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lena asked in Business & FinanceInvesting · 1 decade ago

Can you tell me how, or where, is the best way to invest my money for the future,Say 20 years.?

10 Answers

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  • 1 decade ago
    Favorite Answer

    If you have a 401K plan with a company match take that even if you aren't going to be 59.5 in 20 years.

    If you don't have an IRA this year and can get one put the max in that next. You can take back your money without penalty and leave any growth for your retirement.

    Then invest in equities like mutual funds or stocks. The growth is taxed at lower rates and if you die still owning them the heirs pay no tax on the growth. These are the best for the most flexibility since you have no age restriction on using the money and since you already paid taxes on the money you invest it isn't taxed again only the growth so you can take out huge amounts in a single year if needed.

  • 1 decade ago

    Growth. If your plans are to retire in 20 years. Your already ahead if you start now. Continue to learn about money and stocks and go the safe route. Time is on your side. Choose anything that has med. risk and best interest for short term. Cd's are a great start and then dabble in Mute. Funds. If you continue to add and never take away from your money, but add 10% to 25% of your net paycheck to this fund (Dollar Cost Avg) you will be able to retire when your 60 or even 50 if you continue to learn about money as you go along and take only your own advice. Anyone including myself will be more than happy to watch you risk your life savings to take the risk or roll or the dice in order to have the bragging rights in the unlikely event you come ahead. Drip money into safe investments and be sure that you instill that it's your money, your retirement, and your life all wrapped into one act. Save it till you have massed enough to live off the interest and you have reached critical mass! Set goals and keep a record of your wins and losses. What you learned each month will compound your personal wisdom of finance. Learn about all you can and get involved with the tools of investing. Look for an investment group in your area and go to a few meetings. Once you hit critical mass. Start to give back and learn the art giving back and spending the rest of your life enjoying your bounty! So many die without spending or enjoying their proceeds. Give back to yourself with small incentives along the way. Good living is connected to having the money to control your life. Hang around those who share your dreams and goals. Beleive in yourself! Burn all your credit cards and only have a debit card that draws on your bank account. Cash only! Or live on what you make and can save. Get into the habit and you won't need any help. You will become the guru.

    Source(s): myself and my life.
  • Anonymous
    1 decade ago

    If the money will be used after you're 59 1/2 years old, a 401(k) plan and/or an IRA would be good ways to save.

    If the money will be need sooner than that, mutual funds are a good way to go if you want to do it all on your own. If you want to go beyond mutual funds, you need to find a good investment advisor to describe your options.

  • Anonymous
    1 decade ago

    Exxon Mobil, Royal Dutch Shell, Citigroup, BP, Bank of America, GE, HSBC, Total, Gazprom, Chevron, ConocoPhillips, China National Petroleum, Microsoft, Toyota, Petronas, UBS, Wal-Mart, ENI, AIG, J&J, Petrobras, Royal Bank of Scotland, E.ON, Ing, GlaxoSmithKline, Intel, Berkshire Hathaway, JPMorganChase, Pfizer, IBM, Santander Central Hispano, Wells Fargo, Samsung, Crédit Agricole, Verizon, BNP Paribas, Proter & Gamble, France Télécom, Deutsche Telekom, National Grid, Mitsubishi, Wachovia, Lukoil, Nestlé, BHP Billiton, Barclays, Novartis, Sumitomo Mitsui and HBOS.

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  • Adam J
    Lv 6
    1 decade ago

    Over a long time frame, you're best bet is probably the stock market, which tends to return 10-12% per year over the long haul, which is better than other asset classes.

    You just need to open a brokerage account. Try:

    www.zecco.com

    www.tradeking.com

    Then your best bet is to just buy a mutual or exchange traded fund that tracks the market. Mutual funds/etfs are essentially large pools of cash that a number of investors pool together and use to buy a large number of stocks-- this allows you to own a very small amount of a very large number of stocks, which is safer than buying just one stock.

    Try either of these funds:

    IVV

    SPY

  • Anonymous
    1 decade ago

    I think alternative energy, particularly wind energy, is the best place to invest for the next 20 years. You can see my favorite stocks are the following link:

    http://top10traders.com/ViewPortfolio.aspx?userID=...

  • 1 decade ago

    To answer this,

    depend on which country you are living;

    how much money you have;

    how much money you need from day to day;

    what is your purpose of investing;

    what is your personality;

    the quick answer is to buy 4x4 as much as you can, store behind your back yard.

  • 1 decade ago

    http://www.invest-for-retirement.com/ has a free book that can help.

    Use low-cost index funds, or a fund-of-funds from www.vanguard.com . Their moderate aggressive portfolio looks pretty good for a 20-year time frame, IMO.

  • Anonymous
    1 decade ago

    Mutual fund.

  • 1 decade ago

    buy a piece of land.

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