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« Help a Reader: Investing Versus Paying Off Debt | Main | Bank of America and FIA Services Hard to Deal With »

November 09, 2011


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"But saving more has a larger effect than earning a higher return would." - How True!

I have seen advertisments in our local newspaper offering investors guaranteed ? yields of 8%, paid monthly from real estate investments. I wouldn't touch one of these with a 10 foot pole.

I also read stories about very trusting old people that get taken by these kind of sharks and end up losing most of their investment.

My advice is to only invest through highly reputable, long standing companies. The two best in my opinion are Fidelity and Vanguard. You can still lose a bundle depending upon what you decide to invest in but at least it won't be as a result of fraud. I see that Italy's 10 year bonds are yielding 7% - Takers anyone?

I think with the turmoil in the markets over the past few years that the only way to make up for these lost 3 years of lack luster gains or in some instances losses in the market is to save more money.

I think a good mix of both is needed to reach your overall goals with retirement, but the only one we actually can control is increased savings. So do it early and often to garner an advantage in the compounding game.

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