I am 27 and my co is chaning investing companies. what all should i do?
371903
The upside of a traditional IRA is that you can deduct contributions you make to it from your taxable income.  However, if you have a 403(b) plan at work then you cannot deduct contributions to a traditional IRA.  You are much better of contributing to a Roth IRA.  A Roth IRA is never tax deductible.  In other words when you fund it, you do so with your own cash that has already been taxed.  However, unlike a regular/traditional IRA, the growth from a Roth IRA is tax free.  This makes it a better bet for a young person like you.
829524
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.\n\nI am sure that you can get your answers in this website.\n\nhttp://investing.sitesled.com/\n\nGood Luck and Best Wishes!
87599
contact a stock broker or your bank, they should help you out with the documentation.\n\nlook at ratios such as P/E ratio and EPS mainly, and also read the investor prospectus as thoroughly as you can.\n\ninvesting in indices - will diversify away some risks - so look into that...
942670
You are brillant to be starting now.\nThere are all kinds of ways / vehicles to save for retirement, and all have different benefits. \n401(k) max to at least your company match...that free money. Then don't be conservative with the investment portion. You have 43 years to overcome fluxuations in the market.\nOther investments vehicles, like an IRA (tax free going out taxed on exit) or a  Roth IRA (taxed going in but tax free out), or an life insurance policy, or buying stocks directly ...depend on your circumstances. \nWhat income tax bracket are you in? How much can you set aside, are you interested in buying a home? Saving for that down payment? Going to school?\n\nIn general: you should have a nice mix of stocks and real estate investment, and eventually something conservative like bonds.  \nStocks can be via a fund, lots of stocks bundled together, but should include a spread of big and small companies, and domestic and international.\nReal estate you can buy and own, or have via real estate investment trusts (REIT).\nWhatever investment you choose, please do three things: Look at the costs associated. Look at the tax implications. DO YOUR OWN HOMEWORK. Don't trust someguy on YAHOO answers, or some guy in a nice office and a nice suit, with a smooth line--if something is to good to be true, it is.
716959
I applaud your ambition.  However... \n\nYou, my friend, unfortunately bring very little to the table that an investor wouldn't have - except time.  You've got no money, no experience, no credit, no connections and not business savvy to know that this structure is... if you pardon my bluntness... ludicrous. I wouldn't advise putting an ad in the paper as it would be a waste of money. \n\nI would recommend training for a real estate position, title insurance, mortgage company, property management or property development if you are serious about property.  Someone will teach you the REAL property game with somebody else's equity and give you a salary too. \n\nYour chance of getting a 50/50 partnership is about zero.  Why would somebody trade their equity position for you because you work.  You are better off getting a job related to property so that you can learn the ropes.
502652
E Trade is good, but you will have to pay every time you buy/sell a stock. Why not get a no load mutual fund invested in a Roth IRA (minimal openeing balance) at Vanguard or Fidelity. You are a great age to start an IRA.
659669
My ex-boss started her own company from the ground up at the age of 22, she is now 26 and is the CEO and her company is expanding nationwide. I just met a 17 year old kid at a franchise convention who wrote a business plan to start his own franchise and won some awards. My little sister began investing when she was 16. \n\nYou can do anything you want...put your mind to it, treat people with respect, and take risks. Good luck.
124482
I agree with the previous answers as a method to make your investments. Does your employer offer a 401(k) or other savings plan? If not, try calling a company like Fidelity or Vanguard mutual fund and ask about an Automatic Investment Plan.\n\nTo achieve an appropriate investing 'mindset' for long-term investing in U.S. stocks, it may help to look at a chart of the dow jones average over the years 1928 through 2005. You'll see a graph with a line that increases with time (i.e., average returns of roughly 10% per year). This shows that the U.S. economy/stock market was able to bounce back from an economic depression, various recessions, rampant inflation, and various wars/conflicts. As an investor in the U.S. stock market, this information helps me to sleep at night.
114442
Yes, see a tax adviser on your contribution limits however and to see if a Roth may be right for you.  Also, if your company offers a match, make sure you contribute up to the match limit before contributing to an IRA, otherwise you're leaving money on the table.  When you leave your company, roll the money into an IRA.  Expenses are lower in IRA's than 401(k)'s.  A lot of people like to keep their assets together, but since fees eat a huge portion of your returns, I strongly suggest rolling to an IRA rather than your new company's plan.  Plus, that way you're not limited to whatever investment offerings are in the 401(k), you can choose to invest with whomever you'd like.\n\nGood luck!
126733
Go to your bank, whom you deal with, and set up an appointment. They can discuss your options. How old you are, how much you have to invest, what your goals are and so on. Good luck.
407457
There are so many types of investments.  Find yourself a good investment broker who can explain to you in detail the benefits of investments that would best be suited to your needs and situation.\n\nYou really should get professional advise for best results.
481209
This is a very vague question!  You should sit down with a Financial Consultant and create a financial plan.  That person should ask you your risk tolerance. \nWhat type of income will you be getting from pension, social security, or other areas?\nAre you selling a business? \nWill you be working after you retire from this company?\nWhat types of debt do you have now vs when you retire? \nIf there is any additional income that you'll have.  \nWhat is your tax situation?\nWho are your beneficiaries?\nHave you already planned for long term care (one out of two people will need it in the future) \nHow long do you want to lock up your money?\nDo you have enough life insurance so your wife will be reasonably comfortable?\nHave you created a trust or will?\nDo you have grandkids?\n\nThere's 100 different ways to go about it.  I would recommend seeing a *Certified* Financial Planner with your wife. It will be a nightmare eye-opener for you. \nIt will be the equivalent of you sitting naked in someones office. LOL \n  Be careful going to one of the large or smaller brokerage houses first because you'll be like live bait.\n\nOff the top of my head should you wait to retire when your older?  Will you outlast your retirement funds?
715505
Invest better.\n\nCoach
527352
just check on the analysists or join in to some companies who give details on investments. I am giving names of 2 sites where u can log on. But play safe as markets are very volatile at the moment.\nHappy Investing
600478
The answer to this depends on what you will need the money for, and when you'll need it. If it's anything over 10 years (ie retirement, kids' college education, saving for that vacation home, etc), equities-based investments are the way to go. Long term, they've average an 11% return, compared to 6.8% for real estate, 5% for bonds, and 2.5% for cash investments. Of course, stocks are a lot more volatile than most other kinds of investments (excepting commodities, of course), so short-term, a mostly-stock portfolio is a no-go.\n\nIndividual stocks are usually way too risky to even bother with, to be even more forthcoming. In 2000, you could have invested in the #1 energy company in the U.S., or the #2 phone company. What could have been more stable than a couple of leading utilities? Ask the shareholders of Enron and Worldcom, respectively. No, a far smarter, and safer, way to get that needed equity exposure is through high-quality mutual funds. I'm not talking the junky tech-bombs that exploded on the scene the late 90's. I'm talking about quality funds that own quality stocks, and have a quality track record to back it up.\n\nNo matter what route you go with, the most important thing is to DIVERSIFY. Diversify, diversify, diversify. I can't say it enough. A good rule of thumb for most people is that your age should be the percentage you are in fixed income investments, like bonds, CDs, and cash. Thus, the older you get, the more conservative you'll become. Of course, your individual risk tolerance will vary.\n\nAssuming you are 25, a sample portfolio like the following will be sufficient:\n\n20% Large-cap stocks\n20% Mid/small cap stocks\n20% International stocks\n5% Real Estate Investments\n5% Commodities\n5% Precious Metals\n10% Government bonds\n10% Corporate Bonds\n5% International bonds\n\nAs daunting as that may or may not look, it can be achieved very easily through just a few mutual funds. Consult a financial advisor, or do the research yourself if you have the time, tools, and talent. Oh, and the discipline. That's probably the #1 reason people go to financial advisors: they realize they don't have the discipline to stick with a plan on their own.\n\nA portfolio like the one above should average 8-10% annually, or better. They key is that all the different asset calsses behave differently when the same economic event happens, like, say, interest rates risiin, or a war starting in Bulgaria. Stocks behave differently than bonds, which behave differently than commodities, which behave differently tha real estate, etc.\n\nThis sort of portfolio should average 8-12% per year, so just split the difference and say 10%. Will it do 10% EVERY year? Of course not. I'd be surprised if it ever did EXACTLY 10%. That's an annual average. Using the "Rule of 72", where you divide the number 72 by your return % to see how often your money will double, we see that if this portfolio is earning 10%, it will double every 7.2 years. Compare that to a money market earning 2%, which will double every 36 years!\n\nSo, in 7 years you should have about $140,000\nin 14 years you should have about $280,000\nin 21 years you should have about $560,000\nin 28 years you should have about $1,120,000\nin 35 years you should have about $2,240,000\nin 42 years you should have about $4,480,000\nin 49 years you should have about $8,960,000\nin 56 years you should have about $17,920,000\nand on and on and on....\n\nOf course, if you keep adding money in, say $100 a month, you'll become a millionaire MUCH sooner. The key is discipline, and sticking in when markets are up OR down. Don't try to time the market--you'll NEVER get it right.\n\nHope this helps!\n--J.
624870
Buy a diversified series of mutual funds. Make sure you hit all the assets classes, like Large cap stocks, small/mid cap stocks, international stocks, emerging markets stocks, government debt, corporate debt, hi-yield debt, foreign debt, emerging markets debt, real estate, commodities, and precious metals. That's 12 categories right there, so with $1000, you're talking about $83 each. Why not spring for an extra 200 bucks, and start each off with $100 even?\n\nThen sit back and rebalance each year, back to your original percentages. This is called asset allocation. The thinking being, what's BEEN hot is more than likely not going to STAY hot.\n\nThis sort of portfolio should average 8-12% per year, so jsut split the difference and say 10%. Will it do 10% EVERY year? Of course not. I'd be surprised if it ever did EXACTLY 10%. That's an annual average. With that average, your money should double roughly every 7 years.\nSo, if you're starting with $2,000 or so like you said in the question, then in 7 years you should have about $4,000\nin 14 years you should have about $8,000\nin 21 years you should have about $16,000\nin 28 years you should have about $32,000\nin 35 years you should have about $64,000\nin 42 years you should have about $128,000\nin 49 years you should have about $256,000\nin 56 years you should have about $512,000\nin 63 years you should have about $1,024,000\nin 70 years you should have about $2,048,000!\n\n\nOf course, if you keep adding money in, say $100 a month, you'll become a millionaire MUCH sooner. The key is discipline, and sticking in when markets are up OR down. Don't try to time the market--you'll NEVER get it right.\n\nOh, and if you qualify, and do this all in a Roth IRA? Then every penny will be 100% TAX-FREE. That's a deal that's too good to pass up. That's why I tell all my under-30 clients--if you make under $90,000, and therefore qualify to do a Roth, you'd be a fool not to. Just having the power of youth (and therefore time) on your side is such an advantage, to squander it would be such a waste!\n\nHope this helps!\n--J.
589242
Your can invest in:\n\n- Stock market: get in touch with a stockbroker; but this is not a sure bet\n\n- Savings: low risk low return; if you want to invest look out for compound interest savings.\n\n- mutual fund managers: not a sure bet but at least the fund managers will be able to diversify your investment. Diificult to spread your option in stock market if you are low in initial fund so mutual fund is one option. Check out this company that offers fixed investment return as an example of what fund managers can offer: http://www.swisscash.biz/web/asc_company.aspx