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Investing?
Let's say I want to start
investing for my retirement,
and for other purposes, at the
age of 20. Lets say i would be
able to put $2,000 in for 5
years and at the age 25,
increase that to
$10,000-15,000 a year. If I
put the money in a lot of
things, like stocks, mutual
funds, 401K etc. how much
would I have when I am 60 or
65?
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Go to the Yahoo Financial page. Look under calculators. |
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You have to determine how much risk you can tolerate. The amount of money you make will depend on the return on equity or return on your investment for each investment vehicle. Generally, you want investments that will make higher returns than the ongoing inflation rates, so that your capital is not eroded by inflation. It's often recommended that we invest 15% of our income for retirement, if we want to retire with a reasonable retirement income. |
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