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Old 03-15-2006, 04:38 PM
PokerAce PokerAce is offline
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Join Date: Jan 2005
Posts: 2,582
Default Another Clueless Beginner Here

I just got done figuring out my taxes for 2005. The good news is that I owe significantly less than I was figuring, so I have some extra cash available. The bad news is that in terms of investing, I only know a little - just enough to be dangerous. I do plan on buying some books and learning, I just don't have the time right now.

I need to open an IRA and put the $4,000 allowed for 2005. I'm planning on opening a Vanguard account to do so. I would also like to invest the extra money I have. Right now I have most of my money sitting in the high interest online savings accounts. As I said before, I don't know enough to trust myself with deciding where to put the extra money. Any suggestions would be much appreciated.

I apologize for the newbie post. I hope to eventually learn enough to be able to contribute something useful to this forum.
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