Well I wasn't planning to purchase anything this month but I changed my mind. If I'm honest I don't like the idea of just having money sitting there in the settlement fund.
I want to be investing each month - important to be consistent. Now I have a lot of financial goals which spreads the money around a bit more than I'd like. If I am to invest each month, then any purchases of stock needs to be done when I get a tax refund or a bonus of sorts. The monthly investments will then be just focused on ETFs and mutual funds for the most part.
Ultimately, I'm okay with this. I don't plan to have that many individual stocks anyway.
Back to today. I purchased 5 shares of my global REIT ETF (VNQI), 2 shares each of my dividend ETFs (VYM and VYMI), and then tossed in the remaining $95 into my Energy mutual fund. Sexy it ain't but I'm hoping it will do the job and that in 10 years (oops almost 9 years now) I can look back and see some nice balances.
I tallied up the figures and as of 9/30, I invested just over $8K. I think that's impressive. It is money that could have been dribbled away here and there. The goal is to invest $100K in 10 years or an average of $10K/year. I'd say I'm well on my way :-)
I'm behind on my savings goals so will need to ramp that up in the coming years. I was OK with this since I thought it was more important to put money into the stock market. I still agree with this but know that a bit more needs to be going towards the savings starting in January.
Pru
That's an impressive amount invested! Good for you!
ReplyDeleteThank you! I think it is so important for everyone to just try to save or save and invest what they can each month. I am able to save/invest more than many but I believe that everyone will be surprised at how it can quickly add up! :-)
Delete