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Best Investment methods today for the future?
Hi all I am about to start a career next week and I am 24. My benefits and 401k will start a month there after and I will be making pretty good starting salary. I want to make the most of my money and invest it so I can have more for the future and tons for retirement
What are the best investment methods? 401k retirement plan from my employer of course, but what about CDs from my bank? What’s a good interest % rate? How much should I put in per month towards my retirement/investments? I don’t understand what mutual funds/bonds are and why people invest in those? IRAs? Should I put little in each or focus on 1 only?
Thank you!!
Mutual fund is a pool of money from many investors that are managed by fund managers. this is the easiest way for regular investors to get exposed to stock market without having to actively monitor the stock performances.
You can invest in mutual funds if you are not ready to get involve in stock market or have not enough money yet to buy stocks for yourself; but expect higher return than CD.
Since you are still young and be making pretty good starting salary, invest in stock market or real estate yourself. Stock market able to offer huge growth potential. On the other hand, real estate can offer you good sleeping income. Combining both, you are pretty much on track to financial freedom by the time you retired.
Step-by-Step Stock Investing for Beginners
http://www.stock-investment-made-easy.com/
http://answers.yahoo.com/question/index;_ylt=As61UR4DWXZnVDIVK6se6XLty6IX?qid=20070717183111AAk8IIS&show=7#profile-info-kFApW5uJaa
CD Rates
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Lombard Street : a description of the money market $3.55 I venture to call this Essay ‘Lombard Street,’ and not the ‘Money Market,’ or any such phrase, because I wish to deal, and to show that I mean to deal, with concrete realities. A notion prevails that the Money Market is something so impalpable that it can only be spoken of in very abstract words, and that therefore books on it must always be exceedingly difficult. But I maintain that the Money Mar… |
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Lombard Street a description of the money market $3.88 I venture to call this Essay ‘Lombard Street,’ and not the ‘Money Market,’ or any such phrase, because I wish to deal, and to show that I mean to deal, with concrete realities. A notion prevails that the Money Market is something so impalpable that it can only be spoken of in very abstract words, and that therefore books on it must always be exceedingly difficult. But I maintain that the Money Mar… |
