Sunday 10 February 2013

Investment Tips for Teachers

Updated 14 March 2014

What to Invest In
Andrew Hallam wrote The Millionaire Teacher and has good advice that he dishes out for free about how to invest. It's simple, but it works and he has a 7 figure portfolio to prove it. There are growth, value, and income portfolios. Here's a guide on what allocations you should use for an income portfolio. I recommend reading The Millionaire Teacher as it's geared towards us and has investment ideas that work. You can buy it from Amazon and Book Depository.

He says that it doesn't matter what you invest in as long as you're logical and balance your portfolio correctly. If you're American, take a look at what he wrote about what your financial advisor probably doesn't know.

Some other people say that index funds are the best as well as small caps and value funds.

Other say that you should make sure you have bonds in your portfolio and that you should use your age as a guideline. So if you're 40, then 40% of your portfolio should be made up of bonds. You can add or subtract 10%-20% depending on how much risk you want to take.

If you can find a high interest CD than try to put one year's salary into four CDs that end at different times: 3 months, 6 months, 9 months, and 12 months. 

How to Invest
Lazy Portfolios are easy and have good returns. They're a variety of investments that take little maintenance.

Best Investment Companies by Nationality

Major Investment Companies

Smaller Investment Companies

Getting Out of Debt and Saving Money
If you're American, check out tax deductions for teachers. You need to remember to pay yourself and that takes the form of saving and investing. If you have debts you should pay them off. Most people agree that you should pay them off in this order.
  • Credit Card
  • Back Taxes
  • 401K
  • Car Loans
  • Home Equity
  • Student Loans
  • Small Business Loans
  • Mortgages

Recommended Websites


No comments :

Post a Comment

Spammers need not waste their time: all comments are moderated.

Privacy Policy and FTC Disclosure

Please read TEFL Tips' Privacy Policy and FTC Disclosure.
Google Analytics Alternative Google Analytics Alternative