Shadow

Investing Money in 2014 and 2015 for Retirement

Investing Money in 2014 and 2015 for Retirement

In 2014 and maybe 2015 and beyond, investing money will be more difficult, and putting together the best investment portfolio may mean investing money in security versus higher investment returns. The best investment ideas are fine choices. There is little that is normal in today’s financial world. My reasoning and background follow.

Investing Money in 2014 and 2015 for Retirement
Investing Money in 2014 and 2015 for Retirement

I did a Master of Business Administration (finance) in 1971 and knew nothing about the world of investing or investing. I actually found it quite embarrassing because the adults I would meet in the business world thought I might have the best investment ideas in my pocket because of my education. The following years were not the best investment climate, and in 1972 I became a stockbroker in Columbus, Ohio. I learned very quickly what my job was really all about: selling investment ideas… SELL the sizzle, NOT the steak.. I was briefed by my sales manager.

Investing Money in 2014 and 2015 for Retirement

It’s a game that, after forty years, I find depositing has changed very little. The best investment is nearly impossible to find, and the world of deposits is primarily a sales game aimed at uninformed investors (more than 90% of the investing public). I once read that NOW is always the hardest time to deposit. I’ve seen tough times in the markets for over 40 years and I’ve NEVER repeated that phrase until now.

Right now, I’m afraid this is actually true. Allison and I have three kids who are basically in their 30s trying to make it through in a tough world. This is an absolute must if they don’t want to work for the rest of their lives. Many people my age are covered by pension funds and other benefits, but this is not the norm for 2014 and beyond. Now let’s get down to business and talk about investing money in 2014 and beyond; and the best investment ideas I could gather as an older (but still top of my game) retired financial planner.

Investing Money in 2014 and 2015 for Retirement

If you have a 401k at work join it and get the most out of your employer’s matching contribution if your company offers this feature (it’s free money). Depositing here is automatic and almost painless. This is one of the best investment ideas available to save a nest egg for retirement. Plus, the tax benefits will put a smile on your face every year during the income tax season.

Open a Roth IRA with a large family of NO-LOAD mutual funds and start depositing every month with automated investment plans. Type “no load funds” into a search engine and you’ll see some of the biggest and best fund companies like Vanguard, Fidelity, and T Rowe Price at the top of the page.

Call them for free if you have questions – are you eligible, how much can you invest per year and will they send you free publications? A Roth IRA (or Roth 401k if you have one) is one of the best investment ideas to save money for retirement. A Roth account (IRA or 401k) is a TAX-FREE investment as long as you follow the rules. It’s as good as it is tax free and hard to find.

Investing Money in 2014 and 2015 for Retirement

Mutual funds are the average investor’s best investment vehicle as they offer both professional management and instant diversification in the form of a managed portfolio of stocks, bonds and money market securities. When you invest money in a fund, you own a very small portion (your own shares) of a very large investment portfolio. Investing in funds always has a cost.

All funds are charged for annual expenses. This can be less than 1% per year on NO LOAD FUNDS, no selling fees and no extra ongoing management fees when you deposit. Or, if you’re working through a sales representative (financial planner, consultant, or anything), you can pay an upfront 5% on sales fees, 2% or more on annual expenses, and 1% to 2% on additional management fees when you make a deposit. ).

Investing Money in 2014 and 2015 for Retirement
Investing Money in 2014 and 2015 for Retirement

One of the best investment ideas for 2014, 2015 and beyond: keep your investment cost as low as possible. This could make a difference of tens of thousands of dollars in the long run. A dollar saved is a dollar earned.

Investing Money in 2014 and 2015 for Retirement

Do everything you can to learn how to deposit money; and specifically about stocks, bonds and mutual funds. Once you understand stocks and bonds, handling mutual funds is child’s play. What are your employer’s investment options in the 401k plan? The vast majority of these are likely mutual funds – mostly stock funds, bond funds, and/or balanced funds (which invest in both stocks and bonds). There will also likely be one or two safe investment options that pay interest: a money market funds and/or a stable account.

Investing successfully in 2014 and beyond can be overwhelming due to today’s investment climate. First, record low interest rates mean that interest-paying safe investments pay almost nothing. Second, bonds and bond funds pay more interest, but interest rates are n.

Leave a Reply

Your email address will not be published.