Yogi Zone

Useful articles for your finance management by our team of experts

A Simple Alternative to Buying Stocks

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Nine Things You Should Do Instead of Buying Stocks

This Motley Fool article refers to Scott Adams’ (the creator of Dilbert) 9 steps to generate and protect wealth.  I mostly agree with these principles and think its worth following.

  • Make a will.
  • Pay off your credit cards.
  • Get term life insurance if you have a family to support.
  • 401k…
  • Buy a house.
  • Put six months’ worth of expenses in a money market account.
  • Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker, and never touch it until retirement.
  • If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner.
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