Date: Tue, 13 Mar 2007 12:00:48 -0500
From: "Will" 
Newsgroups: misc.invest.financial-plan
Subject: Re: A little advice...
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	=JnLh

Thanks guys.  I really appreciate the advice.  I was really willing to
pull the trigger on a line of credit I have to provide me enough
capital to start out in the market.  I am still a little frustrated at
the possibility that I can't play the market, I guess that is the
gambler in me, but I guess it is for the better.  Maybe I can spend
this time gaining more knowledge so when I am ready to go into the
market, I will have the wherewithal to do it carefully.

I just converted my rollover Traditional IRA to a Roth with T Rowe
Price, so I guess I am ahead of the advice curve there and my money in
the now Roth IRA is about $3K from when I used to work at Enterprise
Rent-A-Car.  I have chosen the Fidelity Contrafund (FCNTX) and I did
this before I even knew they were closing it to new investors back in
March of 2005.  I think that was a fortunate stumble on my part, but
that was based on the advice Cramer gave in his "Real Money" book.  I
am glad because I started out with about $2,800 and now it is around
$3,100.  Four hundred in a year, not bad, a 14% increase.

Has anyone read "Rich Dad, Poor Dad?" Is money made that quickly as he
made on foreclosure deals back in the early 1990's in the Oregon and
Phoenix, AZ areas?  What would be something, if I had to concentrate
on learning that you would give as a recommendation to make money
through gaining "financial knowledge" as the book preaches to
recognize as an opportunity?  Is there a good thing to get into to
make money like that, when in my case, I don't have much capital to
allocate to a given investment?

Right now, I am in an unpaid internship on Capitol Hill trying to get
a job on the Hill so that is my particular situation, and with this
situation comes a lot of time to think about my future.

As far as a house is concerned, my fiance and I have made it a part of
our wedding registry that we want to save for a down payment on a
house in the Washington, DC area.  If not much comes in through the
wedding, we have been discussing the 80/20 loan options, have any of
you had exposure to this?  80% loan and 20% (higher interest rate)
loan to cover the PMI.  What do you think of this idea?

Sorry to drag this forum discussion out, I am just looking for more
opinions on the subject than my own and from what I have read already.

Thank you to PeterL, Bill and Jim for contributing so far.

-Will