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GoGrowDough

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    • HERstory
    • horror story
    • it's me hi
    • reminders
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    • faq
  • the journey
    • an experiment
    • options
    • my picks
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  • More
    • home
    • learn more
      • HERstory
      • horror story
      • it's me hi
      • reminders
      • resources
      • faq
    • the journey
      • an experiment
      • options
      • my picks
    • blog
  • home
  • learn more
    • HERstory
    • horror story
    • it's me hi
    • reminders
    • resources
    • faq
  • the journey
    • an experiment
    • options
    • my picks
  • blog

If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.


Warren Buffett

reminders

The reminders on this page are things I have either read or learned through my own experience. This site is about my experience and my journey to start investing. I am not here to give investment help or advice or even tell you that you need to invest. You are the only one who can decide that. However, my experience tells me that personal investing is the only way to keep up with inflation. It's up to you what you do next based on your own risk tolerance.

Investment comes with risk

Do not invest for the short term

Investment comes with risk

People working at a table with a notebook and laptop

Past performance does not indicate future performance. However, past performance may help you better understand future risk.

Have an emergency fund

Do not invest for the short term

Investment comes with risk

Woman working at a laptop in her home

Have an emergency fund to cover six to 12 months of expenses before investing.

Do not invest for the short term

Do not invest for the short term

Do not invest for the short term

Overhead image of a laptop, cup of coffee, and financial reports

Money you need in the next three years should be kept in cash. Three-to-10-year goals can be invested with a mix that is comfortable for your risk tolerance.

other tips

chess pieces

Explore investment firms and accounts as well as various tax* benefits or consequences of the various accounts.

Determine how much money you can invest. When you can, increase your contributions.

Start investing as soon as possible. The earlier you start, the more you benefit from compound interest.

Understand your risk strategy or risk tolerance when it comes to investing.

* I do not discuss tax on this site. As mentioned, I'm not a financial planner and I am even less of a tax advisor!

automated investing accounts

automated investing accounts

automated investing accounts

The account manages itself such as buying and selling index funds, stocks, or ETFs based on your risk strategy. Since I don't have the time to do all the research, I am focused on automated investing accounts.


Plus, even with research, I don't have the training to feel completely confident with my decisions. Read my horror story...

actively managed accounts

automated investing accounts

automated investing accounts

You pick the funds in which you want to invest. You do all the research to ensure that you understand the expense ratio, transaction fees, Alpha, Beta, returns, etc.


In my opinion, without the proper training, even following the advice of online "professionals" can put your hard earned money at risk.

a cd investment strategy...

As mentioned previously, there is a time and place for CDs. However, based on my age and risk tolerance, I wanted to invest in more than just CDs. Also, when I talk about needing to do more than invest in CDs, it is because my investment strategy was essentially CDs. I still very much believe in CDs and will use CDs to lock in higher interest rates on money that I need in the shorter term.

risk tolerance

Risk tolerance refers to your ability or comfort level when your investments perform poorly. Riskier investments often come with a greater return, but you will also see bigger high and low swings. An investment strategy based on your risk tolerance could be 70% in an index fund and 30% in safer non-stock investments like bonds or CDs. Alternatively, if you are more risk averse you may have 30% in index funds and 70% in safer investments. Using a questionaire, most (probably all) robo-advisors will help you determine your risk tolerance when setting up an account.

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