Retirement investing

[Goin For Snow]

Generally
put your money in to a well round portfolio of mutual funds every year and let it grow? i have talked to many people and i dont get a real definate answer. Maybe there isnt one?
I don't personally dont have the time (or skill) to buy and sell stocks.
I know that land has always been a good investment, unless you pay cash, add the interest/taxes and subtract it from what sell it for down the road, what really is your return? Maybe i am wrong here.
What has everyone been doing?
Fosgate
i seen you are a FA on another thread. You gonna want a downpayment before you suggest anything.

i have bunch of things going, but am curious about what everyone else is doing.

 

[Camden]

If you're unsure of what exactly to do then perhaps you should chat with a financial adviser. They don't charge a dime for talking to them and just picking their brains can be very helpful. Your bank most likely employees an investment manager so you could probably start there.

You're going to get a lot of great advice from the guys on here but when it comes time for brass tax, I would let a true professional guide you.

 

[redlineguy]

If you don't have time to do recearch mutual funds are the way to go. I have a 401K for my Company set up using American Funds, The Best IMO.


http://pr.retire.americanfunds.com/home.htm


Last year out of the 6 funds I have money in the worst was a 17% gain.

Over the long haul American Fund will be VERY hard to beat.

Also look into a Roth IRA, The Tax bennies are GREAT if you can have one.





.

 

[Fosgate]

I would definatly seek the advise of an Investment Advisor. And in order to give any recommendations they must perform a risk analysis on you before giving a proposal (called know your customer, reg by the SEC). When it comes to investments I would definatly not listen to heresay or what Bob did etc. What works for one will send another into a panic to get there or may not be forming as expected. Be careful of funds management fees and when they are paid (Up Front or in arears) And be aware how the funds are treated when you cash out (LIFO, Last In First Out, or FIFO, first in first out). And not that I'm recommending it but if you are interested in mutual funds for long term growth and income (that is if you fit the risk), take a look at American Funds-Income Fund of America (Have a broker show your their Booklet that shows their performance since the great depression and prospectus.

http://www.americanfunds.com/funds/details.htm?r=h_c&fundNumber=6

 

[Goin For Snow]

maybe i just havent talked to the right person yet. it seems the ones i have talked to want to sell me something they have.

 

[ouch]

My buddy sent me this.... Found it helpful

Retirement information If you had purchased $1,000.00 of Delta Air Lines stock one year agoyou would have $49.00 left. With Enron, you would have had $16.50 left of the original $1,000.00. With WorldCom, you would have had less than $5.00 left. But, if you had purchased $1,000.00 worth of beer, one year ago, drankall of the beer, then turned in thecans for the aluminum recycling REFUND, you would have had $214.00. Based on the above, the best current investment advice is to drinkheavily and recycle.

 

[MountainPowder]

If you don't mind a little work/headache, you might want to look into investing in some income producing real estate in addition to stocks, mutual funds, etc. With the housing market slumping big time, soon will be the time to buy for some good deals. Look at wealthy people, many of them have made their fortunes in real estate. Do it right, and you'll have your renters making the payments for you, while your properties appreciate and get paid off. Just something else to think about.