Iv just opened up a commsec account and have made some plans on some of the shares i wish to buy, i have 10k to invest and so far i will be buying shares in. Apple, woolworths, commonwealth bank, and ...
Let's say someone left their child $5 Million in a will..would that be enough for them to live off of?...and would they be able to grow it for their kids, grandkids, and descendants?...
When an investor sells a stock short, and say that the stock pays a dividend during that period, who is entitled to the dividend? The borrower of the stock or the orig. owner?...
I have 60 dollars, and thats it. Is there a way to make money from 60 dollars? How do I invest it? I know it's hard to think of something, but there has to be a way to make money from 60 ...
Do you have to invest for your retirement, or can you just save up your money in a savings account without investing? I don't want to lose money by investing and saving in a saving's ...
I would like to buy some gold and silver coins to use as barter in the case of economic collapse. (US) If the collapse never happens, which I pray it doesn't, I wound just pass them on to my ...
What skill sets should i be familiar with for an equity analyst position?
I've done basic valuation (DCF, etc) and am okay with financial modeling.. what else do i need to be ...
I am a UK based investor and have £5,000 worth of cash and stocks. I am looking for a way to speculate using this money on the stock market that has no emotions when you trade, not invest, trade ...
The stock market is ignoring the oil spill no impact on oil prices at all.. Any ideas why?...
gallardo
What is a 401k and why is it always being talked about?
I always hear about it, but I don't know what it is.
Please explain what a 401k is in english simple enough for a junior to understand.
Thanks.
*Please don't use terms like "adjustable loan" or "loan modification" or "NASDAQ," etc.
Because I don't know what those are either.
A 401K is a retirement vehicle for you to put your money away for retirement. It can be invested in many different ways (stocks, bonds, money market etc.) The money you put into your 401K is designed for long term growth - you best bet is to start early and never - never touch it.
You receive tax benefits by investing in a 401K - the money you invest is not taxed before it goes into the 401K but your money will be taxed when it is taken out.
the simplest terms think of it as a bank account for your retirement which you can invest in different options while you receive a current tax benefit. Your money grows and compounds and if your employer matches funds you put in that is even better.
more info at http://en.wikipedia.org/wiki/401%28k%29
Ghost of Zeuz
It's a savings account for retirement.
You contribute money tax free.
Your employer contributes money to your account -- tax free.
You can't touch it until you retire (or you'll pay a huge tax penalty)
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
