Star Citizen should be about finished by then!
I knew it! This is all just part of your plan to purchase a premium ship in Star Citizen.
Star Citizen should be about finished by then!
I would advise you not go by yourself in the beginning. Find a professional and let him do the job. Make a good research though.
As a principle, never invest in money(letting them resting in an account).
I agree with the advises you got from other posters about stocks etc.
Also, investing in land is always a good deal. But again ,it needs some studying
If you find a professional make sure you understand his trading technique. A lot of pros like the flip style of investing where you buy something with the intention of turning it over. There are two reasons for this - first they get paid on commission and second it is easier to be a trader than an investor (you don't have to understand the company short term and long term potential/risk; you are just buying selling based off of market movement.
How realistic is it to expect a ~10% yearly return by doing relatively safe investments?
If I could manage that, my own homemade math tells me I should be able to retire in about 13 years
TBH, I trust the advice here and around the net (when filtered through an exhaustively sceptical barrier - which I'm pretty good at) a lot more than I would be likely to trust a financial advisor. I've never found money transactions or interest rates to be overly complicated or particularly difficult concepts to grasp - it's just that I never cared about the stock market before, so I have to learn the lingo and the basic rhythm of the market first.
My current conclusion - which is still subject to change - is as follows:
Get rid of car loan as the interest rate is too high.
Invest in index funds through an established platform with a low transaction cost.
Spread the investments within reason.
Be patient and don't panic if the market goes south.
Have a separate, smaller, investment account for risk taking - where I'm free to fuck up gloriously until such time as I decide if it's really worth taking risks.
Retire when I can live in comfort with little or no debt.
I think that's a good start.TBH, I trust the advice here and around the net (when filtered through an exhaustively sceptical barrier - which I'm pretty good at) a lot more than I would be likely to trust a financial advisor. I've never found money transactions or interest rates to be overly complicated or particularly difficult concepts to grasp - it's just that I never cared about the stock market before, so I have to learn the lingo and the basic rhythm of the market first.
My current conclusion - which is still subject to change - is as follows:
Get rid of car loan as the interest rate is too high.
Invest in index funds through an established platform with a low transaction cost.
Spread the investments within reason.
Be patient and don't panic if the market goes south.
Have a separate, smaller, investment account for risk taking - where I'm free to fuck up gloriously until such time as I decide if it's really worth taking risks.
Retire when I can live in comfort with little or no debt.
However my company now matches my pension contributions up to 10% so I have less disposable money to invest with. Although they do serve the same purpose.
Anyone here make a killing in precious metals ever?
How realistic is it to expect a ~10% yearly return by doing relatively safe investments?
If I could manage that, my own homemade math tells me I should be able to retire in about 13 years
I forgot to mention the fund I recommended is doing better than that on average since 1988. Of course historical returns are no guarantee of future returns.
However my company now matches my pension contributions up to 10% so I have less disposable money to invest with. Although they do serve the same purpose.
Maybe this is a language thing, but what does the above mean - exactly?
In Denmark we have this thing called folkepension (public pension) - which is something everyone has a right to, whether they have a job or not. It's part of our social security system - which is supposedly among the best in the world.
But we automatically pay a small contribution directly from our monthly pay - which will make our final pension higher.
Is this a similar thing or?
Also, I don't think it's possible to invest any part of my "forced pension" - though I'm not sure. Will have to check that out first.