| Young and investing for retirement |
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sinusone
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 24 Mar 2010
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| Young and investing for retirement |
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Hi,
My name is Joe and I'm a 22 recent college grad that has been working fulltime for about 6 months. I have no credit card debt and have paid off my student loans . I rent an apartment and therefore do not have a mortgage yet.I have an emergency fund already and will hit the max contribution for my 401k $16,500 by the end of 2010. I will open a Roth IRA account and invest the maximum this weekend, $5000 for 2009.
I must say I'm reading and reading but I am still very confused on what I should really invest in. I've read a lot about how the younger you are, generally the more risk you can take when investing, usually in stocks. But I've also read index funds usually will do better the same if not better than stock with less effort from the investor too.
For my Roth, any advice on what to invest in, what brokerage to open it at, any specific reading material someone can point to that may be helpful?
Thank you, any feedback is greatly appreciated!
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Wed Mar 24, 2010 11:34 pm |
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happygoandy
New Poster
Cash: $ 0.40
Posts: 2
Joined: 25 Mar 2010
Location: London
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Hi Joe,
Sounds like your in a great place, But don`t rush into everything just yet, e.g
there are so so many different campaigns advertising all kinds of beautiful things in making a quick buck or as you may think. I like to call it jumping down the wrong rabbit hole and never coming back out again.
Depending on what you find yourself choosing be wise !!!! I`m a Internet Marketer and I have jump down many rabbit holes, But I have found one proven source, which has everything you need learning from all the big dogs. Teaching you from the ground up. Even if you want to start a home base business or a brick & mortar business ! More info Joe you can contact me.
Remember you are new gold and grubby marketers are going to want to steal you! Take care Andy.
Happygoandy a serious Entrepreneur 
Helping people from jumping down the
wrong(Rabbit Hole)
http://sculptureyourdream.com/
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Thu Mar 25, 2010 1:24 am |
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cashesh
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 25 Mar 2010
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Well that question can't be quickly answered. Are you a risk taker? than for for bigger returns. Are you more conservative? Then go for smaller returns. There is ALWAYS a risk when investing, and as such, the bigger returns you can make, the bigger losses you can make! Understand this first and foremost! Spread out your investments in different stocks/bonds/commodities is a fairly decent start, and be very Patient.
http://www.debt10.com
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Thu Mar 25, 2010 5:25 pm |
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