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Messages - Forever Summer

1
My cousin is about to start college in the fall at our local state school.  He was asking my advice on student loans.  I like to think I'm good with money, but I honestly have no idea what to tell him because its been so long since I was in college and also my parents paid for it (it was relatively cheap since I went to state school and lived at home)

I guess what I'm asking is, how does he go about getting private loans?  Is is like getting an auto loan from a bank where you look online at the best rates each bank has?  How does the approval process for loans work?  Sorry to be so vague, I just have no idea how these loans work but I hear everyday how awful private loans are and I don't want him to get scammed.

Thanks.
2
Investing / How to Invest $250 per month
July 20, 2015, 03:09:23 pm
I consider myself fairly good with money, but for some reason I ma always confused on the best way to invest.

I am 30 years old and up until now any extra money has been going to my savings account at my local bank.  Now that I've hit my 6 month emergency fund and am maxing out my IRA and 401K, I want to know how best to handle my investments.  I have about $250 to invest per month, but I'm unsure of the best way to do this.  I hear on TV about ETFs and Mutual funds and how I should "dollar cost average" by putting in money continually like once per month.  So here is my question:  By putting in a relatively small amount per month, $250, wont I incur high fees for doing it that way?  Should i instead put it into the cash account and invest it once per year?  Thanks!