I'm 24, an engineer for a large semiconductor corporation. I earn about 70k a year, I own a house, and a car (both of which I am still paying). I am interested in real estate and was thinking of purchasing another property and leasing it out to supplement my income.
Another possibility is that I should invest in stocks. I am already involved through the company I work for, but I hardly manage it. Like I have corporate stock and a 401k, but i heard from my friend that I should get into Roth iras and other accounts like that.
Should I got to a financial advisor? Are these questions that a financial advisor would know? Like I understand that it's my money and that I shouldn't let anyone sway me to put my money where i don't want to put it and it's ultimately up to me how and where my money gets spent, but I would like to know the feasibility and the risk analysis of these ideas.
Ultimately, my goal is get supplemental income at the end of the money. Can someone help me out?
2007-09-25
19:04:41
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7 answers
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asked by
whodroppedthepotato
2
in
Investing