{ 5 comments… read them below or add one }

1 MS April 7, 2009 at 2:11 pm

Skip the dividend stocks. Just keep an ample amount for emergencies and short-term needs in a savings account (or CD, if you want to get fancy), and put your long term (10+ year) savings in a Roth IRA, 401(k), or a low-fee taxable index fund comprised of stocks.

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2 MS April 7, 2009 at 2:12 pm

Oh, and ING Direct is a fantastic bank. I have a checking account and savings account with them.

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3 LittlePeopleWealth April 7, 2009 at 11:09 pm

ING is great 🙂 I have been with them for years.

Dividends are riskier, but I wouldn’t count them out. Out of the few stocks I do have, the dividend ones are doing the best under these economic conditions 🙂 Pair that with the “low” price on some value stocks and you have a pretty good option if you are looking at long term stock plus the shorter term dividend rate.

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4 FIRE Finance April 8, 2009 at 6:55 pm

Thanks for the mention 🙂

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5 LittlePeopleWealth April 22, 2009 at 4:33 pm

You’re welcome 🙂 I thought you had a great article!

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