What is the best money investment program?
I want to invest my money. there are so many investment out here I do not know which to choose. A financial advisor will tell you anything. how do you know who is telling the truth. Anybody can tell me about stock and bonds? I need my money to work for me. I am working so hard I can not see my savings growing because my interest is under $7.00 from my bank. I am getting older I need to be well off before I get to 67 for retirement.
It is never too early to start saving, but ‘retirement is one of the greatest cons of all time. What you really want, what everyone really wants is Financial Independence.
Someone has set up a standard game plan for everyone. It basically goes as follows:
Age 0-5: Baby – Grow Up
Age 6-17: Child – Go to School
Age 18-21: Student – Go to College
Age 22-65: Adult – Work
Age 65+: Senior Citizen – Retire and Die
Retirement usually means that we are no longer dependent on work for our income and daily living needs. Our income is independent from our occupation.
So what you really want is ‘Financial Independence’ much earlier than scheduled for us in the standard game plan. In fact maybe the game plan we really want is more like:
Age 0-5: Baby – Grow Up
Age 6-17: Child – Go to School
Age 18-21: Student – Go to College
Age 22-39: Adult – Work towards Financial Independence
Age 40+: Financially Independent – Enjoy Life
So now that you have a goal of Financial Independence, you need to set a timescale to reach that by and a means of reaching that goal.
In this context you are generally talking about a savings and investment plan that will give you a sufficient amount of money to live off for the rest of your life.
You will need to equip yourself with the necessary knowledge and tools to make this work now.
To be successful you will need patience, discipline, and wisdom. But most importantly you need a plan.
It may prove expensive to acquire that much needed wisdom on our own. Learn by other peoples mistakes. Learn from other peoples successes. Read some books. Visit our local book store and find books that we like and feel comfortable with.
Some of the titles I have on my bookshelf include:
One Up on Wall Street by Peter Lynch
How to make money in Stocks by William J. O’Neil (Founder of Investor’s Business Daily)
The Millionaire Next Door by Thomas J Stanley and William D Danco
Check out web sites like fool.com and yahoo finance.
Investigate trading strategies with a proven track record over 3, 5, 10, and 15 years.
Diversify. Do not put all your eggs in one basket.
Pick something that you understand, find easy to use and will help you realise your goals. Pick a strategy where you can take responsibility for your investments and be in full control of your capital.
Systems like the Stocks Monthly system (which has generated an average return of 49%p.a. over the past 15 years) are definitely worth investigating once you are up to speed with the nuts and bolts of investing.
Think about using a lifecycle or target date fund. These are mutual funds that are professionally managed for you. The fund staff invest your money in a diversified portfolio, so you don’t have to do any money management yourself. The webpage listed below gives you more details.
References :
http://blogger.uncleleosden.com/2007/05/investing-made-simple.html
You can check out my website I can offer you a interest rate of 33% a year the account I recommend is 2.5% compounded interest monthly we have investment accounts in 4 different currencies
http://www.indiplan.com
References :
It is never too early to start saving, but ‘retirement is one of the greatest cons of all time. What you really want, what everyone really wants is Financial Independence.
Someone has set up a standard game plan for everyone. It basically goes as follows:
Age 0-5: Baby – Grow Up
Age 6-17: Child – Go to School
Age 18-21: Student – Go to College
Age 22-65: Adult – Work
Age 65+: Senior Citizen – Retire and Die
Retirement usually means that we are no longer dependent on work for our income and daily living needs. Our income is independent from our occupation.
So what you really want is ‘Financial Independence’ much earlier than scheduled for us in the standard game plan. In fact maybe the game plan we really want is more like:
Age 0-5: Baby – Grow Up
Age 6-17: Child – Go to School
Age 18-21: Student – Go to College
Age 22-39: Adult – Work towards Financial Independence
Age 40+: Financially Independent – Enjoy Life
So now that you have a goal of Financial Independence, you need to set a timescale to reach that by and a means of reaching that goal.
In this context you are generally talking about a savings and investment plan that will give you a sufficient amount of money to live off for the rest of your life.
You will need to equip yourself with the necessary knowledge and tools to make this work now.
To be successful you will need patience, discipline, and wisdom. But most importantly you need a plan.
It may prove expensive to acquire that much needed wisdom on our own. Learn by other peoples mistakes. Learn from other peoples successes. Read some books. Visit our local book store and find books that we like and feel comfortable with.
Some of the titles I have on my bookshelf include:
One Up on Wall Street by Peter Lynch
How to make money in Stocks by William J. O’Neil (Founder of Investor’s Business Daily)
The Millionaire Next Door by Thomas J Stanley and William D Danco
Check out web sites like fool.com and yahoo finance.
Investigate trading strategies with a proven track record over 3, 5, 10, and 15 years.
Diversify. Do not put all your eggs in one basket.
Pick something that you understand, find easy to use and will help you realise your goals. Pick a strategy where you can take responsibility for your investments and be in full control of your capital.
Systems like the Stocks Monthly system (which has generated an average return of 49%p.a. over the past 15 years) are definitely worth investigating once you are up to speed with the nuts and bolts of investing.
References :
http://www.fool.com/mutualfunds/mutualfunds01.htm
http://www.stocksmonthly.com
Buy at least 15 high yielding, large cap, shares each from a different sector. Reinvest any mandatory returns of capital, but otherwise don’t touch the shares. Recieve dividends and reinvest them until the dividends provide a large enough income stream to retire on.
I’ve been following this and now have 21 shares from the FTSE 100 (UK), not sure how this translates to the American Stock Market?
Listen to the podcast link below for a more detailed explanation.
References :
Motley Fool Website (UK) HYP (High Yield Portfolio).
http://www.fool.co.uk/money-talk/investing/2006/09/08/the-high-yield-portfolio.aspx