How should i invest in my retirement?

Question

I am a young adult and do not want to get stuck in my future children's basement when i retire. So i am trying to get a head start and am lost. Please help. thanks;)

Answer 1

Only in the "safest" mode of investment like fixed deposits.

Answer 2

for no fear young adults, you should take higher risk

high risk = high returns

low risk=low returns

but to get the higher returns it needs a lot of time, that's why you need it like 30-40 years later

if you are risk adverse -value stocks

value investors invest based on earnings and they are cheap people and less likely to push stocks beyond their values.

low risk=medium returns

Answer 3

Get a ROTH IRA opened at Fidelity, E*trade, Scottrade or the like... get into the most basic mutual fund you can find and add to it yearly...it WILL take care of you down the road.

...and as it gains in value, you can get a little more into " investing" and seek to get some better than average returns ... it's not " rocket science"...and once your money is in there , it is only natural to start learning a little more to make it grow ...it's not only for financial " geeks"....millions and millions of Americans are taking charge of their own investing in IRAs and 401 plans... ( the government has done a poor job of it...Social Security may not " be there" for many people in the future)...

Bounce around some financial sites on yahoo or moneycentral/msn...just a little reading will show you the way.

Answer 4

Come on over to my site!  I love to talk about investing.  I have lots of ideas - easy ways you can get started with not much money.  DRIPs, ETFs, dividends, ADRs.  I invest in them all and I have a good plan in place.  I'd love to help out.  Come on over and tell me more.  I can show you how to get invested starting with as little as $50, even $25 if you can do it on a monthly basis.

MoneyEnergy

http://www.getmoneyenergy.com

Answer 5

Start by reading "Investing For Dummies."