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I am working in a private firm and really want to secure my future by doing some investments as I can't be so dependent on my current job forever for all my basic needs. . Can somebody help me, to make me decide that where should I invest my money to get long term profits.
Look, as far as securing a stable retired life is concerned, you need to consult a certified financial planner. However, in the meantime, you can start contributing towards an IRA as well as a 401(k) account to have a dependable retirement fund for your golden days.
Apart from that, you can invest in various asset classes to diversify your retirement portfolio that'll optimize its return. In this case, you may choose financial tools like real estate, CDs, bonds, stocks, etc to begin with.
But then, it is very important to rebalance your asset allocations on a regular basis and for this you'll need the guidance of a financial advisor.
What are you referring as Asset Allocation? Give us facts!