What would be a good investment strategy for me?
July 2, 2009 by admin
Filed under Questions and Answers
I’m 28 years old, I make a little over 200K a year and i have over 300K in liquid cash in separate bank accounts. I don’t know what to invest in because the market is garbage. My goal is to have a million by the time I’m 35 and I hope that with solid investments and some possible continued growth in income, I can accomplish this. Can someone give me some good investment strategies?
jsforex.blogspot.com on Thu, 2nd Jul 2009 1:40 am
A number of busy professionals hire the services of a money manager to help them manage their investment portfolio.
Money managers are defined as "A business or bank responsible for managing the securities portfolio of an individual or institutional investor."
Typically, money managers are qualified professionals whose job is to help you get the best return for your money. They research and select different investment options, monitor the different markets to help you maximize returns.
In return for a fee, your money manager will help you develop an appropriate investment strategy, and buying and selling securities to meet those goals. With fee-based management, as opposed to transaction-based management, you and your advisor are on the same side. You no longer have to question the decisions of a broker to buy or sell your securities.
A professional money manager does not receive commissions on transactions, but are paid either based on a percentage of assets under management, or earn their fees based on returns generated for your portfolio. Therefore, it is in the best interest of both the money manager and client to see the portfolio grow.
Google "money manager" to find a manager that’s good for you.
Good luck and have a nice day!
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