 What are some good shares to invest in at the moment? advice? |
mum wants to go into shares. she and i have no knowlege on them. how is a good way to start with out spending money on advise?
what are some good shares at the moment to invest in?... |
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 What is the logic behind the stock market? |
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 Can anyone kindly explains what factors lead to the increase & fall of share prices? |
| shares can be good way to make money and i'm sure a lot of people are doing this already, i kind of have idea where to start but the main thing i want an answer to is the above question. can ... |
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 If I have $1000 and want to start trade, what would the best thing/s I should do? |
| I'm from Malaysia with no experience in trade or do stock. Any A-Z guideline to do this?... |
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 Most effective way for a beginner to learn about dividends, stocks, shares in relation to a new job. Anyone? |
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 Can i approach consumer court if my commodities trader had done mal practise? |
Hi all,
I had opened a commodity trading account with a company named ALTOS.They have invested my money with out my knowledge in Crude oil and i had to suffer loss of 22000.can i approach ... |
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 How can i get some cash into my paypal account? |
| well, i'm looking for some legal methods to get some cash in my paypal account so i can buy some stuffs, can anyone guide me throw this? thanks for your time...... |
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 To start investing how much money do i need? |
| I live paycheck to paycheck, but i really want do something that will help me make money for the future... i am 25 and im going to school to be an RN, i want my 2 sons to have a good life but i am ... |
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 This has to be the biggest scam? what do you all think? |
http://www.bodylanguagef
i mean if it were 50 dollars than it would be reasonable .. and I might have bought it. But 500 dollars for all of this ... D... |
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 What stocks should I invest in? |
I am very young (15), and I want to get a head start in investing. I'm not looking to put too much money into investing, but I would like to know which stocks you think have the best future.
... |
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 76% of the u.s. are obese, so why don't fashion designers try to design clothes for obese people? |
the number is growing all over the world , but the designers are still dreaming of that unique body that can fits their ideas
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 Why are free stock quotes delayed? Why do real time quotes have to cost a fortune? |
| What is it that prevents websites or even the stock exchanges from distributing real-time quotes for free for the public to see?... |
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Renee T | I want to retire by age 55. How do I need to invest to get there? |
I'm 27 right now and am making minimal contributions to my 403b (only $25 every 2 weeks). My current gross biweekly salary is approximately $1400.
As of next month, my credit card debt is completely paid off (it was costing $245/monthly). In April of '08, my car is paid off ($190/mo.). Other debt is approx. $22K in student loans.
Adjusting for cost of living, I should be able to live comfortably on $45k/annually.
I want to have substantial non-retirement related savings for things like car repairs, housing improvements, etc.
I'm thinking about Roth IRAs, and investing in real estate (primarily rental properties) as an option.
Currently, I'm in the process of purchasing a 3-unit home for $70K w. 2 1BR apts. and a 3BR apt. I plan to live in a 1BR and rent out the other 2. A 1 BR apt goes for 300-350+utilities around here a 3 BR goes for 6-700+utilities.
I plan to buy 3 more properties in the next 10 years.
Is there anything else I should consider? |
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zygote222
 |
Congratulations. You are very close to being debt free, except for your student loan. You are doing a terrific job of handling your finances.
Unfortunately, even with such great money management skills, there is no guarantee that you'll be able to retire at age 55. I suggest you stop a moment to take a look at the big picture, rather than getting too bogged down in making Roth IRAs vs. real estate type of investing decisions.
Since you are 27 now, you have 28 years to accumulate enough assets to generate $45,000 per year in retirement income starting at age 55. A handy rule of thumb that many financial advisors use is to plan on starting with a withdrawal rate of no more than about 4%-5% of your assets after you retire. Using the 4% figure, you need $1.125 milliion in 28 years.
Next look at your savings rate. After you finish paying off the credit card and auto loan, you will be able to redirect these monthly expenses into savings/investing. Added to what you already put into your 403b, you will have $5,870 per year to invest.
So you have 28 years to turn $5,870 per year into a $1.125 million nest egg. I calculate that you will have to average a 13% return on your investments every single year for the next 28 years to accumulate that amount of wealth. Difficult, yes; impossible no.
You can settle for a slightly smaller rate of return if you save more. Suppose that you increase the amount you save by 5% per year, perhaps as your salary increases. Then your investment rate of return would only need to be 11% per year. That's still a difficult target, but more achievable. It's better than the average investor does, but perhaps you will be above average. If you do invest in real estate, you will be highly leveraged, so that will increase your returns if you are successful. Of course it will also increase your losses if you aren't.
Best of luck to you. Just remember to monitor your investments over the years and be prepared to delay retirement for a few years in case your returns aren't quite what you expect. |
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jebediabartlett
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It definitely sounds like you have a real plan...you should do well.
The only thing I would suggest is...YES ! get yourself a ROTH IRA...you'll be retiring at 55...but still with loads and loads of paperwork at tax-time...when you get to 60...all the capital gains, dividends and other profit you will have made in 33 years of investing will be TAX-FREE...yours, period. NO taxes...and believe me after years of income taxes and property taxes and just figuring the crap out every year, you will be ready for tax-free income.
I think your best approach is to open the IRA account with Fidelity or someone similar....do some minor research for your first year/first mutual fund...and then as you see how it does and you are ready to add to it yearly ( if possible)...then you can sit around some rainy weekend and study the returns of other funds and move your money around a little. I'd venture to say that after about three years, you will find another " real plan"...in investing.
If you've never seen the calculations for a long term investment, like your IRA...take a look at this :
http://www.finishrich.com/free_resources/lattecalculator.php?
Start with a number like $ 3000. per year at the 10% they show...for 33years, you've got $733,000.+....but if you get just a few percentage points more ( wiser investing)...the results would almost double ( at 13%.)..$1,445,700.
Now imagine if you really scrimp somewhere else for the first few years and add the $ 4000. per year your entitled to....
or invest more " aggressively" the first few years...see what 16-17% would do !! |
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Dr. Deth
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at a gross salary of $35k, I don't see it happening. You would be on your own for all medical from age 55-65 - that's a lot of time paying full medical insur premiums plus meds, etc. What if you have kids? they might not be 18 or out of college by the time you're 55. You would need to have about $1,000,000 at age 55 in order to survive. - you'd probably be needing to put at least $10,000 per yr into a pretax 401k plan starting now to hit that figure - you'll never get to $1 million in 28 yrs without investing pre-tax. - you would be losing 25+% or your return each yr to taxes. I'm hoping to retire in 15 yrs at 63 with no mortgage and hopefully 50k in my 401k/IRA plan and I don't know If I will be able to survive on 45k/yr pretax in 15 yrs - never mind 28 yrs in your case - you don't seem to be taking into account very much inflation - And how are you expecting to have the money to live off of if you plan on spending it for home improvement, car repairs, etc - you need to recalculate your numbers again - you're missing a lot major items |
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magnolia
|
It sounds like you're in pretty good shape. I'd suggest a meeting with a financial adviser - they will do an initial one for free - and see what they can suggest. Go to more than one as long as they are free. Putting aside for emergencies is an excellent idea and increasing retirement savings when you can will go a long way. |
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Ro
 |
We all invest in 401k or some kind of IRA's, CD's etc. I have several friends who lost an awful lot of money when the last crash happened. Many of them still have not made all of their money back and cannot withstand another crash like that again. This is an investment in yourself period If you are honest and care about people in general you can't lose especially with me helping you build your business, it's dirt cheap to get involved with also.
here from the horse himself and come join me
1-866-350-7113 (4 minute sizzle call)
http://www.aliveworldwide.com/5379
my name is Roman Greene and you can call me
(720)422-3166 |
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Saw
|
Contribute as much as you possible can to your 403b...best thing possible!
You think you will be able to live on $45K a year in 2035?...maybe? |
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Zero1
 |
There are plenty of other options you should consider. If you want details you know where to find me. |
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derobake
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These questions are always hard to answer. I have a tendency to want to project my own agenda on people ... since i know what I would do. But I am not you.
What interest rate do you have on your student loans? If the interest is 6% or more, IMO, you may want to consider paying that down before starting a Roth IRA. Every early payment of your student loan gives you a guaranteed rate of return equal to your interest on the loan.
How are the costs in your 403(b)? I have a 403(b) myself, and unfortunately many 403(b)'s have only high-cost variable annuities in them. If you are in a variable annuity, you may want to be aware of the costs. For info on costs, download my free book at http://www.invest-for-retirement.com and go straight to chapter 19. |
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