What’s the highest yearly interest I can get on a very very long term investment?
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?
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 -
Kosinski on: The Financial Crisis Part 1 -The questions about the Crisis.wmv
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