Best type of investments for me

[DJDURE2301]

I was just wondering if anyone would help me with a little advice on the best type investment strategy for me and my family. I do have some investments through my employer. One is a social security replacement fund. I have approximately 500-600 dollars a month to invest. I am 36 years old. Thanks. Obviously I posted this twice. Sorry folks.

[Chart_oasis_man]

This is a very complex question...
Did you consider asking a financial advisor?

[lorraineb]

The right investment depends on a lot of factors and you have not given enough information for anyone to be able to give you a quality answer.

[Rainbow Traveller]

Well Ameriprise and LPL are good options, however you can't just open a investment company with out having the appropriate certification and licenses. Depending on what types of services you will be offering at minimum you will need to because a registered investment advisor to charge a fee for service. If you tend to sell advice you will need to get NASD licenses either 6 or 7 as well as a 65.

[DJDURE2301]

The right investment depends on a lot of factors and you have not given enough information for anyone to be able to give you a quality answer.

What typre of information do you need? Could you give me some specifics? I am trying to learn as much as I can. I apologize for the elemntary questions. I had some spending problems in the past and am working myself out of debt. Thanks for your time.

[jpham540]

Without more details it’s hard to know what your goals are. What is your short term and long term goals? Will this extra money be for long term (5+ years) or short term (less than 5 years)? Also do you have any debt? Are you contributing to your company 401k? Do you have a Roth IRA or IRA? Give us more details so we can help you better.

[disneysteve]

What typre of information do you need? Could you give me some specifics? I am trying to learn as much as I can. I apologize for the elemntary questions. I had some spending problems in the past and am working myself out of debt. Thanks for your time.

Welcome back.

The kind of info that would help answer your question:

Income
Monthly expenses
Current savings and investments
Debts
Goals for your money: college, retirement, home purchase, etc.

We can't tell you what to do with your savings without knowing what you are saving for. We also need to know what you already have. You mentioned last year when you started this thread that you have investments with your employer. Is that a 401k, Roth 401k, 403b, or something else?

[snafu]

An additional question, what is your risk tolerance. You may have seen news reports of a drastic market dip earlier this week that is now well on it's way to recovery. What would you have done in 2008 when the market roller coastered down for nearly two years before there was solid upward trajectory?

Would you find it helpful to read 'The Automatic Millionaire' or 'The Millionaire Next Door' to better understand our questions? These are easy reads available at nearly every library.

Finally, be aware of costs, we keep mentioning Vanguard as they work for their clients. Go on-line and print the information on Vanguard Index Fund. It's always a good place to start.

[hemeya]

Stock is the best one, because here there is a small risk than others.