 How could i earn money? |
Additional Details
what kind of jobs could i do at my age?... |
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 Ok, I got fired, I didn't understand about my 401K, now it rolled over *?*, and I WANT MY MONEY!!! WHERE IS IT |
I received a letter saying a made a good choice! I didn't even know I made a choice. How can I get my 401k cash? are there penalties?
I don't care if there are, I just want my ... |
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 My Job has no 401k benefits, what should I do? |
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| Please not spam. There must be free type at home businees. I hardly need at home job. Please help.... |
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 If I write For Deposit Only will the bank let me deposit my boyfriends paycheck? |
And should I also include the acct. # on there?
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It's his paycheck going into his acct but he's out of town and needs the money in there so he can use his atm ... |
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 Who should I trust when it comes to auto insurance? |
| I am looking for Auto Insurance but want to deal a company I can trust.... |
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 Easy way 13 year old can make money fast? |
Whats a quick way an average 13 year old can make money really quick, like within a week or 2, other than mowing the lawn and chores?
Thanks
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Some of my ... |
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 How can I earn some money? |
| My dad won't let me get a job, but I need to earn money so I can go on a trip to Memphis, Tenneessee with my highschool band. I don't have very much time and I need $225. I have until D... |
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 I lent my boyfreind money and want to make sure he repays it.? |
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 How much money are you able to save every month? |
| and what style of life do you have? What do you spend money on mainly?... |
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 Can some explain this banking procedure? |
| on sunday I bought at item with my debit card, it had been put on the wrong label and charged my acct 548.00. it was TOO much, so I returned it, the teller credited my card, and I bought a similiar ... |
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 This guy sent my husband a payment using a fake money order what do we do? |
| he wanted o buy a radio for 150.00 well when we got the money order is was for 3,500 dollars from united kingdom i dont trust people fom over there they are skammers, well he wanted my husband to ... |
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 What is your job? Do you make good money? |
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I am a hairstylist and do ok and work in a hospital...... |
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 So many people are losing there homes to foreclosure where are they going? |
| our family can't afford the mortage on our home and I was just wondering if these poeple are leaving the states in which they live or staying in the same towns.... |
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 401k question? |
| My company has just changed hands and I have the option of getting my money with a 40% withdrawl penalty or rolling it over to anouther plan. I know I should roll it over but the money would be nice ... |
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ljhiggins81 | Is it better to make monthly contributions to a roth IRA or a yearly contribution? |
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DrewS
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One time, at the BEGINNING of the year. That way you get interest for all of it the whole year long. Unless of course you save all your money for a year then wait for the beginning of next year.... that would be dumb. I guess my point is put it in as soon as you get it... more money for you! |
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Curious Jenna
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I agree with Trish - also, it might be harder to 'give up' a larger amount of money all at once (annually) vs. giving up little bits at a time (monthly). |
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T the D
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You should contribute monthly, otherwise your money isn't collecting interest for an entire year. |
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KevK
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An alternative to lump-sum investing, dollar cost averaging is a popular technique for investing a fixed dollar amount in a security at regular intervals (generally, monthly or quarterly). By investing continuously and systematically, this strategy takes advantage of market fluctuations over time to reduce the average share price you pay for the security. Although the strategy can't protect you from loss in a declining market or guarantee that your investment will gain, it does eliminate the need to decide when to invest, thus requiring no effort to "time" the market. To reap the full benefits of dollar cost averaging, however, it's important to continue investing even through periods of market decline. For this reason, dollar cost averaging becomes most effective when coupled with long-term investment goals, such as your example of saving for your retirement in a Roth IRA.
To be effective, dollar cost averaging requires you to invest the same amount of money in a particular security (e.g., a stock or a mutual fund) on a regular basis. By doing so, your money will automatically buy more shares when the share price of the security is low and fewer shares when the price is high, thus generally decreasing your average price per share.
The problem for any investor, but particularly a lump-sum investor, is always that of knowing when to buy and when to sell, of properly timing his or her investment decisions. The market is not entirely predictable; if a lump-sum investor buys high and sells low, he or she will suffer a loss. While a dollar cost averaging investor might also suffer a loss in a declining market, the loss may be less severe than that of his or her lump-sum investor counterpart.
Because a dollar cost averaging investment strategy buys more shares of a security as the price of the security declines, this strategy does offer some downside protection in a declining market. What's more, as the market rebounds, a dollar cost averaging investor will "break even" (or realize a gain) more quickly than his or her lump-sum investor counterpart. That's because the dollar cost averaging investor owns more shares (at a lower cost per share) than does the lump-sum investor. |
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SCOTT A
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I have been investing monthly for years. Dollar cost averaging makes the most sense. Don't try and time the market. On average, i invest about 40 weeks a year, and my portfloio has outperfomed the vast majority of friends and clients. Remeber, your two best friends when investing: Time & Diversity |
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amaya7
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monthly. your money will grow faster that way. |
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Terry
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Monthly - this is an investment method called dollar cost averaging.
By making smaller payments monthly, you sometimes buy shares in your funds at low prices and sometimes at high prices. Over the year, you will hit close to the average purchase price.
If you buy at the end of the year, you may hit a low point, but probably you will hit something higher than the average price.
In addition, your January contribution will already have grown, and may have benefitted from distributions etc. |
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zioncanyon
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monthly is better because compounding is on your side more so |
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hermione98765
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If you can make the contribution at the beginning of the year, yes, it's better to make it all in one lump sum. That way, the money starts earning interest, dividends, capital gains sooner -- ever heard of compound interest?
If you're planning on putting it in at the end of the year, monthly contributions would be better -- again, the money you put in before will start earning money faster. Also, it's better to start now than wait until later -- come the end of the year, you might find you've spent all the money you were planning on putting in the Roth.
If you're worried about putting the money in now and not having it in case of an emergency, don't worry. You can take your contributions (but not earnings!) out anytime without taxes or penalties. Please note you can't put it BACK in, however
With one exception to that rule: there's a 60 day grace period where you can put the money into *another* Roth IRA account -- it's called a rollover, and you'd have to put it in a different account than the one you took it out of. |
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Mr Lizard
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Depends on when you do it. If you do a lump sum, then do it at the beginning of the year so that it compounds.
If you didn't meet the contribution maximum the previous year, then you can make a lump sum contribution before April 15 and claim it for the previous year. Then you can contribute again for the current year. |
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Serge M
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You are limited in the amount you can contribute in any year. It is best to contribute the maximum possible as early in the year as possible. If you cannot contribute the full amount right away, then you should contribute as much as you can as often as you can until you reach the limit. You have to keep accurate records to make sure you don't go over the limit.
However, if you have to do it monthly, that is better than waiting until you have enough to contribute at one time. |
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