| New and don't know what to do....? |
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coaster
Senior Advisor
Cash: $ 1357.20
Posts: 6683
Joined: 11 Oct 2005
Location: Wisconsin
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| Re: I got you... |
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quote:
Originally posted by RandRmoney
I know about the concept of keeping the money in and letting it compound. I only want to see and FEEL the results.
Yes, I know you understand compounding; what I'm telling you is the psychological impact: you want to FEEL the result, you do the dividend re-investing. THAT's how you psychologically will best FEEL the result. That's how best you'll achieve what you want to achieve. I really did understand the first time what you wanted; been there, done that. It's seeing those numbers build on the account statements that really catches your attention. You won't see those numbers build if you take the cash.
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Wed Mar 16, 2011 5:59 am |
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RandRmoney
Contributing Member
Cash: $ 7.65
Posts: 33
Joined: 03 Mar 2011
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| Thanks |
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The new plan based on your valuable and experienced advice is: get 3 dividend checks, then put in 5k to 10k more in the fund, then let it ride and compound. How does that sound?
Got two books from the library: Mutual Funds for Dummies, and Investing Online for Dummies. Very appropriate huh?
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Wed Mar 16, 2011 1:21 pm |
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coaster
Senior Advisor
Cash: $ 1357.20
Posts: 6683
Joined: 11 Oct 2005
Location: Wisconsin
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I guess I can't argue with a compromise. 
BTW, those are pretty decent books; they're what I usually recommend.
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Wed Mar 16, 2011 3:08 pm |
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RandRmoney
Contributing Member
Cash: $ 7.65
Posts: 33
Joined: 03 Mar 2011
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I was looking for just "Investing for Dummies". I am not ready to invest online just yet.
Thanks for endorsing the compromise. Compounding the earnings vs. Putting in 10k. Whats the difference?
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Wed Mar 16, 2011 4:13 pm |
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