At 35 what are the best ways to start investing? Mutal funds, fidelity bonds?
Answers:
The best way to invest depends on many factors only one of which is your age. One of the main factors is what is the investment intended for. If its retirement then the two above who mentioned Roth IRA's are correct. If you qualify for a Roth they are one of the best vehicles you can put your investments in. If you are investing because you want to buy a house in 10 years then a Roth isn't as good of a choice. Another key factor is your risk tolerance. Or put another way, your ability to tolerate volatility. Once you can answer these questions you are ready to start thinking about putting an investment strategy together. The important thing about investing is that it is long term. It is not a get rich quick scheme and its not gambling.
IMO the best thing for most investors is to have a diversified portfolio of mutual funds. Either good actively managed funds or index funds (I'm not going to debate that here). What you should look for is some broad US Stocks across all cap sizes, some international, US and international bonds, and some specialty like commodities and/or real estate. What percentages you put where will depend upon your answers to the questions mentioned above.
If you don't have enough money to put together a portfolio like this then I would recommend a fund like Ivy Asset Strategy. I own this fund and love it. It allows the fund managers to invest in any asset class they thing has an opportunity to yield a good return. The nice thing is they aren't locked in to any pre-determined formula so they can fluctuate with the changing circumstances.
The MOST IMPORTANT thing though is to start now. The sooner you start the better. I always say its more about time IN the market then timing the market. Get in soon and let the power of compounding interest work for you. You won't be disappointed.
If you don't want to work at it, open a Roth IRA and invest in mutual funds -- that way someone else will do the work for you. The better way to go if you have the time, is to open a Roth and then read as much financial info. as possible...-- some good ones are "One Up On Wall Street" by Peter lynch, Investors Business Daily, "Beating The Street" by Peter Lynch, "Mad Money" by Jim Cramer. Go with a brokerage account like e-trade if you plan on trading a lot or you'll pay a lot in commissions. Good Luck!
Depends on how much money you have.
If you have $2,000 go for a Fidelity mutual fund with a good return with no fees.
If you have $10,000 pick 5 different mutual funds.
If you have more than $20,000 put half in mutual funds and the remaining half in stocks, if you know what you are doing.
Take action NOW. This is all you need to know. Go to
http://www.vanguard.com
Open a Roth IRA.
Put your money into VFINX (S&P 500 Index Fund)
Sign up for automatic checking account small withdrawals
Once you have done the above, then you will have plenty of opportunity to figure out what to do next. YOU DO NOT need further research at this time.
DO IT NOW!
P.S. No one will disagree with this advice.
This would depend on how much knowledge you have about the markets. Go with what you have some knowledge of. Key work in all trading in all markets is RESEARCH.
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