Quote:
Originally Posted by jIM_Ohio
More questions to add
25) Which of the following makes sense to you
a) Set aside a given amount of money per month to invest, and have that amount taken from bank account (or paycheck) as an electronic funds transfer
b) write a check once a month and send money to brokerage or investment firm
c) invest a single lump sum now and never or rarely send in additional monies to invest
d) because income is variable, you cannot do a) or b), but need a workable solution.
e) set aside a given amount in savings, then once or twice per year write a check to deposit money into an investment
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I do "a." The first of every month money is drawn electronically from my bank and is transferred into my various funds at my brokerage account. I treat this transfer as a "bill" that must be accounted for when doing my budget for the month.