2007-04-08 15:21:05 · 11 answers · asked by muzeek_2_heart 1 in Business & Finance ➔ Investing
If for retirement, open a Roth IRA (or traditional depending on your tax expectations and income levels). If not for retirement, open a brokerage account (zecco.com is free if you have $2,500!)
2007-04-08 15:28:13 · answer #1 · answered by Sergio 3 · 0⤊ 0⤋
Well it depends on when do you need the money after you invest. If you are looking for 5years or more stocks, mutual funds and ETF. Short term better bein maoneymarket account, cd or short term bonds. Very long term Real Estate because the boom just past and it will take 10-15years before wesee a new boom in real Estate. IRA and Roth IRA are very long term you and you should withdraw when you are 59 1/2 years old same thing with 401k. Good luck and happy investing.
2007-04-08 16:31:13 · answer #2 · answered by Leonb 2 · 0⤊ 0⤋
It depends on time and risk. For instance if you knew your refrigerator was going to probably die on you in 5 years, chances are you would want a less risky investment to come up with the money to buy a new refrigerator. You can be a little bit more aggressive for a goal 20 or 30 years down the line because the market goes up and down and you have a better chance of hitting near a good top and sell before the market drops.
$30,000 in a money market can get you free furniture, appliances, major car repairs and new computer every five years for free even after taxes. This stuff you know will break down in a relatively even pace. This money can also double as your emergency fund when you loose your job for instance.
$26,000 in something like the ETF SPY, should be able to get you a free decent car every 20 years for free (even including taxes) and is adjusted for inflation.
2007-04-08 18:27:01 · answer #3 · answered by gregory_dittman 7 · 0⤊ 0⤋
Take a hunk of money, invest in a good stock that has a Dividend Reinvestment Plan and don't think about it ever again until it it time for you to retire. Some good companies that have DRIPs are McDonald's, Procter & Gamble, Dominion Resources - but there are many. All your stock dividends are automatically reinvested to buy more shares. Just let the number of stocks grow over the years simply from automatic reinvestment of dividends. Add more money now and then if you like - or not.
You're young enough - over 40 years, you can accumulate a nice stack of stock.
2007-04-08 16:22:20 · answer #4 · answered by kathyw 7 · 0⤊ 0⤋
First of all, a 401K is not an investment, it is a savings account. It does run out! Now, the best investment you can make is into yourself - your education! I don't mean "formal" education, as in college, etc. I mean your financial and/or spiritual education. Determine what it is you want to be or where you want to be in life and invest in the education that will allow you to reach these goals.
My mentor tells me all the time that if you work hard on your business, you can make a living, but if you work hard on yourself, you can make a fortune. These are very powerful words. Work hard on educating yourself in whatever area will help you become successful and your money will be well spent!
To your success...
2007-04-08 15:35:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Well the answers you have already received are ok but it really depends on what is your goal? Do you want to create a retirement? Do you want to create a monthly income now? What do you have to invest now? Do you want to have a retirement account of 1 mil or more at 65? Write to me at billone44@yahoo.com and I will be better able to help with your question
William Galloway
2007-04-08 17:24:27 · answer #6 · answered by billone44 2 · 0⤊ 0⤋
You could go into this investment called "Land Banking"
S - Its stable
H - Its hassle free - (There is no need of monitoring...)
A - Affordable ( even a cleaner auntie invested )
R - Return are incredibly high 24% per annum compounded.
P - 100% Capital Protected.
Do u need to know more??
2007-04-08 17:50:57 · answer #7 · answered by Animal 1 · 0⤊ 0⤋
My favorites of this group are; TRBCX 70% - 75% ACINX 30% - 25% This would leave out small & mid cap..... since there are no good funds in this group (Dreyfus is especially mediocre). Your best bet may be to put 100% in the T Rowe Price Target Fund (appropriate for your age)
2016-04-01 04:24:10 · answer #8 · answered by Anonymous · 0⤊ 0⤋
if you can leave it for long term, a Roth IRA is good. It earns money tax free and is tax free when you withdraw the money at retirement age.
And, like the other answer,, real estate is good ,, don't think they are making any more land,,,,,
2007-04-08 15:28:46 · answer #9 · answered by Jo Blo 6 · 0⤊ 0⤋
Assuming you are referring to retirement only, invest in ROTH IRA.
2007-04-09 13:03:56 · answer #10 · answered by Anonymous · 0⤊ 0⤋