I know conventional wisdom says 1) Pay off debt 2) Save money 3) Emergency supply of liquid assets 4)then start investing, but is it a bad idea to "play" with investing at this stage?
I am a stay at home mom, my husband has a very secure law enforcement job (good benefits and life insurance). We try and put away 5% in his 401K and 5% into savings. We have four young children, and the debt load we have is two cars and a mortgage. We have avoided credit card debt, and have tried to buy most things with cash.
Do I take the 100 a month I want to buy "share-builder" stocks with? Or do something else with it? (Like what?). Or do I continue to do small investments as my own "401K"???
Serious answers please!
2006-07-06
13:32:03
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