Should I invest in a Traditional IRA if I make too much money to use a Roth IRA?
Answers: If you have access to a 401(k) plan at work (or something equivalent, like a 403(b)), fund that account first. If you're self-employed, open a SEP-IRA or SIMPLE IRA first.
Then, if you still have money to save (good for you, if you do), a traditional IRA is a pretty good idea. It probably won't be deductible (my guess is you make too much money for deductibility). But the earnings will grow tax free (and will be taxed when you withdraw). IRAs can have low expenses (if you go to an inexpensive mutual fund company like Vanguard). You could consider other alternatives, like an annuity, but annuities generally have much higher expenses than IRAs. One big advantage of an IRA, even if contributions aren't deductible, is that it's hard to spend the money in it before you've retired. So you're more likely to have the money when you retire. If you don't separate your retirement money from other money, it's more likely to be spent too soon.
If you are not covered by a retirement plan at work (401K, etc.), yes, you should, and you can deduct it.
If you make too much for a Roth, then you also make too much to deduct traditional IRA contributions for a year in which you are covered by a retirement plan at work (401K, etc.), so their might be better options than nondeductible contributions (contribute more to the plan at work, invest in an annuity, etc.).
I enjoy nocil at 65.. wat to do?? hold or market??
i have NOCIL at 65/share and ikf at 21/share.. shud i hold or vend?Answers: if i understand, you bought (a) 65 and immediately it's at 21? Sell and move on.
If you hold to ask people on runeye.com later you really shouldn't be investing at all.
Do your own homework. Read the prospectus for your respective companies and study the trends for those companies and the industries they're surrounded by. Read up on recent press releases for the companies and industries. Decide for yourself whether you're at a hold or sell point. Trusting general public on YA with big financial decision like to be precise just imploring for trouble.
:edit:
A turn out on Yahoo Finance for Nocil finds 3 results. The top one, nocil.ns on the NSI Exchange last traded at 62 and be down on Friday from Thursday. If you paid 65 you're selling at a loss, but study the trend and wish if it's better to get out presently or later.
IFK brought up an AMEX stock that's currently at 11.75. If you bought at 21 consequently you've already lost too much money and should get out. UNLESS you're looking for long permanent status gains, within which case it's up to you to opt if the business's future is worth waiting for. If you construe it is, now might be a biddable time to buy.
Do your own homework, seriously. And next time turn through a broker into a mutual fund or something. A lot safer, a lot a reduced amount of questions, and you can be an idiot and still manufacture money.
Neither are valid ticker symbols.
I think you should market and buy a book before you invest again.
If you own already lost on each share..what are you waiting for.trade man.
hold both.
Options trading within the US?
I'd like to start trading surrounded by the Options market but I hold a long way to study up to that time I start. I have several books written by mixed authors and the optionetics videos and books from ebay.I would appreciate some guidance please.
I live in Australia and 1 option contract is for 1000 shares which of course is significantly greater than the 100 share contracts contained by the US. I would like to trade on the US option market (eventually - after much research) but where on earth do I go to start? Thanks in mortgage.
Answers: Options trades need to be done through a brokerage, so you stipulation a broker that allows trades in US option markets. I'm afraid I enjoy no experience in international trading so the solely thing I can suggest is that you focus on larger brokerages surrounded by your search.
Although the CBOE is the largest U.S. option exchange, and is a good source of information, you will find tons options are traded on multiple exchanges so to grasp the best price you do not want to limit yourself to a single exchange.
Just my IMO but optionetics seminar border on fraud and definetly not worth 1 cent.
You'll learn more by doing later reading books but as stated above - start very enormously small.
Finding a group of investors that meets locally is a great route to learn going on for options.
Elitetrader.com have some very flawless forums on options and also a forum on prior arrangement people locally.