2007-01-25
19:06:54
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7 answers
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asked by
chasmo
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Business & Finance
➔ Investing
Basically im 30 years old , and I would like to retire somewhere around 60-65 , I was checking out a site , It got me interested http://www.finishrich.com/free_resources/lattecalculator.php ... How much do you think would be ideal to have for retirement.. while playing around on that site I was thinking about 500.00 a month to invest, youll notice on that site that the percentage is at 10% but that percentage, the return on you money can go up right?
2007-01-25
20:02:21 ·
update #1
Invest me.I am a dentist in China,I want form a best clinic in Urumqi China,and a website of dentist .need $100000. Do you interest?
2007-01-25 19:18:58
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answer #1
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answered by Anonymous
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If you're young, it's time to be aggressive...I'd say for at least the next couple/five years make sure you've got some money in global markets. I've had great luck with FEMKX , FDIVX, EUROX,and ICENX ... the last two are heavy into oil, so they're tapering off but the slightest problem in Nigeria, the middle-east, or even cold weather or trouble in the gulf and they start back up!
You can also look into ETF's....buy in smaller dollar amounts than a fund and build your own "fund".
2007-01-26 03:29:12
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answer #2
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answered by jebediabartlett 6
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Funds generally use to invest in Stocks,Debts,Bonds etc to have a right mix in Fund's Portfolio to balance the Risk involved.
Aggressive fund, invest more % in stocks, it is for Risk takers or generally youngsters who have age on their side & dont mind lossing some value of their portfolio in case of cyclical downturn in Stock Market, since they may get superior returns if everything goes well, when compared to conservative investors who comparitively allocate less % in stocks. Afterall they are Rewarded for their willingness to take more risk.
Generally formula for how much % to invest in stocks is
(100 - ones age) i.e a 40 yr old man to invest 60 % of his Investment Portfolio to stocks & balance in debt / other sources
2007-01-26 03:26:31
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answer #3
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answered by sencse 1
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-no forex-
pick a good company like troweprice,vanguard,or fidelity, i was 30 when i started investing with troweprice (32 now) i love the spectrum growth fund, getting in that one fund you end up with money in 10 or so of their aggressive funds, even in ones that are closed to new investors like mid cap value and small cap value, you get some international and emerging markets exposure, it is a really nice and aggressive fund
2007-01-26 08:07:34
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answer #4
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answered by swenjj 4
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It really depends on what time frame you want to retire in & how much you want to initially fund your investment(s) or how often, & how much you will regularly contribute to meet your retirement time frame & it's adjusted monetary goals. You have to figure for inflation, how well you want to live in your retirement, estate planning(children?), emergencies. It's also smart to have more than 1 investment in case something goes wrong with your more aggressive investment plan. "Fail to plan and you plan to fail", is the old saying. And "don't out all your eggs in 1 basket". I personally invest in MFA's for my retirement for the most bang for my bucks. These are Managed Forex Accounts. Hedging done by highly competant, experienced traders employing an approach whereby tiered multiple currency pairs are being traded simultaneously against & ideally with each other are other safety measures that better funds are protected by. Shop around & make sure you get an account or 2(best) that have verifiable, long track records of compounded profits with stable,honest traders & managers. Do your serious & complete homework.Take your time & don't let any fund mgr or pooled reps pressure you into a hasty investment. If they are stable, then there's no hurry. Then recheck everything again & defintely seek outside 3rd party verification of all information especially the honesty(background checks) & track record of trades(tax returns are better than bank records which can be faked). Best forms of verifying a fund's long term performance are obtaining certified original doc records & letters from their tax preparing firm. Check out the track record of this firm as well. They may balk but be a bulldog in pursuit of the proof of the truth. There'a lot BS being flung around out there. Only invest when you have covered all your bases. This make take some time & quite a lot of Due Diligence efforts, but would you want to do this without these DD measures? Meridian is on track now with fat returns, but it's $25k to open an account in your own name or the name of a NV or NM LLC OR C Corp,(NM LLC is better in my opinion as you can treat it as a corp for taxes if you choose to). There are pooled investor Forex (FX) funds out there but again, have ironclad contracts & fully investigate who will be controlling your pooled funds until you have the $25k to open your own outside the pool. background checks, BBB, you name it, check on it. Standard safe protocol is that the Forex trader, with specific & LIMITED POWER OF ATTORNEY(LPOA) can only trade Forex & only credit or debit your account. He/she cannot appropriate your $. Good Luck!
2007-01-26 03:49:28
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answer #5
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answered by brettrq 1
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value funds outperform growth funds. small outperforms large. so...find a good small cap value fund. make sure it is at least 4 star rated. good luck.
2007-01-26 06:30:27
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answer #6
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answered by keepingitgoing 2
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just go here my friend a once in a lifetime
http://www.globalpensionplan.net/?id=claudio01
2007-01-29 09:35:10
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answer #7
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answered by Anonymous
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