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Strategies & Market Trends : Analysis Class for Beginners
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To: Arthur Tang who wrote (730)3/11/1998 6:17:00 AM
From: Arthur Tang  Read Replies (2) of 1471
 
Financial planning revisited for IRA's before deadline on April 15.

Many IRA or 401k accounts were used for tax delay of profit taking. Some even do short term daytrading. Shorts as well as quick turn over for minute gains. In the end the risk taking will catch up with the odds of quick trading.

The IRA accounts are too small. $2000/year can not be enough for big gains if it is only a few percentages of the total. So, the financial planning is more important than just roll up your sleeves and start investing. When you put in $50,000 in 25 years then it is a nest egg.
However, if you start compound interest of your nest egg early, it can build up after 30 years. Next best is mutual funds which has a record of gains higher than straight compound interests. The best is just put it into one of the DOW 30 stock, which has good safety and growth. General Electric, maybe? Concentrate in one stock has its merits. Dividend as well as stock growth can also give you compounded growth.

Anyway, it is something you should spend some time with a professional in the business of doing financial planning to learn the jargon and the technology of financial planning. The rest of the money you have for investments which I hope is much larger in amounts, you can do well to be more risk taking. 300%/year gain on each stock should be your goal. Pick them winners away.
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