Welcome to Mommysavers Forums.
Go Back  

Money Matters Personal finance, managing debt, saving and investing

Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Gallery iTrader

Reply
 
Thread Tools Display Modes

Old 10-04-2007, 02:32 PM   #1
Question Does lack of knowledge about investing keep you from doing it?
Kim
Ms. Mommysavers
 
Kim's Avatar
 
Last Online: Today 05:07 PM
Join Date: Jul 2006
Location: Southern Minnesota
Real Name: Kim
Posts: 10,809
iTrader: (4)
Sometimes investing in something you're not familiar with (stocks, bonds, mutual funds, etc.) can be intimidating. So much so that people just don't bother with it. Does lack of knowledge about investing keep you from doing it?
__________________
Read my Mommysavers Blog: Forget the Joneses
NEW! Check out the Mommysavers Fan Page on Facebook
Kim is offline   Reply With Quote
Old 10-04-2007, 02:40 PM   #2
Default
searching4
Mommysavers Diva
 
Last Online: 11-22-2008 08:50 PM
Join Date: Jun 2007
Location: Canada
Posts: 682
iTrader: (0)
That and lack of money !

Yah, if I feel stupid because I know nothing about something, I tend to shy away for it all together.
searching4 is offline   Reply With Quote
Old 10-04-2007, 02:42 PM   #3
Default
lamby248
Mommysavers Goddess
 
lamby248's Avatar
 
Last Online: Today 12:58 PM
Join Date: Jul 2006
Location: Northern Ohio
Real Name: Lisa
Posts: 2,888
iTrader: (0)
Quote:
Originally Posted by searching4
That and lack of money !

Yah, if I feel stupid because I know nothing about something, I tend to shy away for it all together.

Same here.. I was thinking the same thing when I read the post! LOL
lamby248 is offline   Reply With Quote
Old 10-04-2007, 03:06 PM   #4
Default
freebiemom
Mommysavers Goddess
 
Last Online: 12-17-2008 03:47 PM
Join Date: Sep 2007
Posts: 1,963
iTrader: (0)
Yep, ditto. I've been trying to learn more about these things but for me it's hard to keep everything straight. And I can't afford to go to a CPA or tax person (I'm assuming they charge for their advice and counsel) to get the answers I need and my bank doesn't have a person to give me the advice I need for free (some do, mine just doesn't). So no investing and I know we're not making good use of the money we are trying to put away.

But of course, lack of money on a consistent basis to invest or whatever with is a stopper as well.
freebiemom is offline   Reply With Quote
Old 10-04-2007, 03:06 PM   #5
Default
Happymom
Super Mom Moderator
 
Happymom's Avatar
 
Last Online: Today 05:39 PM
Join Date: Jul 2006
Location: Minnesota
Posts: 20,397
iTrader: (0)
Quote:
Originally Posted by searching4
That and lack of money !

Yah, if I feel stupid because I know nothing about something, I tend to shy away for it all together.


My thoughts exactally!!!!
__________________
~Happiness is a large family~


Happymom is online now   Reply With Quote
Old 10-04-2007, 03:25 PM   #6
Default
Mama2mygirls
Mommysavers Diva
 
Mama2mygirls's Avatar
 
Join Date: Feb 2007
Location: California
Posts: 634
iTrader: (0)
It would prevent me as I know nothing so I would probably avoid it. Luckily my husband knows a lot about it and takes care of that for us.
__________________
~Vicki~
Mama to Hailey, 4 and Ella, 2


Mama2mygirls is offline   Reply With Quote
Old 10-04-2007, 03:37 PM   #7
Default
booker81
The Soul 'n Love Mod
 
booker81's Avatar
 
Last Online: Today 05:37 PM
Join Date: Aug 2007
Location: Mid-Michigan
Real Name: Jen
Posts: 2,190
iTrader: (2)
I just leery of the stock market. I had money in a Mutual Fund - started paying into it when I started working at 15.

I lost a LOT when the tech stuff crashed. The money was managed by a financial guy, in joint with my dad, so it was being invested pretty wisely, but you can't predict things.

I still have a mutual fund - they did sell it in time that it wasn't a complete loss, but it was a hard pill.

I also have a 401k somewhere floating...no idea how it's doing.

I'm also pulling a different 401k, and that was a mildly irritating thing - I had $15k in it when I quit my job (health reasons), and when I finally got the paperwork to pull it, it had dropped all the way to $10k. It has rallied, because in the two weeks to GET the rest of the paperwork needed, it rallied back up to $13k.

I need a break from the roller coaster - past of the money when I get it is going straight into CD's. Not as great a return, but not as great of loss - I've put too much money in other's hands, and lost it because of a fickle market.
booker81 is online now   Reply With Quote
Old 10-04-2007, 03:55 PM   #8
Default
brensmom
preschool/toddler mod
 
brensmom's Avatar
 
Last Online: Today 03:56 PM
Join Date: Jul 2006
Location: IOWA
Posts: 6,973
iTrader: (0)
nope we started investing and after 6 months worth of reading books and researching on the internet we are pretty well schooled in it now. both dh and i are the type if we don't know about something we research it and find out.
__________________
SILENCE IS GOLDEN BUT DUCK TAPE IS SILVER.
brensmom is offline   Reply With Quote
Old 10-04-2007, 04:17 PM   #9
Default
househunny
Newbie
 
househunny's Avatar
 
Last Online: 05-11-2008 11:08 PM
Join Date: Sep 2007
Posts: 41
iTrader: (0)
It is more the lack of money here. In the mean time I will keep on reading and learning until the right time comes. Plus, things are just too unpredictable to just jump in. I'd rather keep on working on building a nest egg until we are set.
househunny is offline   Reply With Quote
Old 10-04-2007, 04:18 PM   #10
Default
calimari
Mommysavers Goddess
 
calimari's Avatar
 
Last Online: Today 04:32 PM
Join Date: Jul 2006
Posts: 4,619
iTrader: (0)
For this, I have to thank my brother. I have a 401K and I did read up on that thru the company web site, but my brother is the one who told me what to put where. And when I got a big $ gift from my dad one year, he had done tons of research into investment funds and had me put the $ there. He's a millionaire and he's done a LOT of reading on investments. He's also an attorney, so I'm lucky that he'll advise me in these areas. Otherwise, I'd follow advise from Suze Orman or find out what is doing well for my friends.
calimari is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Members
 

Sponsors

 


Advertisement

All times are GMT -5. The time now is 05:39 PM.


Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0