• Give a Gift
  • Customer Service
  • Promotions
  • Videos
  • Blogs
  • Win
  • Games

November 12, 2007

The Investment Diaries

Share
Special Offer

I procrastinated — first for a week, then six. What if I bought all losers? How could I choose between similar-sounding mutual funds? What kind of treasury bonds did I need? Fortunately, I had an MBA friend who owed me for editing his grad-school application essays. In an hour-and-a-half on a rainy Sunday, he answered my questions, listened to my loose framework of a strategy, and showed me how to put it into action. He helped me find funds that got me exposure where I wanted it (some emerging markets, a mix of domestic stuff) with fees a fraction of what I'd always paid. For the first time, I felt like I actually understood something about investing — that win, lose, or draw, I had allocated my money in a way that made sense to me.

All my financial life, I'd assumed that money managers had some preternatural power to outsmart the market and keep my precious net worth from deteriorating. But I've learned that, at least at my level of investment, superpowers are an illusion. I don't need a get-rich-quick scheme, I need a return that mirrors the market and, with luck, does a little better now and then.

I've got big plans for my money — soul-expanding trips, retirement, and college for my hypothetical kids should I ever get my love life sorted out. For now, I'm comfortable working toward these goals on my own, being fiscally responsible for myself. Though it always helps to have an MBA friend on speed-dial.

Check out The Marie Claire Guide to Getting Ahead
The game of life? Win it, easy. How to put your bank account and your career in fast-forward.


Share
Connect with Marie Claire:
Advertisement
horoscopes
daily giveaway
One (1) winner will receive a year’s supply of makeup products from L’Oréal Paris (ARV: $188) and a year’s supply of hair products from L’Oréal Paris (ARV: $108).

One (1) winner will receive a year’s supply of makeup products from L’Oréal Paris (ARV: $188) and a year’s supply of hair products from L’Oréal Paris (ARV: $108).

enter now
You Know You Want More
More From Career Tips
How to Score a Job at Nasty Gal

When the hiring manager gives you advice, you listen.

10 Things Arianna Huffington Wished She Knew In Her Twenties

The influential The Huffington Post founder Arianna Huffington discusses the importance of talking kindly to ourselves, occasionally disconnecting, and handling the harshest criticism.

post a comment

Special Offer
Link Your Marie Claire Account to Facebook
Welcome!

Marie Claire already has an account with this email address. Link your account to use Facebook to sign in to Marie Claire. To insure we protect your account, please fill in your password below.

Forgot Password?

Thanks for Joining

Your information has been saved and an account has been created for you giving you full access to everything marieclaire.com and Hearst Digital Media Network have to offer. To change your username and/or password or complete your profile, click here.

Continue
Your accounts are now linked

You now have full access to everything Marie Claire and Hearst Digital Media Network have to offer. To change your settings or profile, click here.

Continue