imported post
If so, in what order?
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I did make a mistake early 2003 and my problem with it is that I knew better. (Yet another example of it being one thing to learn from a book, another thing to learn it the hard way.)
I knew it was the time to buy XMSR (XM Satellite Radio shares)--it was going to rise from being a nobody and gain popularity with consumers and investors. I thought, "I will find my tax-advantaged accounts first." and I stuck to that in spite of something within me constantly nagging me to buy XMSR first.
I funded my IRAs with good mutual funds and eventually got around to my Scottrade account...after XMSR quadrupled in three months or so. D'oh! It is not like I did not see it happening, but I stuck to my plan anyway. I missed the boat and had to swim out to catch it.
The lesson is: Tax lawshould not bea primary reason for making investment decisions, only a consideration at best!
So, my list has exceptions...now.
If so, in what order?
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- TSP (automatic)
- SEP (smallest, easiest)
- Roth
- Taxable
I did make a mistake early 2003 and my problem with it is that I knew better. (Yet another example of it being one thing to learn from a book, another thing to learn it the hard way.)
I knew it was the time to buy XMSR (XM Satellite Radio shares)--it was going to rise from being a nobody and gain popularity with consumers and investors. I thought, "I will find my tax-advantaged accounts first." and I stuck to that in spite of something within me constantly nagging me to buy XMSR first.
I funded my IRAs with good mutual funds and eventually got around to my Scottrade account...after XMSR quadrupled in three months or so. D'oh! It is not like I did not see it happening, but I stuck to my plan anyway. I missed the boat and had to swim out to catch it.
The lesson is: Tax lawshould not bea primary reason for making investment decisions, only a consideration at best!
So, my list has exceptions...now.
