Lux Investing
where to invest money?
should i invest money in stocks, savings, etc or real estate, get a vending route, open storage?
Public Comments
- Check out http://www.freelegitmoney.com
- You yourself is the best judge. You have mentioned all avenues of investment. And go ahead with any of them after careful considerations of the pros and cons.
- Invest your money FIRSTLY in educating yourself about great investments... From the list above I'd do the real estate first and then vending route. Storage is interesting as well. Stay away from the stock market. Savings are taxed. Keep your money moving in this way. Invest in an income-generating asset, get your initial investment back, leave the rest in the business to roll over and over...just like gambling. Bet $100, win it back, take it off the table and play with the house's money from there onwards.
- Not enough information. How much money do you have? What is it for? When will you need it? What is your goal - safety or growth? or both? etc.etc. If its pure return, for the last 170 years the hands down winner over any long term period is always stocks.
- Your first option, should be to open a retirement account. This is always a good investment, regardless of who you are. If you have fully funded your retirement account and would like other options, you should consider a DRIP Plan. They are seldom recommended by brokers due to the low rate of commissions received. However, these reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP's are one of the best strategies on Wall Street. They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan. Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases. These long-term plans are great for beginners as well as veterans. Check them out. Best of Luck
- Hi, Only you can decide. Gauge you're apetite for risk reward it might help focus you're decision. Igf you need help try out the following site it is packed full of articles, tips, resources and links you can use for all of you’re financial needs. Thanks http://www.good-financial-planning.info
- Invest in ETF's: ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% - 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read. http://debts-to-wealth.com/category/Why-Invest-in-Exchange-Traded-Funds.html
