Smart long-term investments? - smart long term investments
Looking at these "like a millionaire" article, I think I have to withdraw from most of the work. I live sparingly, only small things, like cooking my own food, etc. For Now (18), easy to conceal the growing $ 20 per week for long-term and up to $ 50 soon. I have all these things and maybe in a good position because I have no guilt, I am paid or not. .... So now what?
Pensions? Bonds? Do I need the advice of my bank? Someone told me to take my money and buy silver, "said another person who I should invest in Europe (I have family in London so that it works) because of the lower dollar. I'm not looking for a quick profit of more hot, I want a place where I can put aside the money, know what works for me (albeit slowly), taking care not exceeding 50 years. I think that will benefit the most, the answers on how to find my way into the world of personal finances, such as "Here, read this book, the" camp!
Sunday, February 7, 2010
Smart Long Term Investments Smart Long-term Investments?
2 comments:
Standard investment advice is that you invest in a diversified mix of stocks, bonds and money market funds. If you're like most people you will invest a little of your money aggressively in stocks, and some of the money market and bond funds conservatively. Vanguard has an online questionnaire that gives you an idea of how "asset allocation", in order to determine how much they put in each fund.
Want to buy a diversified portfolio of stocks as individual stocks are too risky. People are buying can be a very knowleadgable balanced portfolio, but most are struggling to balance things on their own. This unbalance your portfolio by buying all small stocks or growth stocks, or any other variety misbalanced population. In 2000, some people bought all the shares of the Internet, but they burn when it crashed together. You have to diversify the industry. If you do not know what you do is buy the best investment funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load and low cost of fundsa.
If your company offers a 401K plan at work, try to invest as much as possible. The money grows tax free, and some companies match your contribution. The investment in a fund IRA is also a good idea.
I like index funds. Because of their broad diversification, you are less likely to have a drastic reduction of the value. You also have the lowest cost. For equity funds, I suggest, by ~ 70-80% of their money into the foreground Total Stock Market Index Fund. and ~ 20-30% in a foreign stock index fund. Unfortunately, these funds have a minimum investment of 3,000 U.S. dollars, they are beyond the reach of today. T Rowe Price has a few funds with lower minimum value of the investments. There are different opinions about what the best investment there is. Read the links below and form your own opinion.
You should save 3-6 months of salary in an emergency fund in a bank or have a money market fund before trying more risky investments.
I'm not a big fan of annuities, but it is an entirely different debate. The money is very speculative. Andou can win big or lose a lot.
Believing advice you get on Yahoo Answers can be dangerous to these pages for more information. If it's too confusing, contact a professional financial advisor at a bank. We will calculate significant commissions, however.
Sources:
http://www.vanguard.com/VGApp/hnw/planni ...
http://www.fool.com/school.htm
http://sec.gov/investor/pubs/assetalloca ...
http://www.diehards.org/readsites.htm
... http://finance.yahoo.com/education/begin
http://finance.yahoo.com/funds/basics
Asset Allocation Calculator
(Determination of the amount put into action and how much in bonds and money markets is a personal decision ", giving over their financial situation. These questionnaires asset allocation a rough idea of how to do that. I like Vanguard best, but here they are some of the other pages.)
https: / / personal.vanguard.com / VGApp / H / F / ...
https: / / ais2.tiaa-cref.org/cgi-bin/WebOb ...
http://www.ifa.com/SurveyNET/index.aspx
Web Forum: http://www.diehards.org/
(OneInternet forums are overrun by fraudsters and investment. This appears to be legitimate.)
If you do not want to invest the "hottest" thing ... .. Stay away from precious metals like gold, silver, etc. These are all covers of the falling dollar and inflation, the traditional. You are hotter than a hot potato right now.
Pensions and bonds are tax-deferred for large vehicles ... But the yield is slightly higher than the savings account at a bank. At least not to worry about taxes.
Land and real estate requires more money (packages actually), but very well need, because you are an accommodation.
Actions are easy to collect and sell in bad times, good times ... Do you think this is a bad time?
In conclusion, even the best of the best - is diverse. Buy a lot of different things ... Sometimes, cash holdings is not a bad thing ... Just not 100%.
For the financial web sites, read the book remains of Warren Buffet and concentrated.
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