How can i get a good investment with a good yeild on my 401k from a past job?

Question

currently i have this a/c in a money market. can i trust people who claim to be investors with co. fidelity? Is possible that they will actaully look out for my interest or will they work for these co. to make money by telling me i lost, or the market went bad?

Answer 1

You need to understand the basics of investing to protect yourself from scandalous people (pick only no load funs or ones with the lowest management fees possible, they may try and push loaded funds on you im not sure). If your old company allows you to keep it in their investment firm (your balance typically has to be over 5K) there really is no point in moving it (unless their portfolio of options is bad compared to the others - in fact it may be better than others). Many will claim a money market is a bad idea, however, in the last year it has done better than most mutual funds. In the long run though, keeping it in a money market fund is a bad idea as inflation will likely outpace your return. Check out my site for specific advice on how to handle your 401k, I'm more than certain it will help you.

Answer 2

You can roll it into an IRA wherever they offer them.  You need to decide what to invest it in first.  If you want mutual funds, T. Rowe Price and Vanguard are among the best.

Answer 3

Fidelity (mutual funds) is on the better side of things, but I think Vanguard.com is best.

If you are under the age of 60 and plan on investing this money long term, the simple, best thing to do is to roll the money over to Vanguard and invest it in the Target Retirement fund for the year closest to the year you expect to retire in.

However, Fidelity has similar things.  Don't listen to all the mumbo-jumbo, complicated nonsense...retirement investing is very easy and cheap these days.  Don't over pay or over think it.

Answer 4

no guarantees on investments of mutual funds or stocks - up to you to do research - you can make or lose money - mutual funds just invest in stocks and bonds - the movement of those stock and bonds is what determines if you make or lose money - investing in money markets - you won;t even make enough to match the rate of inflation - stocks/stock mutual funds are the best long-term investment

Answer 5

yes...It's possible.

To my mind the best way to invest money is to invest in someone's business. It's safer and more profitable. I have invested in my friend's small business and now I am getting guaranteed 40% annual interest.

I wish you success!

Answer 6

About 'financial advisors':

http://www.saveyournestegg.com/scam.html

Simply roll your 401k over to Vanguard:

800-684-5801

and invest in a target retirement date fund and leave it alone.

https://personal.vanguard.com/us/content...

It's that easy.