 How does the stock market work? |
| I would like to invest some money in the stock market, the only problem is that i really dont understand how it works. Can some one just give me some basics about the stock market? thank ... |
|
 What is your lucky number? |
I will use this number to buy some Lottery tickets today.
Additional Details
Numbers smaller than 47, though.... |
|
 I have 62k inheritence to invest..best place to invest it please? |
I'm not happy keeping it in my Natwest account...would prefer to try and make some money from it??
Additional Details
Sorry I'm taking ££ so must be in the UK please.
<... |
|
 Harry potter deathly hallows? |
| who all bought harry potter deathly hallows the night it came out (i did)and who could have tought mad eye moody died don't tell me anything because i haven't got passed the wedding yet and ... |
|
 Im 19 years old, i have about 11,000dollars to invest into stocks,or ETFs, can anyone suggest me a portfolio? |
| I use Ameritrade as my broker. I would prefer stocks that are volatile, so high risk is ok, but they should be strong companies. i just want maximum profit month by ... |
|
 I received my statement yesterday from Morgan Stanley and I've lost 24% of my investments? What should I do? |
| Should I change my portfolio to lower risk products or wait it out. I'd be able to buy stocks cheaper but do you think it'll continue to bleed?... |
|
 What would be a good way to invest $60,000? |
| CD's, stocks, bonds? How do I go about getting a good financial advisor?... |
|
 Starting a new job that doesn't offer for 401k for 1st year - what should I do with money in my old 401k? |
| I have about $7,000.00 vested in my current, soon-to-former employer's 401k program. I think these are my options - leave it where it is and allow it to continue to collect interest, transfer ... |
|
 I'm 24, and I have about $2,000 to invest? |
| I just turned 24, I just bought a house, and I have an extra $2,000 in the bank. Instead of having it collect low interest in the bank, whats a good investment I could do with the money?... |
|
 $$$$$$$$$1,000,000 WHAT should I DO? |
| I inherited 1,000,000 I don't know what to do with the money but I want advice from anyone that has ideas on how and where to invest.... |
|
 Where do you invest your money? ? |
and out of all the options that you are using which one is safest according to you?
Additional Details
also mention expected rate of return per ... |
|
 If you had 100 dollars..? |
| what would you spend it on.... |
|
 Is it a good idea to do invest into mutual funds to build a Retirement plan? |
I am 25 and at my job I'm not offered any kind of 401k plan. Is it a good idea to invest into mutual funds to build my retirement plan? As they say, start early. What are my options on this?
<... |
|
|  |
bilc16 | How much of my paycheck should i put toward retirement at age 22? |
|
 |
 
Houyhnhnm
 |
First max out your company's 401(k) match, assuming you have a decent investment option (something besides company stock and a money market). That's a guaranteed return of at least 25% and tax-sheltered.
Then max out a Roth IRA, which has no tax on earnings or withdrawals.
I don't think you should worry about percentages at this point. Just get into good habits and commit to gradually increasing the amount you save as you earn more. With time on your side, every extra dollar will have a huge impact, so use that as a motivator.
I'd also suggest you invest as aggressively as you can stand. You may lose hundreds or thousands of dollars early on, but so what, you'll be replacing it the next year and you'll be in position to make huge gains later. Run the numbers at 15% return for 30 or 40 years and it will make you drool. |
|
Sully
|
Put away 10% every check and don't touch it. |
|
THINKMAAN
 |
You can put it up to the maximum your employer match. Most of the company matches are 5 percent. |
|
pinkstealth
 |
22 is NOT too early to start.
NOW IS the time to start.
learn to live off of 90 percent
put aside 10 percent.
it escalates at an expotential amount...don't wait |
|
phatspasm
|
At least 10% to begin with. Then, as much as you can after that. Pay for the known, before saving for the unknown. If you can take that money and apply it towards something you have today that you make payments on, such as a house, or a car, put the money towards that first. |
|
Ladeanna
|
10% of whatever you make. It will add up over the years.401K is a good plan. |
|
Richard H
|
the law allows upto $3,000 (or 100 % of your net wages - whichever is less) annually in an IRA, and if you get a ROTH type IRA you pay taxes when you make the deposits, so the interest and dividends you earn in the account are tax free when you make withdrawals at age 59 1/2. |
|
Steve
 |
As much as you can afford. The most important factor in compounding is time. Go to www.dinkytown.com and play around with the retirement and savings calculators.
If you qualify, your best vehicle for the long term with the most flexibility is the Roth IRA. Its the best for the long term because the money, grows tax free, after 59 1/2 comes out tax free and you are never forced to take your money out. It also gives you flexibility because after your money has been in it for 5 years, you can withdraw the principal without the 10% penalty. The earnings have to remain in the Roth. This means that in 5 years if you decide to use this years contribution towards a down payment on a house or a new car or a vacation you can withdraw it with no penalty and no tax implications. Go to www.irs.gov and download publication 590 for all of the rules and qualifications. |
|
chamberportal
|
if i am you, i will place 10% of my income into retirement, do you know why? because the new law say you might work to 80 years old, than you can retire, how long can you live after retire? prabably 20 years? |
|
TERRY
|
10 % pay your self first |
|
nicole
|
This day and age, 25 percent. |
|
good2go
|
If your company matches go with at least that % amount. (they are giving you free money) if not 3% is good. |
|
pgcpaul
 |
Max out your Roth IRA. For your age I think it's $3,000 this year. Money saved now is the basis for your retirement, not money you invest when you are fifty. Buy stock mutual funds or ETFs like SPY and QQQQ. |
|
mochabean6
|
10 percent |
|
bogartjeremy
|
an average of 3.5 percent a pay check is sufficent at that age it wil be enough to get started |
|
lookingforanswerstolife
|
All depends on your current monthly budget. How much do you have after all normal expenses? Do you have enough taxes taken out for the end of the year (income tax)? Also, leave room for entertainmnet, we all have to have a life. Do you have a emergency fund set up in case something goes wrong, as it always will? Do you give to charity? After all this it's a matter of preferences, some will say around 2% others will say the max a 401k will let you. Here's what I would do, make a budget of what you actually spend, and lets say you have $100.00 dollars left over each week. Take 25% of that and put it a retirement account $25.00. If its $50.00 a week then its only going to be $12.50 into your account a week, and so on, its better then nothing, at least its a start. If you think you can do more then do more, its all up to you and know one else! |
|
petermaxey
|
22 is a bit early to retire, but go for it! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
18 | 5 minutes(s) ago
| | | |
17 | 32 minutes(s) ago
| | | |
17 | 3 hour(s) ago
| | | |
17 | 4 hour(s) ago
| | | |
17 | 9 hour(s) ago
| | | |
17 | 1 day(s) ago
| | | |
17 | 3 day(s) ago
| | | |
17 | 2 week(s) ago
| | | |
17 | 3 week(s) ago
| | | |
16 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
