Hi, I’m looking for some good general ideas to give my 37 year old son about his investments. He has about 0,000..mostly in stocks and a few mutual funds. He doesn’t have a 401k at work so he is depending on these investments for his retirement.
I’d like to give him some good advice on how he could maximize his investments for the long term. I’m sure there are some general things he could do that would make the most sense and give him the best returns.
On a side note… Everything being relative, is my son is in good shape compared to most people his age? Could he possibly retire with over million someday? His mom and I are enjoying our retirement and would hope the same for him. Thanks!.
Please, no ‘Get rich quick’ schemes or ‘Penny stock’ ads. I’m looking for current good quality covered call options advice. Something like Jim Cramer or Motley Fool etc. does with stock picking.
What would be a good source of information to pick "winners"?
Is paying for a subscription to a Penny Stock Newsletter worth the money? If so…what would be the best one to subscribe to?
http://www.youtube.com/watch?v=SYPnHhKC84M
No wonder our country is in such bad shape with the likes of Obama Biden and Pelosi, thank God Obama will be gone in 2012 so we can recover from the three stooges
E*trade has it under "ideas". I was looking at the stocks that trefis considers "undervalued". Is trefis accurate at all?
I’m currently 20 and a sophomore in college, but I believe it’s never too early to start investing and saving for the future. I don’t have extensive knowledge on the subject – hence me coming to yahoo answers – however I have a basic idea of what I might consider.
I have about 00 that I want to invest and I’m thinking about three options:
1. A high yield online savings account with either ING or ally banking.
2. A Roth IRA with Vanguard or Fidelity.
3. An index fund with Vanguard or Fidelity.
My idea so far, is to invest in all three… about 00 for online banking and 00 towards the IRA and index fund.
So, investment gurus of yahoo answers, what advice do you have for me, because I’m willing to listen to experience. I know the final decision is up to me, but I would love to hear what you would do in my situation.
What would you do and who would you do business with? ING or Ally and Vanguard or Fidelity?
Thanks a lot.
Thanks for all of your replies – I can’t simply choose a best answer because they all have good insight.
April 4th, 2012 in
Investment Advice | tags:
ally,
fidelity,
final decision,
high yield online savings,
high yield online savings account,
index fund,
ing,
insight,
investment gurus,
roth ira,
saving for the future,
sophomore,
vanguard,
yahoo,
yahoo answers |
7 Comments
this is all i know, you buy a share and when it goes up you sell it, how do i buy/sell them? how do i pick a company to buy a share from? im all up for taking risks so just explain how i do this
March 30th, 2012 in
Stock Tips | tags:
taking risks |
1 Comment
My husband and I are considering various investment vehicles. He has a 401K with excellent 6% matching that we max out, but we want to diversify. We may get into the Roth IRA thing, but beyond that we aren’t sure if we want all our eggs in the market basket.
We are 29 years old. We live in a cheap wood frame house that will be paid off in less than 3 years. Our plan is to keep this house, live here while we save a down payment for our longer term home and keep this place as a rental property to continue generating an income for us. Of course we are wary of getting into landlording … the expenses and headaches … but we are also interested in maybe owning a few properties in this area and having an income that will follow us into old age and make retirement comfortable.
If anyone has actual and real experience with this kind of thing, we’d love to know. It would be nice to know the real profit after expense of say a 0-0 month unit as well.
We definately aren’t rich … his income is just under 0K and I will earn decently when I’m done with graduate school. Our plan centers around lower cost residential housing (not ghetto-grade, just lower-middle-class stuff).
Thanks in advance for any advice!
March 29th, 2012 in
Investment Advice | tags:
3 years,
401k,
eggs,
frame house,
ghetto,
graduate school,
headaches,
investment vehicles,
love,
market basket,
middle class,
rental property,
retirement,
roth ira,
thanks in advance,
wood frame |
3 Comments
I am curious about buying this newsletter. And I would like to know if anyone has had any luck with Gold’s picks.
March 29th, 2012 in
Stock Tips | tags:
gold |
3 Comments