Kevin S asked:


I am 17. I will go to college and major in finance, management, or economics. Meanwhile, I save up 15,000 those years (I can) and put it into my Roth IRA. After college, I put a few thousand a year into the IRA. During that time, I get a job somewhere in the market (likely for a firm) and begin working my standard investment account up to a million (inflation adjusted), and then live off the market average of 10% (100,000 before taxes, I plan on outperforming the market though). Then, hopefully before 40, I can retire and do a job for fun (always wanted to teach history). Plans will change if I end up being good at active trading, so I would quit my job early and I always have a back up plan with a degree.

KB asked:


The fee is said to be in the letter they sent 2.50$ per 10000,, but that math isnt correct is it? if its .03% it cant be 2.50 can it? Plus if I only have 10 options all mutual funds . 1 money market,1 blended stock fund,2 strictly bond funds, 3 that mirror the S&P,a mid cap fund ,a small cap fund, an international fund, thats it no other options at all! IS a money manager really needed? There are not even enough options an they are mutual funds? what can they manage? I think this is a bunch of bologna? I am right?

Windy asked:


You want to go to college.(Finish actually, you have some college.
You had an injury so you’re on sickness pay to cover daily expenses, you owe way more on your car than it’s worth, and it doesn’t drive on the freeway due to the transmission, you have bad credit-someone signed student loan docs in your name several years ago which are in default and therefore you can’t get financial aid or student loans due to federal student loan default. The bank did offer to help with student loans, only they denied the loans due to the credit.
What in this situation would you do to be able to:
a.) Travel (have a car to go places such as school etc, possibly work)
b.) Go to college
c.) own a home, or some type of place.
d.) Oneday start a buisiness(restaurant)
e.) Work, w/out sickness pay stopping too abruptly
Just curious to hear everyone’s own opinion and what they would do in this “Real life chose your own adventure” that I have presented for you. I wonder where I got the idea for it?
Thanks

Lars McSweeney asked:


I am 40 years old. Recently left a company and cashed out about $300k worth of stock (post taxes). Have about $170 in $401k; have another $250k semi-liquid and another $150k in stock.

Advisor suggesting to invest some cash in a $100k annuity to (1) offset aggressive stock investment (2) still invest towards retirement (3) but to be semi-liquid just in case.

I recognize the high fees associated with annuities hence my question. Is an annuity a good play in my case; are there other alternatives I should explore? I assume an annuity is a good play for some people in some cases, I just dont know if I am in that situation.

Any advise?

dustymetz asked:


I wanted to know if there are any stocks that are low right now but would go up by christmas-ish time. Which ones do you think would be best?
yeah it’s for fun and not real money.

live and learn asked:


I am 25.

missfev21 asked:


Bernie and Pam Britten are a young married couple beginning careers and establishing a household. They will each make about $50,000 next year and will have accumulated about $40,000 to invest. They now rent an apartment but are considering purchasing a condominium for $100,000. If they do, a down payment of $10,000 will be required.

They have discussed their situation with Lew McCarthy, an investment advisor and personal friend, and he has recommended the following investments:

The condominium – expected annual increase in market value = 5%.
Municipal bonds – expected annual yield = 5%.
High-yield corporate stocks – expected dividend yield = 8%.
Savings account in a commercial bank-expected annual yield = 3%.
High-growth common stocks – expected annual increase in market value = 10%; expected dividend yield = 0.
Calculate the after-tax yields on the foregoing investments, assuming the Brittens have a 28% marginal tax rate (based on Public Law 108-27, The Jobs and Growth Tax Relief Reconciliation Act of 2003).
How would you recommend the Brittens invest their $40,000? Explain your answer.

dj562006 asked:


I was wondering what I need to Major in to become a “Personal Finance Advisor”? would accounting be the way to go? right now my major is Business Management/Marketing

KayBeeDee asked:


Can you provide links to most popular personal finance and investment columnists ? Are all the articles which appear in newspapers like NY Times etc accessible through paid membership – are there any which are free on the net

Zeek asked:


u know things like bonds stocks stock options mergers money markets stuff like that