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Communications & Media
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Lab Report
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English (U.S.)
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Topic:
The Best Time to Prepare for Your Retirement is Now
Lab Report Instructions:
INSTRUCTION AND FILE WITH MEDARD IS THE FILE THAT THE WORK GOES ON. ALL THE FILES ATTACH IS NEEDED FOR THE ASSIGNMENT
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The Best Time to Prepare for Your Retirement is Now
Introduction
Will you have enough money to retire when you are ready to quit your job, kick back, and enjoy your life? What is considered enough? Unfortunately, many people will not be able to do so. Therefore, you need to learn how budget your income and expenses; to manage your money wisely; to invest your savings prudently; and to ensure that you have enough money for your retirement. It is never too early to plan for your retirement. Because of the compounding effect, the earlier you plan, the better off you are.
The best time to prepare for your retirement is NOW. Money do not grow on trees – you need to save your money FIRST before they can grow and multiply for you. You can get started by putting aside a few dollars a week into a piggy bank, and then deposit the accumulation into an individual retirement account (IRA) account at your local bank or any online investment companies such as TD Ameritrade or Scottrade.
This research paper describes the various types of investment options that you can pick to invest in your IRA account. You need to determine what kind of risk level you are willing to take in return for the rate of return on your investment. Generally speaking, the higher the rate of return, the higher is the risk. Do your homework – there are many valuable financial resources available on the Internet. You may visit Web sites such as CNN Money, Kiplinger, The Motley Fool, and Suzy Orman. Depending on the services offered by these Web sites, you can opt to receive weekly e-mail savings or investment tips, or listen to weekly/monthly podcast series. Some of the investment instruments that you can consider are:
* Equity stocks
* Corporate bonds
* Long-term government bonds
* U.S. Treasury bills
* Mutual funds
* Fixed deposits
In the following subsection, you will learn more about each of these instruments. Read and understand how each of these investment works, and then evaluate their pros and cons,
center62039500Equity Stocks
The major stock market in the country is the New York Stock Exchange (NYSE), the American Stock Exchange (ASE), and the National Association of Securities Dealers Automate Quotation System (NASDAQ). The overall performance of the stock market is evaluated in various ways. For instance, the Dow Jones Industrial Average (DJIA) is a composite of 30 stocks with a daily average. If the market trends move up, it is called a bull market. On the other hand, if the market trends move down, it is called a bull market. Individual stocks and real estate are considered high-risk investments. However, traditionally, stocks had in fact offered an average rate of return between 7 to 10% annually. But that is never a guarantee. Warren Buffet has several quotes about investing in the stock market.
“Risk comes from not knowing wh...
Introduction
Will you have enough money to retire when you are ready to quit your job, kick back, and enjoy your life? What is considered enough? Unfortunately, many people will not be able to do so. Therefore, you need to learn how budget your income and expenses; to manage your money wisely; to invest your savings prudently; and to ensure that you have enough money for your retirement. It is never too early to plan for your retirement. Because of the compounding effect, the earlier you plan, the better off you are.
The best time to prepare for your retirement is NOW. Money do not grow on trees – you need to save your money FIRST before they can grow and multiply for you. You can get started by putting aside a few dollars a week into a piggy bank, and then deposit the accumulation into an individual retirement account (IRA) account at your local bank or any online investment companies such as TD Ameritrade or Scottrade.
This research paper describes the various types of investment options that you can pick to invest in your IRA account. You need to determine what kind of risk level you are willing to take in return for the rate of return on your investment. Generally speaking, the higher the rate of return, the higher is the risk. Do your homework – there are many valuable financial resources available on the Internet. You may visit Web sites such as CNN Money, Kiplinger, The Motley Fool, and Suzy Orman. Depending on the services offered by these Web sites, you can opt to receive weekly e-mail savings or investment tips, or listen to weekly/monthly podcast series. Some of the investment instruments that you can consider are:
* Equity stocks
* Corporate bonds
* Long-term government bonds
* U.S. Treasury bills
* Mutual funds
* Fixed deposits
In the following subsection, you will learn more about each of these instruments. Read and understand how each of these investment works, and then evaluate their pros and cons,
center62039500Equity Stocks
The major stock market in the country is the New York Stock Exchange (NYSE), the American Stock Exchange (ASE), and the National Association of Securities Dealers Automate Quotation System (NASDAQ). The overall performance of the stock market is evaluated in various ways. For instance, the Dow Jones Industrial Average (DJIA) is a composite of 30 stocks with a daily average. If the market trends move up, it is called a bull market. On the other hand, if the market trends move down, it is called a bull market. Individual stocks and real estate are considered high-risk investments. However, traditionally, stocks had in fact offered an average rate of return between 7 to 10% annually. But that is never a guarantee. Warren Buffet has several quotes about investing in the stock market.
“Risk comes from not knowing wh...
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