Quote:
Originally Posted by fotze
You know how cynical I am on this stuff.  I guess I meant individual equities. Have to spread the risk around.
I house probably isn't the best "investment" but the forcing of the savings seems to be unmatched. It is weird because it is a lot easier to force savings into other stuff. There is just a mental barrier.
For myself it was to get the money out of the account as close to the paycheck going in as possible. Seems the institutions are inflexible in when they take your withdrawl. If they spent a little time actually matching the day of the withdrawl with the pay schedule I bet they would get a lot more business.
You don't want the $1000 bucks taken out of your account before your paycheck going in. If they could make it smart and force the withdrawl the second it sees the pay deposit, I would take them up on it.
I use my company's own payroll to take the extra and put it into the company stock plan. Had to get some special permissions to get them to take above the max they allowed. Not seeing the money has a special power over me. If it is there I will spend it.
I overextend the amount put into the savings plan, raises go there too. It means I live paycheck to paycheck now though, sometimes going into overdraft. But now I am overexposed to a single stock. At least I have insider info on it. |
I do something similar, but take the money out of the company stock plan once a year and transfer it my brokerage account, sell the stock and buy a more diversified set of stuff. Once the money is in my brokerage account I have never been tempted to spend it.