I plan on saving ****loads of money and I want to invest a good chunk of it so I can live comfortably when I retire.

So, what are the best investment options?

I plan on saving ****loads of money and I want to invest a good chunk of it so I can live comfortably when I retire.

So, what are the best investment options?
a good friend of mine who studied economics was telling me or advising me to keep away from the stock market as he lost a lot of money and said its better to invest in bank shares.......
hope this helps? :)

a good friend of mine who studied economics was telling me or advising me to keep away from the stock market as he lost a lot of money and said its better to invest in bank shares.......
hope this helps? :)

I am weary of the stock market also... even though I work for it :D.

I was thinking about bonds, mutual funds or IRAs.

They are in the process of doing a major overhaul so none of the Enron type scandals will happen again.

Why not talk to a broker (a guy who knows) instead of asking us (people who think we know)?

I suggest you invest your entire nest-egg in lotto tickets. All positive returns are 100% tax free! (State taxes) And, as an added bonus, if you are a 'professional gambler', you can claim any losses on your federal return.

I suggest you invest your entire nest-egg in lotto tickets. All positive returns are 100% tax free! (State taxes) And, as an added bonus, if you are a 'professional gambler', you can claim any losses on your federal return.
See! Dngr must be a broker because this man knows! Listen to him, Paulie. ;)

Beer is the best investment...don't listen to them. :D

I plan on saving ****loads of money and I want to invest a good chunk of it so I can live comfortably when I retire.

So, what are the best investment options?


I **** around in the stock market w/ a Roth IRA, got a couple g's in there and I do not care if I lose it all or not. I'm a dumbass and would not trust myself w/ my retirement.

I'd use your companies 401k as the primary retirement plan as you'll reap more tax benefits then you would in an IRA (as the pre-tax contribution limits are much higher). In my 401k I try to diversify a bit, and of course this will vary from company to company as to what investment options you have in the 401k.... Mine, I choose relatively high risk mutual funds and (American century new perspective fund, vanguard Windsor fund, American funds investment in America, and an indexed equity fund based on the S&P 500, and company stock) and so far it's worked out for me.... I'm sitting fat dumb and happy for a fella my age. I just reviewed the 401k package and researched the funds on morningstar.com and picked what had good performance in the past and put a little faith in the company’s package (put together/managed by citigroup).

I'll tell you, big fella.... as a single dude making an ok salary when I first started I netted MORE in my paycheck after putting the 10k/yr in the 401k then I did not putting the money in (it lowered my tax bracket)... it was a win-win situation for me. (I had no house or nothing else to claim so I was getting hammered in taxes)


I'd do what I did :) and take advantage of your companies 401k plan assuming it's not a total pile of **** .... but then again, I'm a dumbass.

I would look into money market accounts, cds, 401k/401b and IRA.

First 2 are more liquid than the rest but you will typically pay interest income tax on them.

401K/b is a good option only if your employer matches. You can take out loans on the 401K but they must be repaid and if you leave the job, repayment is due within about 30/60 days. Can also do a hardship withdrawl for illness or buying your first house.


If you go for an IRA, think about future tax implications. With a traditional one, you get to deduct your contributions ($3k contibution limit a year) on your federal income tax but that also means you will pay the taxes upon withdrawal.

With a Roth, you cannot deduct it from your income tax but you don't pay taxes when you take it out but you can also withdrawl without penalty after 5 years. Good for saving for a house or what not.

A side note, there are certain income limitations to be able to contribute to a Roth (Up to $95,000 single/$150,000 Married)

And in some states, the Roth IRA may not be afforded the same protection as a Traditional one.

So to choose, do you think your tax rate will be more or less in the future.


Also, if you own a house and have equity in it, setup a Home Equity Line of Credit with the bank. That doesn't mean you get the money just that it is available. Some banks will setup an account just for it and will issue a debit/credit card so you can use that money at anytime and only pay the interest on it then.