The BF and I were discussing this last night. He's definitely the risky investor type while I'm ultra conservative. I'm all about the long-term savings, compounding interest after years of saving. I am loving regular high yield savings accounts, mutual & index funds, CDs, and retirement funds (401k, Roth IRA). BF on the other hand, is the risky type. He's starting a business, and he puts money in stock. Together I would definitely say we are diversifying as much as we can. His motto is "the greater the risk the greater the reward"... which is also something I'll never forget from corporate finance class back in college.
I've been playing with watching and "investing" in the stock market a little bit... by that I mean with fake money! How do I do that you ask? Check out this site WeSeed. The money is fake but the stock prices and symbols/companies are real, and so is the education and experience of trading stocks! It's fun to manage your portfolio without feeling emotionally connected because it's not real money. This would be ideal for someone watching the market and looking to invest in some stocks later, or for someone just learning about it. They have other educational tools if you are interested.
Here's my portfolio after 2 days...
In other news, I ordered a new book from Amazon yesterday by the recommendation of my blog friend elleandish. I'll post a review once I read it, I already read the first 19 pages through the Amazon preview feature and enjoyed it so much. It's a personal finance book of course!
Today at work, I'll be looking into opening up a Roth IRA. Btw, is it I.R.A. or Ira (e-ruh)?