Localfund.com - All about Fund and Investment
*Home>>>Invest Money

Where is the best place to invest your money?


I have been at the same job for 4 yrs, i am leaving this job soon and i dont want to get into a 401k here and the job I am going to doesnt have one, it is a nutrition place and wellness center for women. Where is the best place that i can invest my money to have it come directly out of my checking account?

you have several options available to you. a 401k is really the best investment for retirement but since you don't have that option available an IRA is a good investment. there are 2 different kinds of IRA's the first is the traditional which I recommend, you can write off the amount of money you put into the account on your taxes for a tax credit every year that you add to the account. however the interest on the account is taxable when you withdraw the funds. a Roth IRA is the second type, you can not write it off on your taxes each year however because you cant write it off on your taxes you aren't taxed on it when you go to withdraw the money. both types of accounts you can put in a max of $4000 a year. and both have penalties if withdrawn before age 59 1/2. there are also many different types of annuities that are also a good investment. Most banks now days offer several different investment options and they have financial planners which are typically free to talk with who then can take into consideration the whole picture with your finances and help you make the best decision for you and your financial status.

Real estate.

Real Estate, actually. Its the safest.

Otherwise, if its just a small amount, try getting a Roth IRA. You need 2000 dollars to start it, but theyre very good, tax wise, and you can still use the money to buy a home later, without penalties. Also you can use it for college. Otherwise you cant touch it without penalties before youre 54.

http://search.yahoo.com/search?ei=utf-8&...

When someone says that she has money to invest, I'm assuming that she already has cash set aside in a money market account that will cover 6 months of regular bills. I'm also assuming that all of her credit cards aren't carrying any balances. That said, you also need to decide on a goal. Is this a short term goal that you're investing for? If so, maybe a high yielding money market fund like Vanguard Prime Money Market (currently 4.9%) would be a good place to park some cash. If you have a longer time horizon, how about starting with some Vanguard index mutual funds? The minimum investment is low and most index funds do better than managed funds. If retirement savings is your goal, Vanguard (along with other mutual fund companies) have these "Target Funds". You set your retirement year, and the fund company automatically balances your investments between stocks and bonds based on how many years you have until retirement.

Boy, I bet you didn't know that was such a loaded question, did you? ;)

Roll your 401(k) over into an IRA with a brokerage firm.

Have money taken out and put into a savings account. When it reaches $2000 open a Roth IRA at an online brokerage company and invest $1000 there. I would keep alternating between building up my savings and building up my Roth IRA鈥?Savings is important for those emergencies.

There are some very beneficial things about a Roth (though you can鈥檛 use it as a tax deduction).

I would choose an indexed mutual fund. Personally, I like the ones by Vanguard because of the very low maintenance fees.

Get on the internet and learn about 鈥榠ndexed funds鈥?and 鈥楻oth IRA鈥? There are rules about Roth IRA鈥檚 that you need to know about. Yahoo has a financial page with some good information to start learning, but you鈥檒l find others as well

More and more we are going to have to be responsible for our own financial well being and you can only achieve that by educating yourself. Think of it like a Wellness center for Women only it鈥檚 a Wellness center for Finances鈥?br>
Good luck

I would suggest that you go for swisscash investment ..
swisscash was created under swiss mutual fund (1948) s.a...
their target is global investor like us..
-Less risk and high return
-no need to expert in internet..
-no work..
-invest once (optional re-invest)
-monthly profit and can be withdarwal everymonth..
-payment through wire payment / telegraphic transfer
-withdrawal through out going money transfer that will directly credited into your local bank account
-profit 300% returns guarantee in just 15month..
-investment range usd100 - usd100,000
-SMS technology to notify you (handphone required)
-give you up to FOUR plan of income..
-asure you to change your life..
-FREE registration and easy to register
-If you doesn't want to invest just leave the account and then after 14days it will automatically terminated
most importanly its LEGAL..
need more info? just send me e-mail and i'll reply a.s.a.p
+ fee free to visit this website:
www.swisscash.biz/mymoh5526303

i am still looking for the best answer!!

Real estate lady. Read " Rich Dad, poor Dad " by Robert Kiyosaki.

Tags
  Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund
Related information
  • To pay or to invest? my student loan is @ 7 % and I just received enough money to pay it all off!?

    Paying off a 7% loan is a guarenteed 7% return. Right now you can't get that anywhere else. Yes the markets return an average of 10-11% per year, but that's not guarenteed. Pay off t...

  • I can get a mortgage loan for $0 down, should I invest my money else ware, or should I place a down payment?

    The more the down payment,the less the interest.

    ...
  • Is there a website that I can invest play money in? If so how?

    www.marketocracy.com good luck.

    ...
  • Living at m猫xico... how can I invest small amounts of money in DPR麓s?

    Hello Mr.Mexico, hope u r doin fine... Ithink i've read the right question. i'm a sri lankan living in bangkok, thailand. just yesterday i posted a question asking for investors. B...

  • How do i start off small and invest my money into stocks?

    try sharebuilder.com, set up automatic investment plan to buy exchanged traded indexes. (ETFs)

    ...
  • Will a bank in the UK lend me money to invest in shares (known as "gearing")?

    I would suggest finding a broker that offers margin (basically they lend you up to four times your account balance, and charge you interest on the lent amount at around 6-10% apy, depending on the ...

  • Is it legal to use other people's money to invest in stock and keep some for yourself without a license?

    plain and simple....it is perfectly legal. beyond that if you are doing it informally i.e. friend, family, etc. no paperwork need be file beyond ordinary tax docs. if setting up a limited partnersh...

  • Invest money today to get annuity after 20 years for life?

    An annuity can be purchased at almost any time. Many people feel an annuity is a "dreadful" investment, but statisically, that isn't true. Recent studies on annuities show they are...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster