Best way to invest money?

[blckmax]

I am a financial consultant with a national firm and for clients like you, that can afford to invest for the long-term, mutual funds, which are a fund that owns shares in good strong companies, is the best way to invest. You get the benefit of the growth of the market, while diversifying your risk. Long term growth rates have averaged over 10% with the funds and the fund families I work with.

Money market accounts, which are like savings accounts, pay a greater rate of return on your money, but still can't match the long-term potential of funds.

Remember - the key is "time" - the longer you have to invest, the better you will be. You don't need to take risks because over time the market will reward you with good returns!

Sorry to sound so much like a broker, but I've been doing this for a lot of years, and I've seen how well it works!

 

[RationalLunacy]

..........

 

[ineffablejk]

If you can put $500.00 a month away you are doing better than the national average.

I agree with what Surf Boy18 said, Mutual Funds. If you are doing it for a long term investment you should put the maximum in for an IRA or Roth mutual fund for the tax advantage. The theory with Mutual Funds is professional money managers are watching over your money.

 

[ineffablejk]

Sorry my error about the credit where due.

Go on line and get ratings for Mutual Funds find one you like. Watch for expenses and fees that the fund charges to invest your money. You want a low or no load fund.

The simplest way to start is to go to your bank and tell them you want to open a IRA or Roth mutual fund they will be more than happy to do it for you. After you learn more about the different funds, there are hundreds, you can roll over your account to something more aggressive.

I have made hundreds of thousands of dollars this way and so have a lot of other people.

 

[ineffablejk]

It depends on your tax position. I am guessing for your age a Roth. Who ever you choose to invest with can explain all of the different types of accounts and investments. I have both.

 

[ineffablejk]

I have a couple of different types of accounts that I have had for many years. Companies like Vanguard have blended funds. They blend different types of investments rated for the risk. The higher the risk the greater the return on your money. A blinded account is a blend of different types of risks.

Different types of markets have funds that have better returns. Who ever you invest with can recommend funds for you but you should educate yourself on what the market over all is doing. When we are about to go into a Bear market you want to get out of high risk funds. When we are in a Bull market you want more risk. This is just general advice. If you want more specific information send me a private e-mail.

 

[blckmax]

Hey there - sorry I didn't get back to you sooner. With a mutual fund you don't pick the individual stocks - they are part of the fund you choose. And you can try and choose your own, from the more than 20,000 available, or you can work with an advisor to help you.

I don't recommend going to a bank because they usually don't have the same level of expertise as an financial consultant. We are trained and experienced in this busines and can help the new investor to make the proper choices!

And yes, $500 per month can do very well over time. If you are interested, I'd welcome the opportunity to help you. You can send me a private email, or I can send you one and we could work on it together!

I am not sure how to send or receive one, but I could find out!

 

[buzzj]

I think a lot of it depends on your age. If you are a younger person, you ought to put at least part of your savings in the stock market--- where you have a pretty good chance of beating the hell out of 5%! The older you are, the more conservative your investments should be!

 

[okiedokie]

vanguard group, 500 index, lowest fees in the mutual fund industry