EPTconsider a ROTH IRA or your employer's 401k. Many employers will match a 401k contribution up to a certain % so it is definately worth putting extra money in there before your own investment account. A ROTH IRA is another retirement option where someone is allowed to pay taxes up front and avoid taxes on any of the gains. If you're worried about not being able to touch this money until you retire, i believe there are ways around this that i am not as familiar with. for example, these accounts let you borrow the money from yourself and i think the money can be used for home purchases also without penalties.
[G] Investing (part 1) - Page 2
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geometryb
United States1249 Posts
consider a ROTH IRA or your employer's 401k. Many employers will match a 401k contribution up to a certain % so it is definately worth putting extra money in there before your own investment account. A ROTH IRA is another retirement option where someone is allowed to pay taxes up front and avoid taxes on any of the gains. If you're worried about not being able to touch this money until you retire, i believe there are ways around this that i am not as familiar with. for example, these accounts let you borrow the money from yourself and i think the money can be used for home purchases also without penalties. | ||
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paina
6 Posts
On November 20 2010 23:30 Happy.fairytail wrote: I'm entering my 4th year of equity research, and I'm still cautious in giving out any kind of financial advice. I'm only comfortable making calls on maybe 7-10 stocks, at most? This is basically why most individual investors (ie. non-professionals) shouldn't even try to beat the market because you are basically up against professionals that are analysing the same few stocks day in day out. I can't really give advice on what to do but if you were to look at the actual performance of most fund managers over time they are horribly poor. Fees destroy your returns so if your gonna try pick individual shares then great, you might get lucky and you can brag to your mates, but I guarentee you don't have a special insight into a share that professionals haven't already priced in. | ||
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shinosai
United States1577 Posts
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