Date: Mon, 6 Jun 2005 14:00:31 CST
From: ayabech@yahoo.com
Newsgroups: misc.invest.financial-plan
Subject: As many before me, I seek advice
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25 years old. Have about $6k in a 401k (with the money distributed
wholly among "high risk" items, and from here on I'm contributing 12%
of my income to the 401k.)  Then I have about $41k sitting in various
savings and checking accounts.  I was figuring on putting $15k into six
1-year CD's that would be closing every other month (so I'm never more
than 2 months away from $2500 + interest.)  That would be my rainy day
fund. I'd keep $5000 in my checking account (cuz, you know, I need
money to live) and maybe another $5000 in a savings account (just in
case?) What should I do with the rest? Are the CD's a bad idea to begin
with?

I figure (hope) my 401k will, over the next 30+ years have me set for
"the future" (retirement.) I want a relatively liquid rainy day fund (I
got fired once, so I know shit can happen) on hand. It's just that
whole time frame in the middle I don't know how to plan for. All I know
is that having so much money earning almost nothing in savings accounts
ISN'T wise. Invest in stocks? I guess I'd rather use a broker (if so,
any reccomendations for one)? I'm not the type who wants to be
constantly checking the market to make progress. I'd rather someone
with more experience and "knowledge," along with a full time devotion
to the task, handle that.