What Would Be The Best Investment Advice for my wife and I?
I have been married for two years and my wife and I have a six-week-old daughter. We both have steady jobs that a normal amount to pay for the people of our times and freshly married, we live in an apartment paying rent about 550 etc etc I hope you get the picture. We're pretty normal, and we are (more I am) looking for good investment opportunities that are not really risky. Especially under the same money I had to save and a better return. We consistently 10% of net savings in. What are your ideas?
Inform yourself first. "Investing for Dummies" is a great starter book. Suze Orman's personal finance books are also full of good information. Financial planning is more than just "Save investing" or "" – plans real estate, insurance, etc., are all part of the picture.
First, make sure you both have to risk life, so that, if you can die, go on the other, especially with a daughter.
Then open the IRA, the diversification in both stocks and CD's.
Looking for a house at a certain point, because this is the best time to buy.
Put money away for your daughter in a custodial account for school, because it's never too early.
Each additional set some in stocks, such as in your younger years, you still have many years of earning power, you should lose all. But one years worth of cash available for the case.
Your question is a good, but it can not be answered in detail on the Internet. You should consider talking to a paid financial planner, he or she really know your situation and recommend stratagy that is best for you.
I would at the exchange. Now, I am proposing to the investment firm, AIG, DRYS XCR or that companies are cheap. Rite Aid (RAM) is also starting to increase in stocks. I suggest that investment in any of those.
If you are long term investments for consumables. Things that people use every day, such as Walmart, Proctor & Gamble and Exxon. You want things that people will have to always buy.
spend less than you deserve