25 rules to grow rich by

[Richard T]

I am very serious about making calculated financial decisions. It's what I do for a living on the corporate side (accounting/finance) and practice in my personal life. This is a decent list (http://money.cnn.com/popups/2006/moneymag/25_rules/index.html) I came across for the everyday bloke.

:Beer:

[blue]

i got to #10 and realised that these really dont pertain to me at my age or i would be putting 100% of my money into stocks... lol

[ryanman]

Great link, thanks.

[Kwando]

great info! Thx

[Richard T]

i got to #10 and realised that these really dont pertain to me at my age or i would be putting 100% of my money into stocks... lol

Well, if you are in a position to invest at at age 20 or less, then 100% of your traded investments should be in securities. This also pertains to mutual funds in your retirement accounts, folks.

Example: at age 26, 94% of my traded investments (individual stocks, bonds, or mutual funds) should be in securities (stocks, or a heavily securities weighted mutual fund) according to this schedule. I'm a bit more aggressive, so I'm still at 100%. However, as I approach age 30, I'll probably be moving more to a 95%/5% (securities/bonds) split.