Everyone talks about investments and how in so many years can add to great sums. Where ? With whom?

Question

Everyone talks about investments and how in so many years can add to great sums. Where ? With whom? This 5k at 8% , who gives you that , what institution ?? anybody out there know ??

Answer 1

Investing is taking risk nobody will promise you 8% but in general over 30-50 years investments in equities will go up 10-12%. Some years they go up 40% and sometimes they go down and stay down several years maybe even 15 years but the trend up. If you had bought a house 40 years ago it wouldn't have cost over about 15K anywhere in the country now it would be at least ten times that amount maybe much more. Here a house that was 15K in 1967 would be at least 300K.
Putting your money in mutual funds or stocks would have been the same way.
You have to get started to get used to the roller coaster ride but it is fun.

Answer 2

it's estimated that by the time a 30 year old retires, s/he will need to have saved 1 million dollars to live comfortably. most people do not do this. a regular savings account at a bank will only get you between 3%-5% interest earned if you put it in and leave it alone. a CD at that bank will get you about 5%-6.5% over a fixed period like 3 months, 6 mo., or 1 year, depending on the bank.

i dont know any institution that will get 8% on 5k. but if you invest in mutual funds.. which can be just as risky and aggressive as the stock market.. you can get about 12% and a better return on your investment than any of the other alteratives.. maybe this is what you are talking about.. i would suggest asking an investor company like fidelity or chase or whichever you want about mutual funds.

Answer 3

If you have a checking account, you can go to your bank and talk to the investments manager. He/she will ask you how much you want to invest, and if you want to make periodic contributions.

Get some information on what products they offer. Check out the funds, stocks and bonds they invest in, see how they are performing. You will need the name of the fund and the ticker ID. that will be a series of letters up to 4 or 5 letters long that identifies each individual stock/fund/etc. With that, go to MSN and type in the ID into the box below where the Dow Jones daily quote is. check on historical prices, and the MorningStar ratings. Anything above 3 stars is OK. It really depends on how much risk you are willing to take on. I advise you not to invest in anything with less than 3 stars.

If your company offers a 401(k), get in it. It's basically free money. For every dollar you put in, your company puts in an additional amount. So if your company offers 30% matching, for every dollar you put in, you get $1.30. Again, free money.

Answer 4

Aside from networking and pyramiding schemes, which jeopardizes more people for the sake of a few. I say that you be careful with what you’re getting yourself into.

On-line job is very competitive nowadays that it’s sometimes harder to earn than the traditional ones. Getting $0.05 for reading emails can only generate $5 for 100 Mails. (And how many mails do you think can you read a day). Pay-per-click would give you $0.01 per click with a maximum of say a hundred sites per day. You have to visit their site everyday and make a hundred clicks which will give you 100X$0.01=$1 a day. What a waste time! Ha-ha, I’ve tried so many others and even website design can’t help me generate enough income. Why? Because many newbies would offer $10 for a webpage. With the influx of web programmers, programmers can no longer ask for higher rates .

You see that I’m not an advocate of online job hunting. So, you may wonder what am I doing online all this time? Well, to give you some insights, I use my money to work for me. I have savings-investment account that help me generate better interest rates compared to the local banks here. And with one or two percent more on your savings, this can sometimes make a lot of difference.

Learn about how money works and how to have money work for you?

This is a sample program to show you how my money grew slowly...

I started with $100 in January 17, 2007...A3Union does the rest :D

Date---------------Total
1/17/07----------128.00
1/31/07----------163.84
2/14/07----------209.72
2/28/07----------268.44
3/14/07----------343.60
3/28/07----------439.80
4/11/07----------562.95
4/25/07----------720.58
5/9/07------------922.34
5/23/07-------1,180.59
6/6/07---------1,511.16
6/20/07-------1,934.28
7/4/07---------2,475.88
7/18/07-------3,169.13

Just in 6 months time, My money grew from $100 to $3,169.13!!! (Of course I know that there are still a lot of company who can offer just the same)

Answer 5

It's true. If you invest a small amount regularly in a good stock mutual fund in time it will grow to a small fortune. You need to research broad based index mutual funds. They are the way to go. Fidelity and Vanguard offer them as do other companies. But they are the biggest. The secret is time. You have to leave your money untouched for decades. It's worth it though. (IMO) First do some research because you need to make an informed decision. That's how just about everyone who got really wealthy did it. You can do it too!

Answer 6

If you invest 5,000 in an investment and that investment increases 8%, you now have an investment worth $5,400.

Example, if you purchased 5,000 shares of a $1 stock, after the 8% increase you now have 5,000 shares at a price of $1.08.

This is a gain on paper only, the only way you can actually realize this gain and get your $5,400 is to sell your shares.

So, you question of who gives you that is the person who buys your shares from you.

Answer 7

No one. You should invest in yourself first on investments knowledge, a few thousand dollars of hard earn money can be gone in just a matter of minutes if you are not careful.