 Is it time to end it? |
the stock market has destroyed faith for me and my hopes and dreams vanished into thin air.
is it time to end it? and say goodbye to the world?
Additional Details
... I don... |
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 What is the best sector to invest in economic recession ? |
From_____________, video, CD, HDD, or electronics etc to various sectors.
... |
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 Is silver a good investment? |
| What companies would be good prospects to look at that mine or process silver?... |
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 Where is the best place to invest money for retirement? |
| I currently have money in a 403 B that purchases Class B shares (American Funds). I'm 34 years old.... |
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 Looking for an ethical company to invest in? |
| I have a small amount of capital id like to invest in a company who is really doing great things for the environment. Im not talking about massive oil companies who have introduced a 5% renewable ... |
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 Investing $5000 - Best to Maximize Return? |
| I have about $5K i would like to invest. I am young in that i can take risk for a higher return. I would like to keep this money in for roughly a year. In that time i would like to maximize its ... |
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 Which one is likely to fetch the maximum returns? |
which one is likely to fetch the maximum returns:-
1)successful day trading
2)mid term trading
3)long term trading.... |
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 I am considering investing in gold, any suggestions? |
| Does anybody know any good investment web sites i can invest gold on.... |
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 How do you buy stock, and what would be a good company to invest in? |
| I want to buy stock, because I can't think of anything else to buy. And I don't know how, so I'll need to know that. I have an idea what company I want to buy one from (Apple), but I ... |
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 Money management? |
| I am about to receive quite a large sum of money shortly, but have no idea about isas and investing/ saving my money!Could anybody explain what is the best way to manage this money so that I benefit ... |
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 In the stock market, what is the significance of Volume? |
| This may seem like an incomplete question (since I don't know much about the importance of volume). Please, don't simply "define" what volume is. Give it context and explain the ... |
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 I have 50 grand to invest. I want to quit my job and start day trading or more likely, swing trading.? |
| Have you made a living day trading or swing trading? How did you learn? Can you prove that you make a living doing it? Can you recommend some books to read? I would think there are people, Cramer ... |
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adam k | I am 23 , is it still a good idea to get a Roth IRA , even though we have a recession coming up..? |
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eddygordo19
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I think it is, for 2 reasons: 1) time is the most important factor in investing; and 2) it is impossible to time market highs and lows.
Without getting into the math and assuming all other things being equal, the person who starts investing at 23 will end up with a nest egg that's about double compared to someone who starts when they're 33.
Of course, if you could predict the future highs and lows of individual stocks or indices, then you could end up a gazillionaire by making all the right moves. Unfortunately (or maybe fortunately), no one can do this.
So most experts say you should invest with discipline and invest regularly.
If I was 23 and I had the discipline to invest instead of blowing my money on toys and partying, I would definitely go for it and invest now. If history is an indicator of future performance, then today's financial crisis will probably be a minor footnote 42 years from now when you're ready to retire. |
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Ladybug
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Do it and do it now. You will not regret it when you are ready to retire that is for sure. The sooner the better. |
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been_there_done_that
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IRA's are never a bad idea....the sooner you start investing, the better. |
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Common Sense
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It is never a bad idea to get a ROTH IRA. You have at least a 36 year time horizon until you will use these funds. Every book, every article, every speech on long term investing will tell you to ignore the present "hicups" in the market. This could reverse tommorow or go on for 30 years. All we know right now is that history has proven that long term investments, even at the worst times, have over 20 years always been very profitable.
Read some books on retirement investing. The information you'll get will allow you to make the right decision. Don't go by what I say... or others on this site. You don't know their qualifications or motives. |
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src50
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Yes it is. As long as you have earned income, you are eligible. The current recession does not matter - you are 40 years from retirement. |
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Tom H
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Yes. Buying quality stocks near a market bottom is the best possible time. Of course you won't know when the bottom is until its past. So buy shares in small amounts frequently.
When the market looks like it has crashed is the time to buy more, not less.
You can buy bonds or shares of a bond fund too. Although don't do it now because it is likely to crash very soon. After bonds have crash, they might be a good investment. |
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Happy
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You may want to borrow or purchase the book "Young, Broke and Fabulous" by Suze Orzman (sp?). I purchased it a couple of years ago and it has a lot of great information in it. I wish I had it when I was 23! |
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E. F. Hutton
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At your age I would definitely suggest getting into a Roth IRA, particularly one based in a fairly aggressive mutual fund. Examine A versus B shares. Talk to a financial planner. Often the plans have a built in regular increase. Make sure you can elect to keep your contribution steady if you like. An aggressive fund will offer a decent return on investment even during a poor market. Aggressive funds are for long term, this is where age is important. Learn about dollar cost averaging. You see, when the market is down your money going into the fund buys more shares than when the market is up. So over the long term you come out ahead.
The greatest fear of an impending recession is personal debt. Just make sure your debts are under control. It's never a bad idea to plan for the future. |
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Kyle B
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Yes. You won't retire for a long time, so don't let the fluctuations concern you. |
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