What Are Top 5 Investment Options For My…
It would be great if you can help me out with the available top best 5 investment options for my nephew…thanks in advance!
Well you need to specify what his age is, income, current cash for investment, how much risk he is willing to take etc.
Unified Theory of everything Financial
Revealed in Dilbert and the way of the Weasels
By Scott Adams
1. Make a will
2. Pay off your credit cards
3. Get term life insurance if you have a family to support
4. Fund your 401k to the maximum
5. Fund your IRA to the maximum
6. Buy a house if you want to live in a house and can afford it
7. Put six months worth of expenses in a money-market account
8. Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement
9. If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner, not one who charges a percentage of your portfolio
Check the bottom line: A portfolio with an asset allocation of 70% in Vanguard's Total Stock Market Index (VTSMX) is doing just fine, performing remarkably close to the S&P 500 index. Moreover, that simple two-fund portfolio is perfect for the vast majority of America's 95 million investors who are passive much as Adam's Dilbert character.
The truth is, most investors have little or no interest in Wall Street's casino action; all the time-consuming research, the sophisticated stock-picking tricks, the costly trading necessary to play in a market drowning in 10,000 stocks, 18,000 funds and more than 100,000 bonds. Most investors have jobs and kids as their top priority. Moreover, Dilbert's simple two-fund portfolio compares favorably with our other lazy portfolios.
Also take a look at this:
20 Investments you should know
http://www.investopedia.com/university/2…
On the other hand:
Maybe we should all be thinking of survival, in addition to future investments. in that sense, we should be in precious metals, T-bills, cash, gold coins and numismatic coins in a safe-deposit box in several countries.
The best place I've found to purchase precious metals is here:
http://www.apmex.com/Category/503/Silver…
You would be ill advised to take investment advice from strangers whose qualifications & motives can never be know.
Worse yet…. you've given no information that would help a knowledgeable help you. Sometimes the easy way out is just plain dangerous and stupid (as viewed 5 or 10 years from now)…….
Read:
Mutual Funds For Dummies (as a starter book)…..
What Are Top 5 Investment Options For My Nephew?
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