I am new in the investment world. Any advise will help.
2006-08-02 04:35:04 · 6 answers · asked by El Tigre 2 in Business & Finance ➔ Investing
If you can get 10% returns each year than you will need to save $52.50 a month for the next 15 years to have $20,000.
Its all about the compound Interest!
http://www.nabloid.com/finance/retirement/
2006-08-02 18:59:51 · answer #1 · answered by ulchka 3 · 0⤊ 1⤋
This depends on 1) how much cash you have now. 2) How agressively you want to invest that money. 3) If you plan to invest additional money over the coming years or just want to turn a sum you have now into that much by that date.
In general there is a relationship between risk and reward when investing money. If you stick your cash into CDs or government Bonds your money will grow slowly, but it's extraordinarily unlikely that you'll lose your cash. On the other hand if you invest in a small company you may make a fortune if that company turns out to be the next microsoft, or you could loose your shirt if the company goes bankrupt. In general I recommend that you invest in an S&P 500 mutual fund or ETF fund as this allows you to benefit from the generally higher returns of stocks without taking the risks of investing in individual companies, though if you already have a lot of cash and want a low risk solution it may take more sense to invest in bonds or CDs. If you'd like a specific recommendation feel free to ask: adamforcordray@gmail.com
2006-08-02 15:46:41 · answer #2 · answered by Adam J 6 · 0⤊ 0⤋
This is dependent on how much of it you're willing to risk to get the $20k in 15 years and how much you're putting up to generate that type of cash flow. Certainly if you've $100k to begin with you can easily get $20k in 15 years just using CD's at current rates you'll have your $20k and thensome in about 5 years. If you have less than try Everbank Commodity Based CD's because they have a higher rate of return than conventional CD's (they've a website...check em out). If 1st Eagle Global Fund reopens to new investors dump the $$$ there it's done very well. Finally, you could go with a quality ETF...many trade at discounts to Net Asset Value and offer yields in the range of 6-9% or more depending on how much risk you're willing to take. PEACE!
2006-08-02 14:23:09 · answer #3 · answered by thebigm57 7 · 0⤊ 0⤋
Diversify your investment
Put 40 % in bond fund
Put 20 % in money market o
Put 40% in stock fund
2006-08-02 11:38:56 · answer #4 · answered by YourDreamDoc 7 · 0⤊ 0⤋
yes, you can learn anything.
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com> streettalk university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 71,000.00 and 30000.00 in taxble account. by follow simple rule
2006-08-03 02:08:15 · answer #5 · answered by Hoa N 6 · 0⤊ 0⤋
invest in gold. the best idea
2006-08-02 11:42:29 · answer #6 · answered by jakedavis01 1 · 0⤊ 0⤋