Comments on: Money Question: Where to Put the Money? http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/ Sat, 21 Nov 2009 20:14:32 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Where I Put Our Emergency Money | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-8315 Where I Put Our Emergency Money | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing Thu, 26 Apr 2007 14:38:34 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-8315 [...] the second edition of What’s Your Money Question? this week (the first edition is right here) and this time the questions asked is Is there such thing as saving too much money in an emergency [...] [...] the second edition of What’s Your Money Question? this week (the first edition is right here) and this time the questions asked is Is there such thing as saving too much money in an emergency [...]

]]> By: Lazy Man Answers a Money Question http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6568 Lazy Man Answers a Money Question Thu, 12 Apr 2007 19:33:03 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6568 [...] First, I started giving a weekly review of my finances, soon after came guest posts and Personal Finance Weekend Reviews. Today, I’ve been included in the debut of the Money Question. [...] [...] First, I started giving a weekly review of my finances, soon after came guest posts and Personal Finance Weekend Reviews. Today, I’ve been included in the debut of the Money Question. [...]

]]> By: More on Money Question | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6542 More on Money Question | The Sun’s Financial Diary | A Personal Finance Blog on Saving and Investing Thu, 12 Apr 2007 15:24:17 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6542 [...] or get daily update via email delivery. Thanks for visiting and enjoy your stay!After I posted the Money Question from a reader yesterday, several people have commented with their recommendations. For [...] [...] or get daily update via email delivery. Thanks for visiting and enjoy your stay!After I posted the Money Question from a reader yesterday, several people have commented with their recommendations. For [...]

]]> By: Money Flow Chart « Krugergold Finance http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6476 Money Flow Chart « Krugergold Finance Thu, 12 Apr 2007 05:11:06 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6476 [...] reading Sun’s latest article titled Where to Put the Money? I thought that I should have a stab at the answer. In the process, I came up with a flowchart that [...] [...] reading Sun’s latest article titled Where to Put the Money? I thought that I should have a stab at the answer. In the process, I came up with a flowchart that [...]

]]> By: TFB http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6451 TFB Wed, 11 Apr 2007 23:48:06 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6451 I like golbguru's answer the best, which is an example for seeing the larger picture. If Mom is a millionaire, what happens to $1,100 doesn't matter. If $1,100 is all Mom has, there's a much bigger issue than what happens to this $1,100. If Mom has other money and she already has a good investment plan in place, just blend it in. If Mom has other money but doesn't have a good plan, she needs a good overall plan first. I like golbguru’s answer the best, which is an example for seeing the larger picture. If Mom is a millionaire, what happens to $1,100 doesn’t matter. If $1,100 is all Mom has, there’s a much bigger issue than what happens to this $1,100. If Mom has other money and she already has a good investment plan in place, just blend it in. If Mom has other money but doesn’t have a good plan, she needs a good overall plan first.

]]> By: moom http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6446 moom Wed, 11 Apr 2007 23:22:30 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6446 Without having the big picture it's impossible to give advice. Taking the question at face value - this money isn't needed now but assuming the mother doesn't have anything in long-term self controlled assets - I would open a Roth IRA and invest in one of those target funds for 2025 or so. Need to make sure you don't pay any loads or big brokerage fees. Ameritrade charges $50 to buy most no-load funds though some are fee free. Without having the big picture it’s impossible to give advice. Taking the question at face value – this money isn’t needed now but assuming the mother doesn’t have anything in long-term self controlled assets – I would open a Roth IRA and invest in one of those target funds for 2025 or so. Need to make sure you don’t pay any loads or big brokerage fees. Ameritrade charges $50 to buy most no-load funds though some are fee free.

]]> By: Savvy Steward http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6427 Savvy Steward Wed, 11 Apr 2007 20:07:50 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6427 I think the above are all great suggestions. $1100 is not that much. It's one thing if that is an initial investment, but if no further investments are going to be made in the next twenty years then maybe it's better to actually use the money. One option is to either apply it to her mortgage so that she will be debt free sooner, or if she already has the house paid off, invest the money into a facelift/project for the house. Spending the money now, she can enjoy the benefits of an upgrade to her house, and then when she goes to sell it, the upgrade will have added to the value of the house. Obviously there is risk, but if you have the right house and make the right type of upgrade, it will appreciate in value. An investment with potential return and something you can enjoy immediately. I think the above are all great suggestions. $1100 is not that much. It’s one thing if that is an initial investment, but if no further investments are going to be made in the next twenty years then maybe it’s better to actually use the money.

One option is to either apply it to her mortgage so that she will be debt free sooner, or if she already has the house paid off, invest the money into a facelift/project for the house.

Spending the money now, she can enjoy the benefits of an upgrade to her house, and then when she goes to sell it, the upgrade will have added to the value of the house. Obviously there is risk, but if you have the right house and make the right type of upgrade, it will appreciate in value. An investment with potential return and something you can enjoy immediately.

]]> By: Midweek Readings From Money Blogs http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6426 Midweek Readings From Money Blogs Wed, 11 Apr 2007 19:46:46 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6426 [...] Money Question: Where to Put the Money? @ The Sun’s Financial Diary. This is the first of a series of questions asked by readers, and answered by a few bloggers. The main objective is to encourage reader participation…so head over and feel free to contribute your answer and/or criticize other answers. [...] [...] Money Question: Where to Put the Money? @ The Sun’s Financial Diary. This is the first of a series of questions asked by readers, and answered by a few bloggers. The main objective is to encourage reader participation…so head over and feel free to contribute your answer and/or criticize other answers. [...]

]]> By: Merchant Accounts » Money Question: Where to Put the Money? http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6425 Merchant Accounts » Money Question: Where to Put the Money? Wed, 11 Apr 2007 19:41:59 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6425 [...] post by The Sun and software by Elliott [...] [...] post by The Sun and software by Elliott [...]

]]> By: What Should My Mom Do With A Thousand Dollars? http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6405 What Should My Mom Do With A Thousand Dollars? Wed, 11 Apr 2007 16:25:45 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6405 [...] Money Question: Where to Put the Money? [via Sun’s Financial Diary] [...] [...] Money Question: Where to Put the Money? [via Sun’s Financial Diary] [...]

]]> By: What’s Your Money Question? The Inaugural Edition » Silicon Valley Blog About Money http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6401 What’s Your Money Question? The Inaugural Edition » Silicon Valley Blog About Money Wed, 11 Apr 2007 15:30:27 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6401 [...] Money Question? is over at The Sun’s Financial Diary, covering a question along the lines of “where should you put your money?” Check it out and see what a slice of the blogosphere has to [...] [...] Money Question? is over at The Sun’s Financial Diary, covering a question along the lines of “where should you put your money?” Check it out and see what a slice of the blogosphere has to [...]

]]> By: The Digerati Life http://www.thesunsfinancialdiary.com/money-question/money-question-where-to-put-the-money/comment-page-1/#comment-6395 The Digerati Life Wed, 11 Apr 2007 15:01:26 +0000 http://www.thesunsfinancialdiary.com/2007/04/11/money-question-where-to-put-the-money/#comment-6395 Sun, thanks for the inaugural edition of What's Your Money Question? :D This is great. Sun, thanks for the inaugural edition of What’s Your Money Question? :D This is great.

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