What are the most efficient ways to invest for the future?

Question

I'm 19 and in the Army, and I want to start investing in my retirement account/ future basically. I really don't know much about it and banks cannot simplify it for me. Does anyone know how I can make the most of my money (300-500 a month) so I get the highest return possible? I have accounts with a local bank and USAA if that helps.

Answer 1

Buy ETFs, low fees, great returns, yet safest investment in the stock market. Plus you can buy in small incremendemt, even with just $300 / month.

Answer 2

The best way to really invest is through forex, read up about it most people make their money through the the foreign exchange market.. I have used forex for a little while now and it works quite well.. http://sidchadha.andreaskir.hop.clickban... is the site I use. Good luck.

Answer 3

Contribute to any tax deferred retirement plans available to you in the Army, if any.  And start an IRA.

Answer 4

You can try a mutual fund which trades in equity and money market. Your fund could be safe as well as you can make some money too.

Answer 5

Efficiency usually starts with low fees.  Low fees means Vanguard mutual funds.  Pick the fund you want and how much you want to put in each month and they will draft that amount out of your bank account each month.  If you can't decide, start with the whole stock market and invest in the Vanguard S&P 500 Index fund.