You have been working for you father for 5 years and have made just enough in that time to pay off a 3 bedroom 1 bathroom house with 3 acres of land you have 2 kids age 5 and 7 and a small bulldog and of course a lovely wife that amazingly enough likes to invest instead of spend all your money with all your money combined you can afford to invest $7,000 each year you are working. After all bills are paid and and taxes set aside for your property
you need to set aside money to help your kids go to colledge colledge will cost a total of $400,000 by the time they are ready to go life insurance for both of you and a 25,000 securty blanket incase something goes wrong and makeing sure the insurance copany will cover you and your wife with a little extra to spare you were born in 1979 on dec. 31st at 1159pm you were born in witchita K.S.and you have lived there ever since and plan to
2006-12-23
23:16:27
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4 answers
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asked by
Talking Hat
6
in
Business & Finance
➔ Personal Finance
retire there in your house you bought and own you must account for a new car every 5 years there
is a 559 dollar increase in the amout you can investvery 2 years your wife is exactly 1 month younger then you
your ultimate goal is for you and your wife to retire in 2039 and not having to work once again that year starts in knowing you know you should be investing so you begin to get agressiove you want a very diverse investment porfolio and you want long term investments you are a bit of a risk taker but not foolishly how do you start to invest todays date is jan 1 2007 happy late birthday
THE QUESTION IS IF THIS WAS YOU RIGHT NOW IN WHAT WAY WOULD YOU INVEST YOUR MONEY TO HAVE ENOUGH FOR RETIREMENT FOR WHEN YOU GET OLDER WHICH COMPANIES, STOCK, OR MUTURAL FUNDS OR CD'S ECT ABOUT 50 YEARS AGO YOU WOULD HAVE BEEN CONSIDERED A GENIUS TO INVEST IN DUCT TAPE
2006-12-23
23:17:06 ·
update #1