Question - January 2012
I want to get really serious about saving and investing in 2012. Any suggestions?
Jessica, Ramona

George's Answer
The mere fact that you realize it is time to get serious is a step in the right direction. The best way to develop the habit of saving and investing is to make it as simple and automatic as possible. The more you have to work at it, the more likely you will find an excuse to break the habit.
 
If possible, start where you work. If your employer offers something like a 401(k) plan, consider getting enrolled so pre-tax dollars can be deducted from your paycheck each month and put to work in a savings or investment that matches with your goals and objectives. And, there might even be a chance you employer matches a portion of your contribution, so you get an immediate return on your investment!
 
Another option would be to explore investing in mutual funds that also provides a systematic plan for investing. Most will let you get started with small amounts of money if you agree to commit to an ongoing investment plan. Check with the LPL Financial registered Financial Consultant at your San Diego County Credit Union branch for some suggestions.
 
And, consider investing in some books that will help you understand the nuts and bolts of investing. I am a big fan of "Dummies" books that are easy to read and actually make the subject entertaining.
 
Good luck!

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