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What type of Accounts/ Investments do I need to make in order to retire early?? |
Hi, I am a College Student in my 20s And I want to plan for my future NOW. I want to retire early ( like in 15-20 yrs) What type of Investments do I need to Make?? AND what type of Accounts do I need?? Dear Snowbunny, your goal is attainable.You will have to educate yourself. While it won't happen putting your money in mutual funds, until you have learned how to analyse stocks that's the best place to be. Yahoo finance can help you in selecting well performing funds. Good sites to help you learn how to invest are out there but there aren't many. Be patient. Finding someone who can serve as an investment guide would be useful as well. Cuts down on mistakes.Good luck. unless you have a very high income, it isn't likely that you could save enough for retirement in that short time period Assuming that you'll have enough money, try these options: You need a brokerage account with someone like Fidelity or Vanguard...deposit money there and invest in some pretty aggressive mutual funds... some international funds are making returns in the 40 to 60 percent area andTHAT'S what you would need to get the job done in 15-20 years!! there are none now,all markets in a panic sell off |
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