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5 Answers
- UrsugardaddyLv 78 years ago
Get yourself a ROTH IRA account. Alot of people think your way when they are or were young. Its better to lay the foundation now so that it would be a lot easy within the future. Saving money is hard but once you get started, the money would do all the work for you. You are young so I strongly suggest that you get your self a Roth IRA account asap, if you do not have one. You can never go wrong with investing and saving for your future. You have many years of compound interest ahead of you. You could be a millionaire before you reach your retirement age so if you do not have a Roth IRA than get started with the Roth IRA account by contacting T-Rowe Price or Fidelity. It is suggested that you pick the Roth IRA target year fund set for the age 65.
https://individual.troweprice.com/public%E2%80%A6
https://investor.vanguard.com/corporate-%E2%80%A6
Get the Roth Account first than branch out into other investments, once you study and learn about investments. The target year account would adjust on its own. Don't waste your life and later on down the road, you would have alot of regrets. Take advantage of the company 401(k) or 403(b). Never leave free money on the table. Get this started today.
If you do not want to take risk. I would tell you not to invest into CDs. I got myself some I-Bonds while sticking some of my money within a savings account along with other things. Research I-Bonds you would get a fixed rate along with a variable semiannual inflation rate based on changes in the Consumer Price Index for all Urban Consumers (CPI-U). I am currently making 6% on some of my bonds, not all of them because I currently buy I-Bonds every 6months and the fixed rate changes every 6 months(some higher and some lower). The catch is you have to leave the money within the account for 1year and if you withdrawal the money before the 5year mature date, you would have to pay back 3months interests on your money. You can not lose money and your money would always stay above the inflation rate by investing within I-Bonds anyway you can start with as little as $25 and the max to put into the account per year is 10K..
http://www.treasurydirect.gov/
I was shocked with all the ways to make money through investing and if you conduct reseaerch yourself, you would be shocked also but I can not name everything via this message...Take Care
- ?Lv 68 years ago
Get into stock before it is too late while the valuation is still reasonable. We should have another bull market for the next 8 years or so. Another area is real estate in selected markets. Bond prices will collapse in the next few years as the interest rate goes up. Gold is stuck because people do not see a need to own them, only central banks are buying now.
- 8 years ago
if your young like me buy long term, fixed income bonds at 10+ [%] they will pay you out over your whole life!
- Anonymous8 years ago
Asia excluding Japan sector...
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