I’m going to Iraq or Afghan in July and I’d like some investing advice for while I’m out there. Or where I could go to go get some investment advice? gonna be out there a year, but it could also be something that I can do to build on once I return as well. Because I really don’t know anything about the market, except maybe buy low, sell high… which even that means little to me at the moment.
Home | Investing | Blog article: What’s the best investing advice for a Soldier going to Iraq or Afghan for a year?
Judy 2:57 pm on December 6, 2009
If you are going to be away – buy some long term cd’s.
Consider a discount brokerage firm such as Schwab or Fidelity that won’t charge you a penny for opening the account, or buying the cds.
And, unlike bank cd’s when brokerage cd’s expire – they expire.
No trickery like these local banks that re-new the interest at a 0 rate if you forget to mail in a letter.
This market could easily double dip.
Unemployment is not moving and we could see another crash.
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Harley Drive 2:57 pm on December 6, 2009
spend as much money as you can on body armor and a better than standard issue helmet and buy a couple of automatic machine pistols otherwise any investment will not be worth it
Uncle D 2:57 pm on December 6, 2009
"I have had a number of people ask me how to start investing in the stock market. Many simply want a road map to invest with out any vagaries. I have seen a lot of articles and heard a number of experts on this subject blab about vagaries on how to get started.
Contact Royce mutual funds and set up a Roth IRA account. You can do this online or over the phone. My experience has been they have been very happy to help. Be sure to set up E-delivery of prospectus and reports otherwise they will charge you 12 dollars a year for your account "
Best of luck to you!
A1m0s 2:57 pm on December 6, 2009
Do a little home work. I would keep it simple while you are gone. God bless!
ivica 2:57 pm on December 6, 2009
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All the best and good luck!
Regards!
Sagar 2:57 pm on December 6, 2009
Be careful for any savings held in US Dollars and don’t invest in any American stocks. With the ever-increasing money supply from our federal deficit and Federal Reserve, the value of the dollar is destined to plunge. I would open a brokerage account at a discount online company like TradeKing or SogoTrade (tradeking.com sogotrade.com). Once you have your money with the brokerage I would make regular investments into ETFs like GLD or SLV. GLD is a fund that buys gold and SLV is a fund that buys silver. Don’t bother buying CDs or leaving your money in a savings account because you’ll get paid less than a measly 1% as inflation ticks above 4%. Don’t worry about buying low and selling high, a better strategy is to make consistent regular investments in the same asset. This way over time you average out the highs and lows of the asset which will greatly reduce your risk. A great place to get investment advice is by watching YouTube videos of people like Peter Schiff or Jim Rogers.
slara512 2:57 pm on December 6, 2009
try not to day trade while you are away from your computer, especially if its going to be for a year.
Jhon 2:57 pm on December 6, 2009
Absolutely look no further.
Invest in being famous and therefore lead thousands of people into any plan: