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    aguilar64's Avatar
    aguilar64 Posts: 27, Reputation: 1
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    #1

    Jan 2, 2008, 08:17 PM
    Mutual Funds
    I am starting to take an interest into investments and I hear mutual funds are great ways to start up an investment portfolio. My question is how much should I invest, I work at sears as a commission sales man, I am also paying for school so that wipes me clean during the time of paying classes, but after that I am pretty much rolling in the money... for my age.
    tickle's Avatar
    tickle Posts: 23,800, Reputation: 2674
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    #2

    Jan 2, 2008, 08:21 PM
    I would suggest talking to the financial planner at your bank. My son has done very well with mutual funds, but there are pitfalls if you don't know the right ones to pick and it is uncertain doing it on your own, rather an expert helping you out and there would not be a charge. It is beneficial to the bank helping with this type of inivestment. Good luck.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,302, Reputation: 7692
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    #3

    Jan 2, 2008, 08:21 PM
    You should try to be saving from 10 to 20 percent of your pay. More if you can.

    You should also be looking at what is your debts? If you have high interest credit card debt and other debts, work at getting out of debt and not owing any body before you start putting too much into investments for others, start by saving yourself all of that intest

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