What are some sure signs of a good investment?

Asked by Britt

1 Answer

Log in or sign up with email
By submitting you agree to our Terms of Service
Answered by Paul Carag, Financial Adviser in Renton, WA
Hi Britt, that's an excellent question. The answer truly depends on what your goals are for the investment but I always like to lean on billionaire Warren Buffet's rules for investing: 1) Never Lose Any Money, 2) Refer to Rule #1; That's paraphrased but that's a good paradigm to follow. However, it also depends on your risk tolerance as well. At the end of the day, if you're earning a rate of return (guaranteed is even better) that will outpace inflation, and meet your end goals while taxation has been taken into account along with fees & charges, then you're in the right place. For example, if your money simply sits in a savings account in the bank, right now you're probably earning a minimal .17% - not only does that not beat the inflation rate of around 2.5% or 3% but you'll also pay taxes on that money at the end of every year. What are you thinking of doing or investing in? We can drill down on your expectations and goals and go from there. Sound good? | 08.20.15 @ 22:50
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 12.06.16 @ 14:14
Log in or sign up with email
By submitting you agree to our Terms of Service
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com

Answered by

Related Questions