What's the highest yearly interest I can get on a very very long term investment?

Question

I'm 17 right now. I want to throw in about 1000 dollars in an account. I was thinking a CD, IRA, Roth IRA, or some sort of mutual fund. I'll be adding about 100 per month, and I'm not touching the account till I'm at least 60.

I heard the average yearly return for the market is 13%, is there a mutual fund that will guarantee me this?

Answer 1

Min 10% max prob 20% safely

Answer 2

Invest in yourself to be a better investor in the future. Read books, open a virtual trading account--learn everything there is to know about investing.

You're still young. Build a good foundation, and the profits will follow.

Hope this helps.

Jim http://jsforex.blogspot.com

Answer 3

Mutual funds go with the market and its 40% minus adjusted for inflation since july 1999. So far for 13% annually.

You can only invest in a tax exempt fund, if you pay taxes.

Nothing wrong with saving so.

Government bonds are pretty save, but interest barely stay's with inflation.

If you want to invest, invest in your education the most, that's what is going to pay your bills. (No shortcuts to being a millionaire)

Answer 4

This "INVESTMENT GUIDE" is more helpful for you to make your money to make money for you,without taking any risk.

To gain more information ABOUT LONG TERM INVESTMENT,just gothrough the site

http://www.savings4future.com .........

GOOD LUCK

Answer 5

Good for you that you are starting to invest at your young age. There are no guarantees in the stock market, though, sorry. Over the last hundred or so years, investors in the stock market have on average seen annual growth in the 8% - 9% area, but inflation has eaten away some of those gains. But (and this is important) there have been long periods - several years and longer - where stocks have failed to make new highs. At your age, though, you can afford to be extra-patient. Find a good NO LOAD small-cap value mutual fund - you can find lists of them on Yahoo - and watch it grow in the long run. Good luck -

Answer 6

No mutual fund will "guarantee" any return.  Investing is all about risk.  If you want guaranteed long-term return, consider buying 10 or 30 year treasury bonds.