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Can I contribute to my Roth IRA under these circumstances

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Money Talk > Retirement Planning

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oldguy
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Location: arizona
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quote:
can you recommend a particular investment vehicle with that type of [reliable] returns?


Yes - 11%/yr is the average return of the generic US stock market. The most straight forward method is to buy a SP500 Index Fund from one of te major fund companies - Vanguard, Fidelity, etc.

It is a longterm investment, not useful for only 1 or 2 yrs. The single year return can be almost anything - some yrs it goes up 40%, some yrs it crashes and loses 30% - but over a 30-yr block of time it usually averages 11%/yr.

http://politicalcalculations.blogspot.com/2006/12/sp-500-at-your-fingertips.html

For the most recent 30 yrs, ending April 30, the return was 10.65%/year.
Post Sat Jun 08, 2013 10:27 pm
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sbutk7
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Joined: 30 Apr 2013
Location: NJ
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quote:
Originally posted by oldguy
quote:
can you recommend a particular investment vehicle with that type of [reliable] returns?


Yes - 11%/yr is the average return of the generic US stock market. The most straight forward method is to buy a SP500 Index Fund from one of te major fund companies - Vanguard, Fidelity, etc.

It is a longterm investment, not useful for only 1 or 2 yrs. The single year return can be almost anything - some yrs it goes up 40%, some yrs it crashes and loses 30% - but over a 30-yr block of time it usually averages 11%/yr.

http://politicalcalculations.blogspot.com/2006/12/sp-500-at-your-fingertips.html

For the most recent 30 yrs, ending April 30, the return was 10.65%/year.



I appreciate the advice. Very useful site, too. Thanks!
Post Tue Jun 11, 2013 12:04 am
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