i am 25 i have a 401k where else should i invest?

Question

i have bought a house and i don't want to put money on the same account

i want to be able to add money every wek

Answer 1

Try a Roth IRA at Scottrade. You can put money into both your Roth IRA and 401K

Answer 2

Holy Crap, kick @ss! At 25, I bought my house at 23 but didn't invest out side my 401k till I was in my mid 30's. You are going to be wealthy as long as a woman doesn't take it all.

The Roth Ira is a good idea as someone else suggested above.

CD's are poor you will lose money when you take inflation in to account. Any investment that doesn't return at least 4% a year will lose money to inflation. emigrantdirect.com has a savings with no minimum or fees for 5.05%, I have one and Suzy Orman talks about them on her TV show.

You can buy stocks directly from computershare.com and others but you would need to research the stocks you want. I go for the long term buy and hold strategy with dividend reinvestment (drip). So I buy stocks like Exxon Mobile, Aqua America, and others every month. This takes some work.

You can also buy EFT (exchange traded funds) and mutual funds from sharebuilder.com and others. You can even buy EFTs that represent a market, like a fund that tries to capture the real estate market or the commodities market, or the energy market or whatever. This also takes some work, I also go for the long term buy and hold here.

I'm cheap and I don't want to pay a bunch of fees or brokers comissions. That's why I’m willing to put in the research time. I invest about $400 a month and a $40 borker commisison is a 10% loss right out of the gate! I also do "dollar cost averaging" where i buy every month weather a fund or stock is going up or down. With a buy and hold strategy i buy few when the price is high and more when it's low but the markets over the long term go up so they make money, usually over 10 to 12% in the long term.


I am sure someone is going to suggest and annuity. H E double hockey sticks NO. The fees are huge, way huge. Why do they all want you to get an annuity? Because they make a ton on commissions and fees. There is a very very small portion of the investing population that an annuity might, big MIGHT, be right for. In fact the fees and commissions are so big that most people lose money on them especially when inflation is counted.

Answer 3

What are you interested in? What do you want to be a part of?

A coworker was impressed to no end by his favorite donut shop, Krispy Kreme (KKD). I helped him avoid the hard times when they had financial difficulties, so he sold it before the big slide, but bought again when it was near the bottom. He's more than doubled that investment in the last year. He used sharebuilder, which features an inexpensive monthly investment in the stock of your choosing.

Now, I'm not selling you on donuts or even a brokerage firm, but if you find what you want and want to plug in an extra $50, 75, or 100 periodically, it is worth consideration. Over time, and this is commonly called dollar-cost-averaging, you will be buying more when the stock is relatively low and buying less when the stock is relatively expensive, so that it averages out with a good purchase value. May I suggest an Exchange Traded Fund, symbol NY, which is part of the top 100 (by market value) of the New York Stock Exchange listed stocks. Here you are buying value from the biggest of the big who got big by doing big things in a profitably big way. It has a low expense ratio, 0.20 percent (try that with mutual funds), and is selling really close to its Net Asset Value. Give it a thought, but better still is something you really enjoy. My wife likes the clothes at Coldwater Creek and it isn't a bad choice for the long term either (CWTR).

Good luck.

Answer 4

A. Don't invest in any specific stock or fund suggested here.
B. If you're maxed out on a 401K.... The next thing should be a ROTH IRA.

Good luck!

Answer 5

Pork Futures, Plastics, or Frozen Orange Juice... if there is anything that 80s movies taught me, it's how to invest!

No, in actuality, I would suggest real-estate, right now. The market is down right now and all signs point to it going up.

Answer 6

I have a friend that put 23,000 . and he receive 5,300 a month
so imagined 5,300 every moth he have in the end of the year 62,400.
but you cool start wet 3,968.92

for more inf. [e-mail]

Answer 7

You're rich. You could give some of that money to me and call it an investment that will pay out when you go to heaven.

Answer 8

put it in stock market for high yield or bank fixed deposits with low risk low yield

Answer 9

CDs and low-risk stocks and bonds

Answer 10

HSA.

I also suggest you to buy life insurance for your grandparents and for your parents.