I have about $350K cash. What is the brilliant idea to double the amount or more in a year?Can you help?Thanks
597720
See a financial advisor.\n\nIt would be rare to double your money in a year.\n\nMost people would recommend a diverse portfolio.
1034769
You make 2000 a week.  Your mortgage is only about 1400.00 a month.  You should have tons of money unless you are living beyond your means, and aren't we all?  Keep the stock if doing well, if you sell you'll get killed with the capital gains, especially in your income group.  OR, sell the loosers or a portion of thes stock and put it into other vehicles.  Pay a couple extra dollars every month on the mortgage and it'll be paid off quicker.  Start saving something, even if only $1000 a month.  Try living a little simpler, and getting rid of some of those toys.  Yes, you can live without that big boat, some of us only have canoes, and you don't need the luxury sedan, they have all the same toys in cheaper cars.
1074203
Ahhh, the million dollar question for Roth accounts...\n\nAnd the answer is - it depends (sorry).  Unfortunately, you need a crystal ball for this one.  Your decision will likely come down to what you believe the future holds.  You need to consider several factors, but you basically have two courses of action to take.  \n\n1)  Take the sure thing - Roll your 401(k) into a traditional IRA and then convert it to a Roth IRA, paying tax upon the principal and earnings at your current income tax bracket.  The conversion option is currently subject to AGI limitations, so check with the IRS or a competent accountant first.\n\n2) Let it Ride - Simply roll your 401(k) into a traditional IRA and enjoy tax-free compounding of interest until you are able to take a qualified distribution (usually at retirement) at which time you will pay taxes on the principal and earnings at your future income tax rate.\n\nSo, look into your crystal ball...\n\nDo you believe that you will be in a higher tax bracket at retirement age than you are right now?  If so, the Roth conversion option may be the right choice for you as you will likely pay less in tax today than you would 35 years from now.  Likewise, if you believe you will be in a lower tax bracket in retirement, it makes more sense to simply roll your account to a traditional IRA, enjoy your tax deferral over the years, and pay the piper upon retirement.\n\nThere are several wild cards to consider in this scenario, not the least of which is the possibility that tax brackets change.  If you want my honest opinion, I think it is naive to assume that the historically low tax brackets we enjoy today will be around in 30 years.  I am also 31 years old and, without getting political, just look at the current landscape of our country and its budget deficits.  The cost of wars, strains on social security from aging baby boomers, etc, leads me to believe that the government is mortgaging our nation's current problems and our generation will likely have to pay for it.  And how will we pay for it?  Higher taxes.  All things being equal, if I were you, I would opt for the Roth conversion.
1090924
You have too much money if you havent been to a certain account in 5 years, let someone else handle your money.  If it is alot of money go over there and raise hell, they will give you your money and a new account, then send me some for helping you out.  If its a little bit of money, then fughettaboutit.
450896
I heard if you put 1 mil in a savings account, you get a much higher interest rate, like 10%.  So I would put it in the bank and live off the interest.
1020732
work, save and invest.  if you want money go to where the money is.
542458
It depends how much you can afford to take out.  If you're married and have some financial support for your spouse that helps.  If you can live with less than 30k, try and contribute as much as possible until you hit the limit where the company stops matching.  As long as they match, that's basically free money and you should try and take advantage of it.
994193
I sure can.  It is neat to find someone who is looking for practice--I really appreciate that.\n\nSo if I have $20,000 invested for 3 years at 5.5% (compounded annually), how much interest do I earn?\n\nHow about if I have $7,500 invested for 12.5 years at 3.75% compounded annually?\n\nAnd finally, what if I have $12,000 invested for 5 years at 4.8% compounded monthly?\n\nHere are the answers you should get (all rounded to the nearest cent):\n$3,484.83\n$4,382.63\n$3,247.69
717921
get a lot of money ...
66369
That's not diversified enough.  If you want to do that, buy a mutual fund.  If you are a small investor then you need to spread your money out so that you are not hurt by something that directly affects 1 industry -- which is the case in what you describe.
100569
Hi again, Stef. The $13,000 is not income per se. The interest you made on the principle (the original amount you deposited into the fund) is income. I do not know what you re doing with the dividends you make on the fund. Are you reinvesting it? Unless you are talking big, big, bucks here in dividends, you have no worries. However, I am concerned that you were charged so much for an 8 year old car.
742345
If you're planning to sell it in the next few months, no, since the costs to refinance would probably more than eat up any savings.  If you're planning to sell in a year, maybe.  Longer out than that, probably yes.
51577
Start young and put 10% of your annual income into some sort of IRA or 401K. Keep your investments within those vehicles aggressive. Over time you'll be surprised how the compounding effect adds up. But, start early and be absolutely disciplined about it. \n\nAlso, at some point, when you have some cash, buy property. Nothing builds profit like property.
74870
Unless you already have $5mil, wake up and stop dreaming. Stock investing for a 1 year time frame is inappropriate. You stand a substantial chance of ending up with less at the end of 1 year. For that short of a time frame, CD's, money markets and conservative bond investments are more appropriate, but the prevailing rates are low and you would need to start with$4.8 mil or so to reasonably have a chance to reach your goal.
1052350
MONEY  MORE MONEY.......
1022786
Invest in your companies 401K plan. If they match your contribution, they can double your money right away.  Ask you HR person for details.
1123074
Put $100,000 into a bank.\nPay off all my debt.\nBuy things I need (like new car or a new home)\nBuy some real estate.\nInvest the rest into Traditional IRA (you don't qualify for Roth IRA), mutual funds, stocks and bonds, education plans (if you have kids), and variable annuities.