All of the above, except for coins. TC
Can't beat a deal like a 401 K. You invest in a kickback for when you retire PLUS the employer adds to your investment, increasing your Portfolio each month.
until you take the huge tax bite on withdrawal.
If you have the money for it, doesn't hurt to contribute to a roth as well. Max is only $5k/year, so not like you could over contribute to it.
The other HUGE aspect not talked about is when you will need this money. That changes everything, because the shorter the timeframe the more dangerous variability in returns would be.
Like others have said, there IS no "right" answer. If there ever was, the price would go up to a point where it no longer was the obvious choice. Markets have a way of arbitraging away above average opportunities.
Member ANA, ANS, ONS, TCACC, and other random alphabetical concoctions.
If you're investing in a plot of land to build an estate for your family and children where if everything else goes to pot you can farm and live a comfortable life with little to no taxes, then that's your best bet.
If you're looking for the shortest way to make a lot of money, go check your horoscope or ask an ouija board. There's no way to tell. ;-)
remember, I am a kid, not an economic adviser
Dansco 7070 album 71% complete(no gold page)
"A nickle ain't worth a dime anymore." Yogi Berra
"Get your facts first, then you can distort them as you please." Mark Twain
see the mortgage rates recently? feds are doing everything they can to reflate the bubble. And in my area, it's actually working. Housing prices are almost back up to 2008 levels.
I have a feeling that the next economic downcycle is going to be worse and deeper than the one that we just got out of. I think the economy will track sideways a while longer before heading downward again. Stock market, interest rates, and everything else will stay flat, not giving people much of an investment term for the short run. At the very least it will give people some time to reduce debt and build savings.
just my .02
Not a hard question to answer 75% mutual funds and 25% precious metals. Always thinking long term only.
I didn't answer this poll because without a definition of "best" then there is no answer to this question. But this applies to all of them.
- Past Returns are no indication of Future Results
- Go Back and Read #1 again. Failure to understand this, is the biggest reason people lose money on their investments. People here will often quote what happened to PMs 30 years ago, cumulative returns on the stock market, etc. it's all irrelevant to now and the future.
- Never take advice from anyone who will make money from your decision. This includes banksters, real estate agents, insurance people, lawyers. Never ever invest your money with "financial advisors".
- There is no substitute for doing your own research. If you don't understand an investment, don't do it.
- Nobody knows more about your financial situation than you. Take advice, especially without sound reasoning behind it, from friends, coworkers, relatives, people on this forum with a grain of salt. It may be good for them, but not so good for you. Most likely they are looking for validation of their own misguided decisions. Read #4 again.
I will say one additional thing. The best investment that anyone can make for their personal financial future and one where they completely control the outcome is to get out of debt. Yet ask most Americans who fancy themselves as smart investors, "what is your plan to retire all your debt?" and you will often be met with a blank stare. Then you will hear all the excuses as to why it's good to have debt. I note, this question was not on that poll.
Last edited by fatima; 07-13-2012 at 06:50 AM.
Last edited by RaceBannon; 07-13-2012 at 08:15 AM.
I've made a fortune in furbies, why isn't it on the list?