not Sure I Believe In Dollar Cost Averaging'
Do you believe in it now?  I mean seriously, were you up to date on the release of oil from the strategic oil reserves, the lower than expected economic news today, the IMF & EU bailout agreement, etc...?  That is a lot of news to try…
Jun 23, 2011
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James Scott commented on Nathan Andover's blog post 'Automated Mobile Income'
I like your plan to find a way to get to a retirement lifestyle before you reach retirement age.  Hard to do, but why not think about it and try.  Good luck with your efforts.
Jun 23, 2011

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