How to invest my money?

Question

I am a 24 year old male, i travel all the time for my company so i dont even own a appartment.There is no point i am at home only 10 weeks a year, so i visit my family when i am off.I have about 600week to invest after bills and needs.I wana invest but i dont know little to none on investing.I wana take the right steps while i am young and makeing a great amount of money but i dont know.Also i am single with no kids if that helps.I would like to see a short term return for at first then go into a long term after i see progress.

Answer 1

The easy way? Plop it in a savings account, then roll some over into certificates of deposit when you get a pile that qualifies for the good interest.

Similarly, another easy way is to hook up with Treasury Direct, the new Federal bonds are not like the old, they pay better. When you hear news of inflation in the future, be sure to know the way, because the TIPS (Treasury Inflation-Protected Securities) are a good way to keep the value from getting lost.

Still, the stock market, over time, will almost always, over time, grow bigger value than interest from savings accounts or bonds. One of the biggest innovators in mutual funds, a fellow named Bogle, insists, over the long run you can't outperform the stock market anymore than you can beat a casino over time. So there are collections of companies that are bought together, called mutual funds. When some are down, others are up. One of the best things to happen to mutual funds in a while are ETFs (Exchange Traded Funds).

Look up some of these IYY (Dow Jones Total Market Index), NYC (New York Stock Exchange composite), NY (the biggest 100 companies on the NYSE), IOO (the 100 biggest Global companies). The costs of these funds is dirt cheap because they don't have managers constantly churning the stocks to bolster their paycheck (well it is a little more complicated, but that is part of it).

These are essential ingredients to low maintenance investing.

Answer 2

first max out all your IRA,401K and pay off all your bills.

Short term, savingsCD, if time frame is less than 18 months.

Long term- 25% each as follows mutual funds, international growth, wilshire 2000, s&p 500 and energy/precious metal.


Really aggressive- investors Business Daily 100.

Truly,
You should learn enough so you will become the reference to others. Investing is a skill that is as important as cooking, computers ECT. It is all free on the WEB. Just start reading. It can be eciting, wait till you find your first 10 bagger. (1000% return).
Invest, live long and prosper.
The Dude

Answer 3

I'm not a certified financial planner, but if it was me, I'd put half in a Roth IRA, and, depending on your willingness to take risks, Bank CD's offered by brokers( they are a bit different than regular CD,s),tax-free bonds or high-rated corporate bonds, mutual funds, or stocks. Sorry, I can't recommend any. That's up to you and/ or broker.

Answer 4

why r u not investing $50,000.00 on purchasing a real estate investment system.
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Answer 5

if i may ask what is it that you do???