what do you think about investing money into the stock market?
Thursday, June 18th, 2009 at
9:09 pm
Joe asked:
i have some money saved up and i want to gain more than the one percent interest what do you think about investing it in an Ira or CD’s? Any suggestions?
i have some money saved up and i want to gain more than the one percent interest what do you think about investing it in an Ira or CD’s? Any suggestions?
Tagged with: Investing Stock • Ira • Stock Market
Filed under: Investing
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max out your IRA amounts before anything else. You can get a tax deduction this year and plan for a great retirement.
roth ira. contact ameriprise. they’ve done an outstanding job for us.
excellent idea. keep in mind that it should be for long term growth. If you have a chance to contribute to a 401K through your employer, do that FIRST! It pre-tax money so you effectively gain 15-20% on it immediately depending on your tax rate. The caveat is that you can’t withdraw until retirement age.
Otherwise, you should invest in a mix of things (stocks, bonds, CDs). An IRA is an excellent choice, but again, you shouldn’t look to withdraw from it until retirement age otherwise you pay penalties. CDs are great choices if you think you may need the money in just a few years.
You should have financial advisor’s available to you in Iraq within the personnel system. I know that to make money in the stock market as an individual, you have to be oline every single day and well versed in what you are doing. CD’s pay only about 3 percent on average which is just a bother and an IRA is always a good bet, but when you come home you may want a house and then the penatlies hit as you need the money. Thank you for being in Iraq for us. We all do appreciate you and all the other service members there; either military or civilian.
FOR LONG TERM, stock market is acceptable, especially if you are not going to check on it daily and worry about all the ups and downs of the market. There are good rates on savings and CDs, especially with banks with websites. One excellent internet bank is INGDirect.com. Investing in the market is best, though, through an IRA or 401(K) and/or with the advice of a professional
Over time (that is years) the stock markets have always been the best investments.
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I suggest ETFs.
IRA’s and CD’s are a good investment, but investing in the Forex is absolutely better. Earn more interest in the Foreign Exchange Market, in one month, than most banks will pay you in a year! I have averaged a 34% ROI on a monthly basis. The awesome thing is I manage a portfolio of $10,000 in no more than 20 minutes a week! If you are a newbie to Forex Trading, don’t sweat it, the platform I use does 95% of the work. It is a unique system and you should check it out if you are serious about earning more interest than a sorry 1%.
Best Regards
Chris Thomas
541-554-8140
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