I've been looking at bonds but not too sure about them. Also looking at stocks but their also risky. I just don't want to to be working for the rest of my life. I do want to retire comfortablly in peace. Any sain advise will be much appreciated. Thanks
2006-10-10 11:48:19 · 8 answers · asked by azhane1c 1 in Business & Finance ➔ Investing
others have given some good advice
allow me to add my "2 cents" worth
assuming you have a long term horizon...
look at these close-ended mutual funds for their dividend yield
IAF, IFN, USA, ASG, GIM, RNE
Also check out the "wisdom tree" ETFs...fairly new...
they are dividend driven...which makes for a good long term hold
avoid "get rich quick" stocks for the most part
no more than 20% of your total investment $$$ should be in highly speculative stocks...a make sure you put a stop limit on any spec buy...protect your gains and limit your losses...
for bonds...there are plenty of mutual funds that will produce a "good" return over time...avoid any bond fund that has a "load".
Vanguard has a pretty low operating expense for most of its funds...
but I would hedge my bets on bonds by getting a "growth and income" fund...a blend of stocks and bonds...they have the safety of bonds for some $$$$ and the possibility of growth with other $$$....Kiplinger's, Money and Consumer Report issue reports on the best mutual funds in each category
good hunting!
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2006-10-10 19:00:48 · answer #2 · answered by mlm_sifu 2 · 0⤊ 0⤋
My husband and I invested in a retirement fund. We only put in 25,000 each and by the time we are both 59 1/2 we will both have over a million. IM me if you want more info. You cannot take money out though because you will get penalized severely. Also you have to pay taxes on the interest once you cash out at 59 1/2. Good Luck! Any sane financial planner will be able to help with this one. Sorry I am a nurse lol.
2006-10-10 18:51:51 · answer #3 · answered by natmys333 4 · 0⤊ 1⤋
I think you are forgetting about risk/reward. You can probably get 5.5% FDIC insured or say 40% on some lucky stock pick (or 40% down).
I would check fool.com for some ideas and spread into several investments.
Depending on how long do you have till your planned retiremed, the split would be different
Check out I-Bonds (US Gov), ETF's and Index Funds
Whatch out for commission and mgmnt fees.
2006-10-10 22:06:04 · answer #4 · answered by Alex A 1 · 0⤊ 0⤋
There are some decent high yield bond funds that are traded like ordinary stocks. I think the best are from Eaton Vance fund company (http://www.eatonvance.com/closed_end/index.php).
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