posted on Nov, 23 2015 @ 08:17 AM
a reply to: FamCore
Three quick things (and I apologize as this topic deserves more than the few moments I have to add my two cents)...
1) Depending on your field, and provided you have enough experience to command a decent salary.... get a government job with a government pension.
Not joking about that.
2) In addition to any 401K type plans, consider starting your own brokerage account (I personally use Scottrade but there are many reputable companies
out there). Be realistic though. If you think you are going to trade your way to quickly become rich... good luck. My personal philosophy is to buy
for the long haul. I wont say specific stocks... but I will say that I think about companies that were around before I was born and will likely be
around long after I'm dead and go from there. I've also been getting into some SPDRs (S&P, for example). (Note: If you find you have a little extra
cash here and there and want to take a shot/gamble on what you think might be a money-maker, go for it but don't count on it).
3) I sort of follow what seems to be something of a consensus on the precious metals side. About 10% of overall investing. I would say if you are
going to go this route, buy physical metals. Don't trust that a company is "holding" it for you. I'm early in my research on this but there are so
many sketchy rules that these metals-investment companies have to adhere to... it's easy to get screwed.
Good luck and good form for thinking about tomorrow, today.
edit on 23-11-2015 by eluryh22 because: (no reason given)