 If you are under the age of 30, don't you deserve a second option on how to invest your social security money? |
| Today if you are under the age of 30 you may never see social security and yet you will pay 7-8% of all your earnings into this federal payroll TAX. Don't we have a right to invest this money ... |
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 How do you benefit from buying shares? |
Could someone explain the point of it?
Thank you.... |
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 How do you think I should invest? |
| Ive been saving money for a couple years (Im 19) and right now have a few thousand in CD's at an interest rate of 5.25%. I want to expand the areas Im investing in to include things like mutual ... |
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 I have 10 thousand to invest and am not looking to get rich quick, or take a huge risk. Any suggestions? |
| I have virtually no bills, a house already paid off, no student loans, and am getting ready to head to Iraq or another tour. I wants to invest for a 12 month period and get a decent return.... |
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 I just inherited $100,000, taxes paid, which is the best way to invest it? |
Additional Details
I'm 29, own a house, self-employed, have some money invested for retirement.
Willing to invest for a long time no matter how high the risk.... |
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 Is there a site that i can invest fake money that way i can learn and take chances without using real money? |
| Kinda of like playing partypoker but using the fake money pot..Where is there an investment site like this. That way i can get good practice??... |
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 Can I trust fool.com? |
| The site says that it gives good advice on investments. I just want to know if that is real, I'm getting a little bit cautious after encountering freelotto.com. Thanks!... |
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 What is a mutual fund? |
and how does it differ from stocks?
Additional Details
i have abt 15000 to ... |
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 Am i too greedy or what??? |
| I recently bought into a company with $1000 and made about 42% on my investment in a matter of 2 months. Problem is i put a stop order in this morning and it went through and then shot up again. I ... |
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 Im 13 years old my dad loaned me 100,000 dollars and said do what i will and i bought some stocks? |
| Do you think i bought some good stocks i bought one hundred of each did i go over the limit and did i buy good stocks the transacations havent gone through yet because the stock market is closed what ... |
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withawhy | Soon I will be getting a good chunk of money, about 100 Grand. I don't want to blow it. What should I do? |
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CommonCents
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Put in an FDIC insured bank account. You can get 5.50% APY today. Go to www.bankrate.com for rates.
If you are employed, put the max for your age into an IRA account and the rest in the above.
Don't gamble with that money in the market until you have a better idea of what you are doing. |
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icaruscatfish
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Talk to a good independent financial advisor, ask to see their credentials. They will advise you on a plan suited to your age and lifestyle. |
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crazy_kizmet
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You have a couple options. The first, and most simple is to go to a reputable investment company like Merrel Lynch, or Barker Phillips Jackson, and for a small fee they will manage your funds to maximize returns.
Anything you can put into a 401K or other retirement fund is well invested, but you have limited options there, as there are yearly limits to contribution amounts.
The housing market is rather volatile right now, but you might be able to purchase real estate from someone about to be foreclosed on, at what they owe. There are some seriously great opportunity's along those lines. Just put an add in the local paper offering to buy out property about to be foreclosed upon. Have a real estate lawyer ready to draw up papers, because this can be a last second thing. You are saving the seller from a bad credit hit by taking over their property, and you get a great deal on a house. Just make sure that you are getting a great discount on the house, a lot of these properties were severely over financed, and not worth whats owed on them.
Once you have property you can rent it out for a long term income, plus you have the investment. |
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dunkadog8
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that is a lot of money and you want to make sure you do your very best. when you get the money just take it to the bank and put it into a basic savings account so you can start to make interest right away. you then need to find a good investment broker to meet with. talk to older people that you know and ask if any of them invest with a good broker and make an appointment to meet with them. I would go and talk to 3 different brokers and find one you fell comfortable with. You don't need to invest all of that money at one time. maybe 30k now and a year from now 30k more. and you want to leave around $5000 in the bank for emergency money. and don't tell your friends that you are getting that money because they all will want a loan. just keep it to yourself. if you invest that money properly you can make yourself very rich someday. and most of all don't go out and blow that money on an expensive new car that will worth nothing in a few years, invest it and let it grow.... |
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B
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So many things you could do, and probably so many things you'll want to do. How to prioritize them is the question? With that windfall I think you have to look at as big of a picture as you can, and then work your way down.
Insurance, retirement, house, income...
The basic advice is to look at your age and your financial status and develop an investment strategy that fits your needs, expectations and desires. There are many firms out there that can help you manage your money, and there are many people out there who will tell you what you should do with your money. What's important is that you be informed and independent.
My advice, make reducing and deferring your tax liability a top priority along with setting yourself up for retirement, and insuring you and your loved ones (life, disability, etc.). How you go about doing this will depend on your situation.
If it were me, I'd dump as much as possible into retirement, put a lot into various index funds (commodities for a few years...hint, hint), keep a reserve in a money market account, take care of all my insurance needs, and keep some to play around in the stock market when the mood strikes (if there's any left).
Since there are different maximum contributions to retirement accounts, depending on what kind you have, I would also try to set myself up to max the contributions over as many years as possible. All the while, I want to avoid taxes remember. And for that, you need to speak with an advisor. Best of luck to you. |
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BM33
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put it into a savings account and let the interest build up until you need it |
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Chad H
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As soon as you get it I would put it into a savings account. ING Direct currently pays 4.30% APY and has no fees, this would be a great start. Then search with a broker that you feel very comfortable with. Depending on your age look at putting some in a very agressive stock, though not all, this could be your best gainer. Look for a very experienced broker that knows what he's doing. Also visit a accountant who can advise you on lowering your tax liability. There are legal loopholes out there you just have to no where and a good accountant can help save you alot of money in the long run. Lastly...DON'T BLOW IT...you can't get back what you spent. Cars aren't worth it, I wouldn't spend it on a car unless you have a junker that isn't worth it. However, if you do have a car with a note, I would pay that note off as much as possible. Then with it paid off you can take that extra income and invest it as well. I had a buddy that got over $250,000 in a settlement and blew it in less than 3 years. At first he told me that he would invest nearly all of it but he ended up buying car after car after car. Now the only thing he has to show for it is some clothes and a nice car. If you play it smart (that doesn't necessarilly mean safe, remember, the bigger the risk the bigger the reward) you could have a nice chunk of change when you retire. If you're young don't be afraid to lose a few grand by taking a risk, you'll be able to make it up later. |
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K B
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while the previous answerer has a reasonable suggestion I have some others (depending on your age): If you do go into a simple saving account, go into a high yeild one, and make sure that it is insured for over 100G as you will have more than that with interest shortly.
Of a better suggestion, take the money you do not plan on needing for about 10 years and invest in the stock market. I would recommend an broad index. Perhaps even better, is the one stop solution of the "Target retirement date funds" VTIVX for example. Also, never buy a load fund. Keep in mind that you can utilize IRAs to reduce your tax burden. |
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Selma
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If you are not sure what to do, please don't get your info online. I am a financial analyst and to get the right answers you need to see me..or someone like me.
First off, you don't want all your eggs in one basket. You need diversification. Another thing that is important is your age. If you are younger, you can afford to put some of that money in a place which may carry a bit of a higher risk, but you will get a bigger return. The rest of that money you can put in a growth Mutual Fund and Definetly open a Roth IRA. That IRA should actually be the first thing you do. No taxes!
As you age, you should reduce your risk and switch some of your money into a safer account with less risk. And leave it there as long as possible.
There are so many ways to go about this so I really would advise you to go see someone. You need to get a financial plan written and put in place. We can help you with all that. You need to do something smart with that money so that you can retire a wealthy man and not have to worry. |
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Frank Castle
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If you already have a house then open a brokerage account at Fidelity and invest in the stock market with the help of a Portfolio Manager with over a decade of experience like myself. |
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