Investing For the Future...Need Advice!
 

Ok so we're FINALLY ready to start investing money for Tony's future :) Mine too, but mine is further off. :)

Which is the best way for newbie investors to invest their money?
We were looking at either IRA or Mutual Funds.

Any advice is greatly appreciated!!!
Thanks.

i KNOW you guys have advice for me!

Ira with index funds is the first step. get a low fee fund.

ok.
thanks.
anyone else have any suggestions?

grab a stock, put $50 into it every month (do some research on it first to make sure its a nice & steady stock that will make you money here & there for years on end)...and let it sit there for 25 yrs. should have a nice chunk of change in 25 yrs.

IRA...max it every year. Money left over mutual fund.

I know I not much help, hope others are more helpful.

Good luck and remember never to dip into or take a loan out on retirement money to pay off unsecured debts even if you take a loan out on your 401 plan. :)

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lol that wasn't very helpful at all.

Rental property. Mainly 2-4+ unit buildings.

Capital first, then IRA, and so forth.

:pimp

buy up some land

never put your eggs all in one basket :helpme

Mutual Funds

IRA and ROTH IRA are tax free.. you there are also college funds that have very good tax advantages..

I'm assuming Tony is your son.

An old boss of mine had a wife that worked in the investment branch of their bank... and before they started investing, what they did is they put $1000 into a 1 year TBill or the like each month.. and they did it for say 5 years (you could just keep going if you make enough extra cash)... that way, each month you have some "cash" coming available ($5k each month after 5 years) in case life turns bad.. If nothign happens you just reinvest it.. and you earn the interest on it.. I've always thought it was a damn good idea...

If its a long term thing (as all investments should be) then property is the best bet.

I have someone you may be interested in talking to. Contact me on icq, and I'll put him in touch with you.

I believe the fund pays 24% annually. Principle locked in for one year.

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you can have my 1245 google stock :)

property...we are in the process of buying this house, the others on the block have gone up an average of $12k a year for the past 3-4 years...this neighborhood is only going to get more pricey

Tony is her husband :winkwink:

You each need to get IRAs and then go from there. I'd look at real estate after that, especially since we're located in an area that is going up steadily (not booming like CA/NV/AZ, but still steady).

investment consultation at GFY :1orglaugh 8 out of 10 people here dont have 2 wooden nickels to rub together

you'll make money in the long run but buying now isnt smart

if tony is my son we would have to answer the age old question...how does a 25 year old woman have a 41 year old son?
he's my hubby.

i know some people here have done very well with investments and wanted opinions.
i'm not looking for expert advice.