FundRobot » Best Investment » you are an investment advisor and your client is 30yrs old and earns $35,000 a year and saved $10,000 to invest for retirement....?

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Default you are an investment advisor and your client is 30yrs old and earns $35,000 a year and saved $10,000 to invest for retirement....

How would you set up the best investment course for him?

Tech009 is offline   Reply With Quote
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Default you are an investment advisor and your client is 30yrs old and earns $35,000 a year and saved $10,000 to invest for retirement....

He doesn't earn enough money, and he doesn't have enough money to invest.

He needs to look at getting a better paying job. Or consider starting a small part time business or hobby. Or start learning about stock trading on his own.

Mutual funds are for the working poor.

There is no way, except in the case of a major change, that this person would ever be able to retire, given the amounts you mention.

It would be good that he managed to save so much, but it would be a major mistake to put the money into the stock market. He absolutely needs to generate more income before focusing on retirement.
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Default you are an investment advisor and your client is 30yrs old and earns $35,000 a year and saved $10,000 to invest for retirement....

Explain to him that it's time to "get serious"... 7% of 30-year-olds having retirement savings in the $50,000 to $99,999 range, and 8% have between $100,000 & $249,999...

He needs to start diverting 15-20% of his income into a low-cost Growth stock Mutual fund, for at least the next five years to play "catch-up"...
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