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 What are the best things to invest in? |
| Are stocks and old coins good ideas?... |
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| or is it better to look at gold & silver and other high yield investments ?... |
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 Risks for gold mining? |
what are the risks for gold mining?plez hurry i need this by tom.thank you:)
Additional Details
to src50: yes it ... |
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 I am a student, and I want to get into stocks, I'm not planning on buying expensive stocks. what do i do? |
| I want to eanr money by buing cheap stocks, i'm not planning on spending a lot i just want to get started and get ... |
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 Due to the weakening U.S . Dollar, wouldn't it be wiser to invest in British stocks rather than U.S. stocks? |
| Since the Pound is much stronger than the Dollar, I'm thinking if the British stock goes up I will make even more money after I sell and convert from the British pound back into U.S. Dollars.... |
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 Is this a smart stock move? |
| Im new to the stock market and im investing my first $1000. I was wondering if buying $1000 of apple stock right now would be a smart move. The stock is going for $106 right now, is this too high for ... |
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.... | I am 22, self-employed. I want to open a retirement account. Which one would work best for me? |
There are a few great options nowadays, but I am still not sure which would be the right one for me. Thank you
Additional Details
I am not interested in IRA or Roth IRA, since you can only put $3000 a year into this account. |
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Hoa N
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If you are the sole operator of your business, SOLO 401k would be perfect
If your are have more partners, sep IRA should be fine
In addition to your 401k, depend on your income, you could put 4000 in the Roth, tax free(whether you like it or not additional money in retirement won't hurt)
In the meantime, learn how to invest properly, patient, you will be reward greatly.
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 75,000.00 and 30000.00 in taxble account. by follow simple rule |
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charles h
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join a credit union and open one or call a place call prime america and oen up whats called and ira, its an retirement account, they have those at credit unions also. try prime americas website also. prime america.com |
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Chris C
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My recommendation would be a Roth IRA. You are taxed on your income now, but you won't have to pay taxes on it later. For example, if you pay taxes on $4,000 per year now (that's the maximum you can put in a Roth), you will not have to pay the taxes on the million or so you will have when you retire... It's a great deal! |
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Mike S
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Although you mention you don't want a Roth IRA, I would recommend that but in addition to an annuity. You can defer taxes on any amount in an annuity... and you can invest in a fixed rate, variable rate, or tied to some index. Since you're self-employed, check with your CPA about a SEP account... you should be able to sock enough away into that. |
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dawn18417
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open a sep ira you can put up to 20 percent of your income in here.Self employment is the greatest tax shelter going.Get the best health insurance you can get andwright it off your taxes.don't forget to wright off all auto expenses,and when you are on a business trip such as driving to the bank make sure you have a meal while on the trip you can deduct this also. |
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Scanless1999
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there are MANY options
I am self employed and this is what I have done ..
Open up IRA accts and mutual funds and just open them up with $100 and up on each
I did this with about 30 accounts on etrade.com and do a automatic deposit every week or month. I stagger the amount and frequency on each acct
Also there is a ING that is open MUTUAL FUND
2 Fidelity accounts one is a mutual fund the other is a IRA
I also fund small loans for EXCELLENT RETURNS via prosper.com
you would have to go to the site to see how this works and it is VERY VERY EASY to do with a average return of 16-18.5%
its safe because you only fund a small part of the loan ..it is a peer to peer loan so it has more liberal terms and the default rate is below .5 on all credit grades This is EXACTLY how the big boyz do it
Trump Buffet Steve Wynn (owns MANY hotels) Adelman, and so forth..
I also like gold as an investment as well
Gold is a FIXED asset and will be 1k an ounce in about 15 yrs
You cannot make it or manufacture it and China is drinving the price up because they are going crazy over there.. |
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ballyball9
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as far as i know the roth ira is the only place that u can invest and all withdraws are tax free after your has been open for 5 years and you are 59.5 years of age. i know thats far off,time flies and it will make you feel like someone special if you do it. |
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taonguyen
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Several options exist. Speak with a financial advisor or call up a fund family such as Vanguard to talk with someone...done right, starting young is a great advantage for you.
My guess is that a SEP and Roth IRA would be a couple of viable options for you, but woud need more detail to make a good recommendation. That is why speaking to a professional is so important. |
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