Lux Investing
What is a good medium to hih risk way to invest money, wihtout having to manage stocks?
Im looking for places to invest some money. But i dont want to invest directly into the stock market, because i do not know enough about it. Should i get annuties, mutal funds, etc....?
Public Comments
- high risk.. variable annuities
- I would talk to a financial adviser or two or three. You will be able to talk about your goals and your current financial situation. Unfortunately, some financial advisers automatically steer people to investments which provide the highest commissions to the adviser instead of the ones that are best for the client. Be aware that most annuities are VERY HIGH commission sales for advisers. In my experience, most of the time an annuity is not the best way to go for the investor. Steer clear of the annuity scam. There are some very good mutual funds that could be recommended that manage your investment for you so you don't have to worry about researching tons of stocks. Also, diversify. Don't put all your money in one place. Spread it out a bit and watch it grow.
- Growth or Aggressive Growth mutual funds with low expense ratios. I like Vanguard https://flagship.vanguard.com/VGApp/hnw/FundsByObjectiveDetail?category=DomStockAggr because they have such low expenses. Avoid annuities like the plague. Salespeople will talk them up because (surprise, surprise) they pay terrific commissions to the salespeople that sell them!
- Annuties are good for people who want "guaranteed" current income for the rest of their lives, not for growth. I vote for a global mutual fund specializing in a sector of the economy likely to grow faster than most sectors - Technology. Something like T. Rowe Price's or Seligman Global Technology funds. Fidelity should also have one, as they have so many funds.
