Lets contend I conduct to save 10,000 as well as lets contend i have no knowledge in anything utterly new.
How could I deposit which as well as have distinction *realistically*?
Lol right away lets contend i have millions. How would I deposit that? Im asking since ive been day forgetful alot as well as was meditative of all the ways i could.
Currently I have about $700 though theres zero I could safely deposit which into
(I suspicion about may be starting the unit complex,real estate, grill chain,etc lol)
{ 4 comments }
talk to your bank officer
buy a cd
If you are willing to learn and do it yourself, forex trading will get you the best ROI.
It takes a long time to learn the stock market and for someone that wants to start investing in the market needs to decide what risk level he wants to take. CDs backed up by the government has about 3-4% annual return for the long term with a low risk. Bonds or Bonds Funds has about 5-7% annual return for the long term with a medium risk. Stocks or Stock Mutual Funds has about 8-10% annual return for the long term with a high risk and are more volatile than Bonds. Usually the more risk you take, the more return you will have, but not always. To see the Return vs Risk go to: http://oi51.tinypic.com/2l8atxh.jpg If you can’t see the Return vs Risk table, let me know and I will send it another way. The stock market is basally made up of stocks and bonds. Investment managers pick a group of stocks to make a mutual fund or a group of bonds to make a bond fund. They even put a mixture of stocks and bonds together and call it Growth & Income Fund.
1- Mutual Funds: I like mutual funds because they have a group of stocks, could be around 100+, invested in different sectors, and manage by a professional. Managers have lots of schooling for investing in stocks, around 8 years (I just barely finish high school and I type with one finger). So I think managers can pick stocks better than me. But what I don’t like is the fact that most funds has trading restricting and you may not be able to trade more than 4 times a year. That’s because it makes it hard for the fund to make a good return if there is to much trading in the fund, causing the fund manager to make more buys and sells. Mutual funds are meant for long term investors.
2- Stocks: Stocks is more volatile than funds unless you spread you money in about ten different sectors and know witch sector will do best. And stock trading restricting is only a few days and that’s something that I like. If you own stocks, you need to keep up with all the company’s business so you don’t get stuck with a bad stock.
3- ETFs (Exchange Traded Funds): ETFs are like a mutual fund but trades like a stock and that is my main reason why I like ETFs. There are some ETFs that represents Index’s. An Index is like S&P or DOW. Index’s operate just like a mutual fund with a group of stocks in deferent sectors, manage by professionals. You can’t buy Index’s because they are not for sell. A company owns them. But you can buy a mutual funds or an ETF that has the same stocks as the Index they represent. There are a lots of different kinds of ETFs for someone to choose from. Some have 1x leverage, some have 2x leverage, and some has 3x leverage. There are some that represent almost every kind of sector.
You can find several good brokers that charge $8.00 and under, per stock trade and no fee on Noload Funds. Most broker websites have good research tools. Some popular broker websites are Fidelity, TD Ameritrade, E-trade, Scottrade and others. I think you need a min. of $500 (some sites $2,000) to open a broker account.
If you want to follow someone that has 24 years of stock market experience, click my pic.
Your money is the most precious thing in the world to you, or so it should be. And when it comes to deciding upon retirement investment strategies for your money, you need to pick the right options. It’s all about having horses for courses. You wouldn’t equip snow tires on the car when it’s raining outside, would you? It’s all about choosing the right vehicle for the right purpose. Your retirement is something for which you will need a fair bit of money stashed away. You are looking to keep your golden years safe and get out of the marathon for rodents that some call the rat race. It’s a time to do whatever you’ve always wanted and for that you need to make your retirement investment work for you. Retirement is such a subjective thing, to be honest. It means [...]
Comments on this entry are closed.