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Sunday, November 9, 2008

New Savings Funds

To all my personal finance blogging peeps, I set up two separate accounts with ING. One is a house fund for the down payment I will surely need for any decent mortgage when it comes to buy a house or condo. The second account is a Europe vacation fund. I feel like I'm becoming one of those workers who will never take a vacation unless I am either forced or unless I make it a point. So I've decided to save a bit of money so I can go back to Europe sometime in the next few years and see the things I missed while studying abroad. I'm pretty good about saving money when I put my mind to it. With my expenses dropping considerably at my new apartment I feel that money saved will go to good use in these savings accounts.

I also invested a little money in the stock market as well. That may be a less wise move, but I really have faith in this stock. I still think there is money to be made in the market, even when it's down! Keep and eye on Evergreen Solar (stock symbol: ESLR). It's a local solar panel manufacturer and if they're plans flesh out as they're planning, they're going to be huge. I've also got a couple financials on deck for investment that have performed well for me as well. They didn't buy that poison bad mortgage paper like banks like Lehman and insurers like AIG. I believe in their fundamentals. They're names are ING Group (ING) and Anally Mortgage (NLY).

1 comment:

Anonymous said...

I am TOTALLY addicted to ING - have had a savings account with them for years. I love everything about them, so I opened another savings trust for my stepdaughter and now I have investments with ShareBuilder, which they own. I have a lot of respect for a company that didn't get involved in the whole subprime mortgage debacle.