I have no idea about markets or funds - in every example Ihave come across they use a rate of return of 7%. Where do I find something like this?
2007-07-17 08:49:22 · 4 answers · asked by Jeannette z 1 in Business & Finance ➔ Investing
First - educate yourself. Check your local college or adult ed program for a class in basic investing or finance. You don't need college credit, but you do need some basic information. Another source of good information is some of the books written by Andrew Tobias. Go look him up, and do some reading. You can also go to the financial section of yahoo, and find some information, but be warned that some was put there by people that want to sell you stuff. The motleyfool.com is a good source of information, with the same caveat.
Next I would find a for-fee financial analyst/advisor, and talk to them. You will pay perhaps $300-500 for the consultation. Expect to bring in documentation of your entire financial situation - banking, mortgage, insurance, investments, saving, taxes, etc. The analyst will look at your situation, find any gaps you may have, and then make recommendations for your situation.
There are people who do this for "free", supposedly. In reality, they are paid by the companies whose products they sell. That means that they will tend to steer you to products that pay them well, rather than ones that best meet your needs. This is not in your best interest.
2007-07-17 09:13:23 · answer #1 · answered by Ralfcoder 7 · 0⤊ 0⤋
Well for starters, what are your investment goals, is this money for short-term, long-term, retirement? What your goals are make it very important what your investing in and in what type of an account. Assuming your asking this question I'm going to say stick with mutual funds for long-term, and money markets or cd's for short-term. Check out a discount broker, Fidelity, Vanguard, or Schwab and educate yourself before making a decision. You can go to their websites and look at performace of various funds and investments
2007-07-17 15:57:24 · answer #2 · answered by Jeff M 3 · 0⤊ 0⤋
BOA is offering 30 free trades per month. The catch is you have to put 25K into a money market or CD with them to qualify.
2007-07-17 16:02:49 · answer #3 · answered by jck_kerouac 2 · 0⤊ 0⤋
call my financial advisor at Moreland Capital Mgmt. there # is 208-578-7931 and you can visit their website too.
www.morelandcapital.com
2007-07-17 15:55:05 · answer #4 · answered by hthwang3 1 · 0⤊ 2⤋