Originally Posted by Arby (Post 14734759)

I think I read somewhere that like - 70% of Americans are living pay check to pay check. That gives me hope and makes me feel better about the money I am saving, but I still know Im not doing enough. Basically Im putting 3% of my paycheck into a 401k, I do have a mutual fund my dad set up for me years and years ago, and I have a bit of a "rainy day fund" too. I wish I was doing better tho.

Originally Posted by unccrombie (Post 14734768)

how is that mutual fund holding up return wise? i've been looking at the general idea of them.

Originally Posted by Rebecca De Mornay (Post 14734777)

You do realize that mutual fund is a very broad term?

It's like saying I'm going to buy a car.

Check out KLGIX, it's managed by an ant.

Originally Posted by Rebecca De Mornay (Post 14734777)

You do realize that mutual fund is a very broad term?

It's like saying I'm going to buy a car.

Check out KLGIX, it's managed by an ant.

Originally Posted by Rebecca De Mornay (Post 14734777)

You do realize that mutual fund is a very broad term?

It's like saying I'm going to buy a car.

Check out KLGIX, it's managed by an ant.

Originally Posted by unccrombie (Post 14734787)

yeah, i know the types and such. hence why i asked

Originally Posted by scrock25 (Post 14734819)

Be sure that you have 20% down and $50k liquid cash or else you can't afford it.

Er.... sorry, wrong thread.

Originally Posted by UNC41 (Post 14734809)

The best savings tool I have is my ESPP. Every six months, we get to purchase company stock at a 15% discount of the stock price of the first day or last day of the period, whichever is low. I put 10% of my post-tax pay into that. When I sell right away it nets me a minimum of a 115% return. I sold the stock from the first half of 2013 earlier today at a 165% return. Not bad for less than seven months.

After selling, I usually split the money between a Roth, mutual funds and student loans. The next year and a half will include wedding fund though.

Originally Posted by Rebecca De Mornay (Post 14734861)

ESPP plans are not as good as advertised... usually.

The 15% discount is taxed as ordinary income and the purchase date for employees usually coincides with the equity bonus dates for the exectuives which often seems to go with a bump in the stock price.

Originally Posted by AJF_41 (Post 14734838)

what company do you work for?
i think you mean minimum 15% return...not 115% return..

Originally Posted by Rebecca De Mornay (Post 14734861)

ESPP plans are not as good as advertised... usually.

The 15% discount is taxed as ordinary income and the purchase date for employees usually coincides with the equity bonus dates for the exectuives which often seems to go with a bump in the stock price.

Originally Posted by Rebecca De Mornay (Post 14734777)

You do realize that mutual fund is a very broad term?

It's like saying I'm going to buy a car.

Check out KLGIX, it's managed by an ant.

Originally Posted by Arby (Post 14734907)

Not just any car. It's John Voight's car.

Originally Posted by UNC41 (Post 14734886)

Even taxed as ordinary income, I get a guaranteed six-month return that is much higher than I can get elsewhere.

Originally Posted by Rebecca De Mornay (Post 14734916)

This is not a promising post.

Originally Posted by UNC41 (Post 14734886)

When I sell it's at 115% what I paid.

Originally Posted by smokew11 (Post 14734936)

my wife and i just each opened up IRA's about 4 months ago. only putting in $125/month each right now, but its a start. Im almost 30 and she's 27, I wish we did this 5 years ago

Originally Posted by Rebecca De Mornay (Post 14734916)

This is not a promising post.