<Energy from Wind: A Discussion of the EROI Research The Oil Drum DrumBeat: October 20, 2006>

144 comments on DrumBeat II: October 19, 2006

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Virtual Ipecac on October 19, 2006 - 9:14pm Permalink | Subthread | Parent | Comments top
401K with matching from your employer is a good deal for now.

Adding to what others have said:

  • Diversify your holdings.
  • Financial advisors will advise young folks to play risky.  That is "old" advice that you should perhaps not follow.
  • Put some $ in conservative stable funds, some in diversified bonds, some in international funds (stay away from emerging international right now...mature international funds have done well).
  • I also have done well in midcap value funds.
  • DO NOT put all your eggs in one basket (especially energy stocks).
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RussianCrude on October 19, 2006 - 10:55pm Permalink | Subthread | Parent | Comments top
I have no debt :)
but no matching :(
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Virtual Ipecac on October 19, 2006 - 10:59pm Permalink | Subthread | Parent | Comments top
Excellent on the debt side...not many people can say the same in this day and age.

Bummer on the matching, but still worthwhile...just invest what you can without causing you undo hardship.  Don't invest what you can't lose...even if it's just $100 a month.

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Seadragon on October 19, 2006 - 11:20pm Permalink | Subthread | Parent | Comments top
No employer match...then look very carefully at the choices offered in the account.  If they are high-expense and low-performing (and these frequently go together) you may be better off in several broad index funds in a taxable account. This is a complex topic and can't really be dealt with in a few words on a drumbeat.  
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144 comments on DrumBeat II: October 19, 2006

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