I'm starting a 401k plan through my job but I know nothing about such things. I've got 45 years ahead of me before I retire so I can take some risks. How do I know where to put my money?
2006-09-20 13:49:11 · 6 answers · asked by mbleier268@verizon.net 2 in Business & Finance ➔ Investing
Sounds like you are young. My advice is to contribute the maximum amount allowed by your employer. Put them money in a good mixture of growth and agressive growth funds. Don't put all of your money in the same options. As you approach retirement you will want to move money into less agressive investments like bond funds.
2006-09-20 13:55:33 · answer #1 · answered by Anonymous · 1⤊ 0⤋
put the max amount of money in your 401K up to what your company will match. 10% should be in a money market or bond fund that gives you at least 5% return. 45% in moderate risk funds like a blue chip growth or index fund. The remaining 45% in high risk real estate, international or science and tech fund.
2006-09-20 14:21:07 · answer #2 · answered by mforg1 1 · 0⤊ 0⤋
Contribute only as much as the company will match 100%. Pay your taxes on the rest and save about twice your 401K contribution in your own savings "retirement" account. Do NOT borrow from it until you retire.
2006-09-20 13:59:50 · answer #3 · answered by waplambadoobatawhopbamboo 5 · 1⤊ 0⤋
so which you decide on suggestion on some constancy mutual money??? i could positioned a minimum of a million/4 of your 401K money into Contrafund, FCNTX. it rather is actual constancy's suitable fund, he's overwhelmed the S&P in entire returns over the final 30+ years, which i've got self belief in trouble-free terms 3 or 4 different mutual money may additionally declare to have executed. After that, i think of it is appropriate to place maximum folk of your earnings a low value index fund. positioned in step with risk 50% in the Fid. entire inventory marketplace index fund, and doubtless the final a million/4 in a international index fund. constancy's index earnings trouble-free terms cost .10% in each year expenditures, whilst in comparison with a million.00% for the familiar mutual fund. the less you pay now in expenditures, the greater money you may proceed to advance.
2016-12-12 11:59:26 · answer #4 · answered by ? 4 · 0⤊ 0⤋
I highly recommend the Motley Fool website to learn about this stuff.
Just recently became interested in this area of life & have found the Motley Fools bursting with helpful information. Ditto for Morningstar.
After you read a bit than you can make a more informed decision.
Oh, & buy some gold.
;-)
2006-09-20 14:00:03 · answer #5 · answered by WikiJo 6 · 0⤊ 0⤋
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 section 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 74,000.00 and 30000.00 in taxble account. by follow simple rule
2006-09-20 18:15:06 · answer #6 · answered by Hoa N 6 · 0⤊ 0⤋