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Babies: 9 - 12 Months
Investing
what do you invest in? stock or mutual funds? Savings or CDs?
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Re: Investing
Mutual funds mostly. Bonds/stocks, US and International.
Can't really consider savings or CD's "investing" - it's pretty much just saving...
Mutual funds are stock -- just grouped together.
We have IRAs and 401ks that invest in mutual funds. We also have life insurance that builds a cash value that is also tied to mutual funds.
We put (well, we were until DH lost his job) a set amount into a cash account at Smith Barney each month. Then as it builds, we talk to our broker and use that cash to act on his "buy" recommendations for individual stocks.
The best places to put your money are generally 401ks and IRAs to get the tax advantages. The life insurance stuff was smart for us also from a tax perspective, but it's not the right vehicle for everyone.
DMoney will be a kickass big sister
Not necessarily - there are mutual funds that do not have stock as their underlying assets - bond funds for example. When you buy a mutual fund, you do not actually own the underlying stock or bond - you own shares of the fund.
Mutual funds, bonds, ETFs, laddered CDs.
And a few money market accounts at different institutions.
My nascent blog
I disagree. If you ladder the CDs appropriately, they can be excellent investments. Especially if you had locked in a 5-6% interest rate before the market crash last fall.
My nascent blog