I am a beginner at this sort of thing and would like to be really carefull where I put my money in. I need pretty good sites and the right tools to help me make the right decision.
2007-12-05 18:59:42 · 10 answers · asked by zermenoj 3 in Business & Finance ➔ Investing
Open an etrade account and do your research.
2007-12-05 19:04:33 · answer #1 · answered by Sven B 6 · 1⤊ 3⤋
Here is one thing to keep in mind about the Roth IRA account. There is never any tax on it where as there is on your 401k. This becomes important when considering your asset mix. Income producing investments are taxed at the full tax rate as will be your 401k. Hence it makes sense to invest at least some of your 401k in income producing assets--bonds, LPs, REITs. The income from each of those is taxed at the full tax rate anyway. Now since the Roth IRA is never taxed, it also makes sense to put those types of assets into the Roth IRA also. And also equity investments. What you neglected to mention are investments outside of these two vehicles. If you have some, they should be investments that would be taxed at the capital gains rate--equity investments. Actually, unless you are in the highest tax bracket it makes sense to have a portion of your equity investments outside of a 401k. By doing so your total tax bill will be decreased, especially if you are a long term investor. If you have the least hankering to invest some of your money in gold and silver those absolutely should be within a Roth IRA. Both are taxed as collectibles otherwise. Another thing to consider in regard to the 401k is that in future years the tax rate might actually be higher, perhaps much higher, than it currently is. Since you really have no choice of placing non-mutual fund investments within a 401k except for perhaps company stock, it certainly does make sense to invest Roth IRA money in company stocks rather than mutual funds. But be careful. It is very tempting for many to speculate with their Roth IRA account especially short term trading which otherwise would be taxed at the full tax rate. That would be a good way to reduce that value of the Roth account. Be just a little cautious. Invest in the likes of MCD, WMT, JNJ, BDX, KO, etc. Or maybe ETP with its 8% dividend or PAA with its 7.5% dividend. And do not invest it in fewer than 5 different companies.
2016-03-15 07:43:00 · answer #2 · answered by Patricia 4 · 0⤊ 0⤋
depending on your age... if you are in your 20s - 40 invest in stock. in this age range you can be pretty aggresive. if you are in your 30-50s mutual funds. if you are over 50, bank CDs would be safest.
I personally do not like bonds but if you have to EE bond is sufficient. You can goto Yahoo finance, CNBC, CNNFN and branch out from there.
If you want to trade...about a few time per year, any brokerage firm would do, just pick the big ones to be safe. If you want to trade more than 100 times a quarter - pick the low commissions one. just googled "Stock trade" and a list of them will do.
Just remember, read and learn as many thing about investing as you like. When it comes to placing that money into the "GAME" - trust your own system and set some goal before you play.
Good luck.
2007-12-05 19:25:03 · answer #3 · answered by rjkdlsjllsdj 4 · 0⤊ 2⤋
None of them.
Don't invest in stocks. It's risky. As you are a beginner at this sort of thing ask financial advisor.
Start your own small business. It will provide a larger yield (over 20% per year).
Or find a successful businessman among your friends and invest with him.
I have invested in my friend's business and now I am getting guaranteed 40% annual interest.
Some of the banks in Eastern Europe offer 11% APY for SHORT-TERM deposits made in national currency (not in USD/EUR). I have account in one of them.
I wish you success!
2007-12-05 23:11:44 · answer #4 · answered by Anonymous · 1⤊ 1⤋
I would stay away from gov't savings bonds I, EE, H ones. Google that if you want to.
Stocks:
Starbucks...many people wiling to pay that price for coffee!
Microsoft...Windows, popular software.
Think commodities in the need today/tomorrow.
Automobile stock? Ford/Gmc/Toyota
Pepsi...do you buy and consume this drink? or is it...
Coke-A-Cola
Avon....beauty products for women/men/kids.
If you feeling really lucky take a finger and randomly spot a stock on the NYSE and research it. http://www.scottrade.com
I would go part stock market, CD savings plan from highest rate in the banking industry. Check out www.capitalone.com about investing.
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2007-12-05 19:44:09 · answer #5 · answered by Anonymous · 0⤊ 2⤋
Put your money in a Roth IRA with a Vanguard S&P 500 Index Fund
2007-12-05 20:12:04 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Open a 3-month or 6-month CD (Certificate of Deposit) at your favorite bank. They currently pay around 5% and it is your safest investment.
2007-12-05 19:11:33 · answer #7 · answered by Anonymous · 0⤊ 3⤋
Get hold of the book "Investing For Dummies." Its a great primer on the basics of investing and fun to read.
2007-12-06 01:29:50 · answer #8 · answered by Anonymous · 0⤊ 2⤋
if that all the money you have-buy some i-bonds from a bank and leave the rest (more than half ) in the bank for emergency's.
2007-12-06 05:36:37 · answer #9 · answered by Anonymous · 0⤊ 2⤋
invest in some hand jobs at your local asian massage parlor
2007-12-05 19:03:06 · answer #10 · answered by Anonymous · 1⤊ 5⤋