Feb 28 2009
Tips for Boomer Investing #5
This is the fifth tip for midlife investing in a series of five:
TIP # 5
Last night I received a phone call from RCI. (A time-share exchange company.) The young man was trying to persuade me to buy into a cruise vacation plus 2 week vacation package deal. Cost: only $2,490 for two. Wowsa! Sucha deal!
A half hour before he called I was busily working on my tax return for 2008 so money or the lack of it was on my mind. Bad timing for the salesman. But it got me thinking about tip #5 for midlife investors: Invest in your dreams!
True, I was not prepared to use my credit card to pre-purchase a cruise/vacation right then and there. But the price quoted was not outrageous. And with a little preparation and planning, it might be just the thing to enjoy sometime in the future. (RCI might have gotten a better response if they had sent me a series of postcards letting me know the phone call was coming… whet my appetite, get me thinking, make me think I had won a prize when they called out of the blue! – but that’s a marketing isssue for another time.)
Saving for a dream is the fifth tip for midlife investors. Take those initial ideas, expand them, go to the edge of your thoughts and then push a little further. Dream the future into being. You can do it.
Invest in your dreams.
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Review all the Investment Tips for Boomers in this series:
