heavysnow
investment for really really beginners?
1953
19
2006-09-29 19:03:00
Put the money in the bank is probably the simplest and easiest way. However, you will have to pay taxes on those interests earned. Your tax rate is probably (most likely) higher than the interest rate you got from those CDs.
In the long run, invest in the stock market. If you dont have much time monitoring, buying and selling stocks, just get some 'stable' stocks. In addition, max out your retirement contribution.
How to invest? I found this link might be helpful for you. Not only does it provide helpful information on how to invest, but on stocks, ETFs, Mutual funds, Bonds, and even Commodities.
http://biz.yahoo.com/special/invest092506.html
Just another thought, you could also get a house and rent it out. Another cash flow cow for you.
thanks a lot, it is very helpful.... I already maxed out my 401K (I think)... will check out the website... but it is VERY intimidating even THINKING of getting a house. I am more comfortable in a smaller apartment than a bigger place and I do not think I have the time to handle rent and stuff.
maybe I can try a condo/townhouse first............
You're welcome.
Townhouse is not a bad idea. Less things to worry about outside the house since they are taken cared of by associations.
130K cash. wow. 赞一个先. 有空约你出去吃饭.
thanks a lot, it is very helpful.... I already maxed out my 401K (I think)... will check out the website... but it is VERY intimidating even THINKING of getting a house. I am more comfortable in a smaller apartment than a bigger place and I do not think I have the time to handle rent and stuff.
maybe I can try a condo/townhouse first............
You're welcome.
Townhouse is not a bad idea. Less things to worry about outside the house since they are taken cared of by associations.
130K cash. wow. 赞一个先. 有空约你出去吃饭.
是美女我请客.
Seriously, another way is to buy mutual funds. To buy those "target year 20xx retirement" funds. These funds will automatically allocate and reallocate the areas and risk factor from year to year. So you need to do nothing about it.
I personally suggest you only to buy from 3 fund compaines:
somehow I have vanguard, I mean, they send me "statement" and stuff. I think my 401K uses it?
OK, first thing is to go back to my file drawer (I keep everything which is a good sign) and figure out what is happening NOW......
another question : any one of you try to combine your two 401K after changing job? someone told me not to worry because I will not use it until I am 65, but I also heard people "rollover" their old 401K ..... any suggestion? thanks a lot
You dont have to worry about the rollover if you work with the same employer till you reach the retirement age. If you change your job, you need to consider rolling over your 401K. When rolling over your funds to another, there is no penalty or tax implication.
好多钱啊。欧什么时候存到那么多cash就好了。
到底了
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