I have about 1000 dollars extra every month (after all my bills and frivolous spending) I am 25 yrs old and single, How should i invest this ? Roth IRA ?
I am looking for options, not real estate or multi level marketing or other "get rich" options.
What should i do ?
2006-11-29 17:50:58 · 11 answers · asked by YO Y 2 in Business & Finance ➔ Investing
roth ira is a good idea, but you can only put a small amount per year. if you can participate in a 401k, do that. better yet, if your employer has a roth 401k, do that. 401k's have much higher annual limits than ira's.
2006-11-30 00:41:38 · answer #1 · answered by Ovrtaxed 4 · 0⤊ 0⤋
Roth IRA is a good start, how about your 401K or IRA? Do you have stock purchase plan where you work? Do you have a mortgage? if no, you may want look for a small property *which I think you're single @ 25*, this would be good since you are paying rent right? sock away $200-300 into a savings account.
2006-11-29 18:45:52 · answer #2 · answered by JNC 2 · 0⤊ 0⤋
A Roth IRA is a good start. If you need help with this you can contact Primerica which is a financial firm and ask for Roy. he can help you with this. Call 630 368-1888 and tell him Pat told you to call. He can answer any questions you have about investing.
2006-11-30 11:58:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
at this age, you should be 100% in stocks/equities. There a $4000 limit on how much you can put into a Roth each year.
However, you can open a mutual fund account to make monthly deposits. I would recommend a fund that mimics the SP500.
I also like: Vanguard Equity Income Fund (VEIPX). That is were I have some of my money.
2006-11-30 01:44:00 · answer #4 · answered by kazmier 2 · 0⤊ 0⤋
Hi Jaden,
I suggest you to start your own forex/cfd trading. You should invest some amount for the education or you could educate yourself from the books.
If you don't want to trade yourself then you may find trader who accepts private investments.
I'm forex trader and accept private investments. I pay to my investors at least 5% monthly for 12 moths. Minimum investment amount is US$2000. If you decide to join me then PM or e-mail (press on my name) and I provide you with further investment details.
As you probably know December is very volatile in currency trading and it could be extremely profitable to start investment now.
Furthermore you could create very profitable investment strategy by investing every month.
Hope for long and successful collaboration
2006-11-29 19:56:34 · answer #5 · answered by VP 3 · 0⤊ 0⤋
Invest in the Forex, but manage your own money. I use a platform which brings in about 34% ROI on a monthly basis. www.simple4xinvesting.com
Best Regards
Chris Thomas
541-554-8140
2006-12-01 13:19:05 · answer #6 · answered by Chris T 2 · 0⤊ 0⤋
if you have that much extra, put about 1/2 to 2/3rds in bonds or a mutual fund, and the other half into some nice blue-chip stocks like big oil companies, microsoft, boeing, or other stocks that aren't too volatile. then jus let your money grow. if you wanna take on some risk, go to a brokerage and talk to them about what to buy
2006-11-29 18:02:19 · answer #7 · answered by C_Millionaire 5 · 0⤊ 0⤋
I have several friends who have opened up ROTH accounts and they reccomend that option. Our generation has to have something to retire with. especially since we're expected to retire at age 70....
2006-11-29 18:03:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Printbizforcash.com
2006-11-29 18:09:47 · answer #9 · answered by Jimmy L 1 · 0⤊ 0⤋
Here's a good broker for a situation like yours:
http://www.best-stock-trading-systems.com/sharebuilder_review.html
2006-11-30 20:51:08 · answer #10 · answered by Anonymous · 0⤊ 0⤋