“Money is an exhaustible resource.” —Gail Vaz-Oxlade
Our first task this week was to choose some investments.
I truly didn’t have a clue where to start doing this. I actually still don’t, so if you’ve had success with this please let me know!
Google has so far led me here: TMX Market, which seems to be a right type of place to look at stocks, but I haven’t had the brainpower to seriously investigate yet. I am going to be easing myself into this string of tasks.
Thankfully Gail is reminding us that it’s okay to make mistakes. After all, it’s only pretend money at this point!
Remember the Golden Rules
Gail gave us a few more tips as we start to look at investments.
Taking a Gamble
Even if investing feels like a bit of a gamble, stay away from taking a gamble on your retirement. Gail does make the distinction between using funds budgeted for entertainment to buy lottery tickets and buying lottery tickets as a retirement plan. If it’s in your budget and for entertainment, that’s you’re choice.
How did you do with this week’s tasks? What did you learn from choosing investments to watch?
New to the Money Master Class? There’s still time to get started!
Check out this tweet to see all of Gail’s #MoneyMasterClass tweets from the start.
Check out my weekly recaps to get caught up.
Start here with the Money Master Class Intro and Week One Recap
Missed last week? Find it here: Week Twelve Recap