Originally posted by AZ&F'sDaddy
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Originally posted by whitetailtrail View PostI disagree here. Dave Ramsey preaches front loaded mutual funds where you're paying 5% before any work is done on the part of the advisor. He is great for saving, getting out of debt and managing money, but I wouldn't pass along his investment strategy.
If you want to read his Total Money Makeover book and are willing to pass along the book to someone else after you are done, PM me an address and I will send you a free copy. I have several.
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It’s a long game. First $10K, Buy SPY (S&P index fund), hold and just have the dividends reinvested. Now, years later, it’s been a huge winner. Its diversified (key). It’s all about time, reinvesting dividends and letting compounding do its thing. Individual stocks can be good but you need to do your research.
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Originally posted by 4_Fingers View PostIt’s a long game. First $10K, Buy SPY (S&P index fund), hold and just have the dividends reinvested. Now, years later, it’s been a huge winner. Its diversified (key). It’s all about time, reinvesting dividends and letting compounding do its thing. Individual stocks can be good but you need to do your research.
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