Quote:
Originally Posted by NJSPEEDER
IRA's = crap
you can get better interest from any number of the online bank savings accounts and still have access to you money before you are 62.5 years old.
if you are going to invest at a young age, go with medium to high risk mutual funds. if they pay off in teh next 5 - 10 years you can retire early, if not, you are still young and can rely on medium risk investments to still deliver a retiement a few years early.
don't waste your time investing in the blindly safe stuff until you are at the point that you won't have time to earn back any losses incurred. any time before 35 years old, go for it and hope to retire at or before 50.
|
IRA Crap?
Between Kims 401 and my Roth I avg 14% return on my money last year and 18% the year before.
I should avg 15% this year. All are high risk investments though.