i did a search for this, but i didn't find what i was looking for.
i want to invest for my future, what do you ladies suggest?
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i did a search for this, but i didn't find what i was looking for.
i want to invest for my future, what do you ladies suggest?
I love the financial advisors at my bank. I invest in mutual funds (stocks/bonds). I have a ROTH IRA and regular brokerage accounts.
I would love to invest in property. My accountant is always telling me to do that b/c it is easier on your taxes.
Find someone that you really trust. I ditched 2 FA until I found 2 people that work together that I really trust.
I have some cds too. But I am waited until those mature and then I am going to do something else with them.
Remember that you should have enought to live on for like 6 months in an account that you can easily liquidate. JIC
I personally am looking into a Roth IRA... a website that I found some info on (that is in ENGLISH and simple to understand) is the section.
A few articles from above site:
Good luck!
Me!!!!! ;D
Real estate!
Moving out of Houston would probably be the best place to start !Quote:
i want to invest for my future, what do you ladies suggest?
first, define 'future'... are we talking retirement, or simply the next 20 yrs, etc.
Roth IRA is fabulous, but of course is for retirement purposes, but, you really should start early... time benefit of money is HUGE. try any online calculators and you will see... i use ingdirect.com for my Roth.
the best advice i can think of is to DIVERSIFY whatever you do. picking just one, real estate, stocks, etc... can leave you unbalanced and inherently more risk prone to market fluctuations.
I'm sorry, I couldn't resist:
hahah
i was thinking about stocks first... to make a bit more money, then doing the whole real estate bit. would that be a good idea?
just my personal opinion, but there is an old saying among stockbrokers that goes like this "Sell stocks in May, and then go away" ... and this old saying is true more often than not --->
also just personal opinion, but where real estate is concerned the general concensus is that an increasing number of 'distressed' sellers will continue to add to the already record high inventory of unsold properties ... leading to the conclusion that real estate prices aren't even close to bottoming out yet. Of course real estate is very location dependent, so this may not be the case everywhere in the USA. But Houston real estate was already having 'Enron' problems before the latest round of rising interest rates and ARM mortgage payments. --->
again my personal opinion, but with present CD interest rates it really doesn't make much sense to take a gamble on a stock market fund that now has the potential for small gains as well as small losses, when the gov't guaranteed zero loss rate of return available on CD's is almost as high. It does sometimes make sense to take a 'gamble' on particular stocks which have a large potential for gains for particular reasons ... but just like at a casino these stocks also have a major potential for losses.
Also, just my personal opinion, but sometimes one of the best investments that you can make is investing in yourself ! In my own case, investing in plastic surgery provided a far higher rate of return (i.e. vastly increased my earnings potential as a dancer) than if that money had been put into stocks or CD's or real estate instead.
that's an awfully big question...it's sort of like asking "I want to get in shape, what should I do?"
You need to ask yourself some questions before you begin....
1-How much do I make?
2-How much do I spend?
3-How much debt do I have?
4-What is the goal of my saving? Retirement? Passive income? Something else?
5-What time frame do I have to save my money?
6-How risk averse am I? Am I willing to take a chance with my money, or will I always be worrying that I'll lose it?
7-What major life events will be coming up that I need to financially plan for?
see where I'm going with this? If you know what you want to do, then you can go from there.
In fact, if you answer those questions, I can probably give you an idea of what to do...if you want the help.
Houston is a land of opportunity, just not for stripping.
Houston's real estate bubble finally popped in March. It had been slowing down since last June, but in March the YOY finally went negative in number of sales, and the YOY and month to month number of listings is rising.
Expect our foreclosures to start escalating. We're lagging 10-12 month behind the national curve. I expect other "strong" markets are doing the same, just lagging a bit behind. Real estate is local, however all markets will responds to the current national stimulus.