how can i invest now when i am still young and make sure i will have nest egg when i retire with the economy?

the way it is i wan't to make sure i have something to fall back on what is the best way to go bonds,cds what? help now for a better tommorrow

Public Comments

1. Depends on how young you are. Education is the most important investment you can make. Beyond that, stocks and funds are a great way to get high return with medium risk as long as you know what you are doing. Real estate investing can give you good cash flow from rent. Retirement funds like the IRA allow you to contribute on a tax-deferred basis and is also a great way to build a nest egg.
2. If you have a job, and they have a retirement plan, participate in that. And if they match your contributions to the retirement plan, contribute atleast up to the point that they will match. Then start a Roth IRA, with mutual funds, growth and income, and bond funds. More in growth and income the younger you are, and move more into bonds as you get older and closer to retirement. Then if you;re at a point where you can, buy a house. And after that start contributing to a non-retirement account of diversified mutual funds, a diversied growth fund and sector funds. Keep a few months worth in living expenses in a money market fund also.
3. Drop me a line
4. Get a old 5 gallon bucket($4.00) and go buy a 5lbs bag of quikcrete concrete($20.00) and a 3ft rope($2.00). Then look up online which insurance company will give you the highest pay out on accidental death coverage purchase that. Now go into your closet and find a old high school year book look through and find a old classmate that resemble s you most call this person and arrange for a meeting . Then mix your concrete solution remember to insert the rope like you would a candle wick leaving 2ft of rope exposed. Put that in the back of your car an go and meet up with your old classmate. The moment you see him take the end of your rope and swing the bucket at his face disfiguring him. Grab him put him in the car and drive to the nearest large water source dress him to your clothes tie the rope to his leg and aim the car off the highest bridge. Make sure to dump the car first then body. Insurance check should arrive in a couple months. Its probally gonna be the best return off an investment you will every get.Happy retirement.
5. If you are really young as you said, why not go with aggressive growth-stocks. Take a little a of risk becuase you have plenty of time to recover.
6. The key to investing is not what to invest in. The S&P 500, on average, has returned approx 11% per year. The key is to have the dicipline to always live below your means and to consistantly save and invest. It is no different to dieting or working out. It doesn't matter what machines you work out on, you have to drop the Big Mac and get your butt off the couch and get to the gym. My advice would be to find an amount of money that at the end of the month you will not miss. Then find a good no load index or growth fund and set up a monthly, systematic investment. The money will automatically come out of your bank account and you will never miss it. If you want to see how it will grow and the power of systematic compound returns, go to http://dinkytown.com and play with the savings and retirement calculators.