Mutual Funds

So, we just accomplished one financial goal on top of our list.  We finally opened a mutual fund with T.Rowe Price.  We’re putting only a small amount every month to see how it goes, then we’ll see about adding a bit more later on.  Unfortunately, the market hasn’t been doing that good lately, but we’re looking forward to a more profitable next few months =)

Mutual Funds

So, I’ve been holding off getting mutual funds for the longest time.  But we figured, we’re young enough to take such high risks and their is great potential. And I’ve already wasted enough time not investing much earlier.  So, we opened up our first mutual fund this week.  I’m very excited.  Can’t wait to see results.  I still want to open a small mutual fund for the kids through a bank. My brother opened one for his son and the return has been good so far.  I would be nice to have that extra money to spend for the kids’ college.  Also, I told my husband that it would be nice to have an investment.  Many people are still into the Real Estate investing, and with the prices nowadays, we can’t afford to spend and extra $2000-$2500 on a mortgage plus expenses of owning your own home.  So we’ll make do with what we can spare.  And a mutual fund is still an investment, just a different kind.  Besides, that’s how Warren Buffet became rich right? Investing in stocks.  I want to learn how to trade just like the big guys.  And Phil Town turned $1000 into a million dollars in five years by doing stocks. Wowza!  I’m so excited! If they can do it, I’m sure I can too =)