2006-12-31 00:14:43 · 5 answers · asked by Anvil dale 1 in Business & Finance ➔ Investing
They can all be good long-term investments, they can all be lousy long-term investments too. Do not buy any of these things until you understand what they are. Do some Internet research, and get a good book or two on personal investing. You do need to be making long term decisions and I recommend buying into Mutual Funds, but it's more important that you understand what you're putting your hard-earned money in to first.
2006-12-31 00:26:04 · answer #1 · answered by KC 4 · 0⤊ 0⤋
Mutual Funds are he best way to go. Your money in managed by a pro. and if you add to your account you will be in good shape over the LONG TERM. A mutual fund has stocks and bonds it depends on the fund you pick. Go to Vanguard.com and look at the Equity Income Fund it does well. You Will save a lot of money on commissions. This is a no load fund with low expenses. Vanguard has been around a long time and is very well respected. Good Luck If I can be of any help I am here.
2006-12-31 02:21:19 · answer #2 · answered by ? 6 · 0⤊ 0⤋
I congratulate on your determination to start making an investment. i think of the faster you commence the greater effectual this is. even nonetheless, i'm no longer a huge fan of mutual money. For as quickly as, distinctive the mutual money will lag at the back of an index fund after factoring in for administration costs. 2d, i think of you ought to do a much greater effectual job making an investment for your self immediately in the inventory marketplace provided you have finished adequate examine. So i could say, index money are the main suitable thank you to pass on condition that they grant greater effectual returns than mutual money. in the mean time, examine examine examine to be certain greater concerning the inventory marketplace. bear in concepts, the inventory marketplace is the only marketplace the place purchasers run for the exits whilst there's a sale (refering to the corrections, drops, etc). So being a contrarian could benefit you.
2016-10-06 06:15:23 · answer #3 · answered by ? 4 · 0⤊ 0⤋
As a general rule... the answer to your question is yes. I started at age 40. I've done well. I wish I had started at age 21. I'd be able to retire (now) if I had.
Start early. Don't gamble. Understand what you're investing in. Understand "asset allocation".
Good luck!
2006-12-31 00:25:24 · answer #4 · answered by Common Sense 7 · 0⤊ 0⤋
A Ferrari Enzo in your Garage.
2006-12-31 07:04:33 · answer #5 · answered by Anonymous · 0⤊ 1⤋