I’m slowly but surely getting my feet wet with investing. I’ve opened an IRA, not much, however, I contribute monthly so that I have funds to invest with.
I only purchase stocks of those organizations that I’m loyal to, some pay dividends some don’t. I can honestly say, that they’re (stocks) doing pretty good, even in these times. I am happy because I feel like I made some good choices. I still have a lot to learn though.
My best performing stocks is Walmart and Costco, my worst, Nike. Nike was also my first ever purchase. However, for the most part I’ve seen a positive gain over all. Sometimes I can kick myself because I hadn’t purchased more, especially of the Costco stock.
I’m proud of myself for stepping out. I am way behind the eight ball and I’m looking forward to getting this student loan down, so that I’ll have more funds to invest.
I’ve decided that for every $5k paid off on the student loan I’m going to increase my 401(k) contribution by 1%. I should have the loan at $30k by December. It sucks that the student loan interest is starting back up. For me it means I have to decrease my IRA contribution temporarily and throw the funds at the student loans.
I’m not going to lie, it would have been a huge help had the loan forgiveness went through. I’m glad I kept paying when the interest rates were frozen. I wish I could get another year, lol but oh well.
For me the ability to throw $2k or $5 at a time on my loan felt great. Now I have a payment of $319, I’m readjusting my budget so that I’m ready. I hope others are as well.
August 1st, 2023 at 03:11 pm 1690899091
August 1st, 2023 at 03:16 pm 1690899371
August 1st, 2023 at 06:35 pm 1690911349
Yes I have bought quite a few index funds and they’re also doing great. Sorry I didn’t include e