Asked anonymously
What's the best way to invest to have your money work for you?'
Answers | 7
Answered by
Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
There are two simple steps you can take to invest in the stock market. First, go to a major mutual fund company (Vanguard, for example) and open an account and invest in a "target date retirement fund". This is one stop shopping in that they make all the decisions for you. Then set up an automatic monthly contribution to this fund. Then relax and let the years pass by.
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Answered by
Winnie Sun, Financial AdviserPRO+ in Irvine, CA
Everyone's situation is unique and needs are different. If you haven't considered doing so, I would recommend taking the time to plan out your needs. Have a financial plan in place for important goals such as retirement planning, paying of the children's education, etc. Just like building a house, it's best to get the framing right before selecting the individual investments. Please don't hesitate to reach out if you'd like to chat about it.
$commenter.renderDisplayableName() | 07.20.17 @ 12:46
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Answered by
Christopher Nesbitt, Insurance Agent in San Clemente, CA
There are numerous investments which can effectively grow your money, not just the stock market. Contact a professional and start talking, dreaming and planning!
$commenter.renderDisplayableName() | 07.20.17 @ 12:46
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Answered by
Gregg Himfar, Financial Adviser in Carlsbad, CA
Grow through investments that offer tax deductions (SEP, Simple, IRA, 401K) or a combination of deductions and tax deferral. If the money grows, then its essentially working for you. If not, then at least you get a deduction and pay less taxes. If I'm correct, this answers half your question. The other half depends on a host of additional information - such as goals, risk tolerance, and return expectations.
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Answered by
Phillip Christenson, CFA in Plymouth, MN
There are a million ways! You could invest in a business, real estate, stocks, art/collectibles, etc. But key is to figure out what you are trying to do, how much work do you want to do, and how much risk you want to take. Then find the investment that aligns with your goals.
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Answered by
James Biasotti, Financial Adviser in Roseville, CA
Don't buy depreciating assets. :)
$commenter.renderDisplayableName() | 07.20.17 @ 12:46
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Answered by
Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
The best way to invest is Rule #1 which simply means, don't lose money. The 2nd rule of investing is go back to Rule #1.
Your money works for you in Rule #1 through a CAGR or Compound Annual Growth Rate.
There are many strategies that focus on wealth redistribution. Our focus is wealth creation. As a Fiduciary, we always do what is in our clients best interest. Therefore, we demand that our clients looking for ROI get it.
Keep in mind that there are 2 types of investing-both require your money to work for you
1) Growth through a great CAGR
2) Cash flows through a great CAGR
Some folks have more time than others. Any average Investment Manager can get you a good ROI. The discipline and training from all parties involved is in keeping the $$ as per your requirements.
Keep in mind that by reinvesting cash flows growth is also achieved. We just both need to be on the same page with more going into your pocket than what is coming out of your pocket until you tell us your pocket is full. We invest our pocket with yours and demand your satisfaction.
Please, send me a message to discuss more.
It's not what you make, It's what you keep that determines your lifestyle.
Your money works for you in Rule #1 through a CAGR or Compound Annual Growth Rate.
There are many strategies that focus on wealth redistribution. Our focus is wealth creation. As a Fiduciary, we always do what is in our clients best interest. Therefore, we demand that our clients looking for ROI get it.
Keep in mind that there are 2 types of investing-both require your money to work for you
1) Growth through a great CAGR
2) Cash flows through a great CAGR
Some folks have more time than others. Any average Investment Manager can get you a good ROI. The discipline and training from all parties involved is in keeping the $$ as per your requirements.
Keep in mind that by reinvesting cash flows growth is also achieved. We just both need to be on the same page with more going into your pocket than what is coming out of your pocket until you tell us your pocket is full. We invest our pocket with yours and demand your satisfaction.
Please, send me a message to discuss more.
It's not what you make, It's what you keep that determines your lifestyle.
$commenter.renderDisplayableName() | 07.20.17 @ 12:46
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