"Making the most of your 401(k) early on gives you a better shot at retirement," says the July issue of Kiplinger's Personal Finance magazine. "However, many young adults don't do nearly enough to save for retirement 40 years hence. Suggestions: Get in early, investing as much of your salary as you can.
Young people should invest heavily in stocks. Resist the urge to cash out your 401(k) when you change jobs; roll it over instead."
"For investors, the `water sector' is one good place to be," says Hugh Evans, vice president of T. Rowe Price Associates Inc. "Water companies should be able to resist the economic trough, as demand continues strong. Long-term, they should benefit from rising demand and falling supply. Our favorites are: Cuno Inc., Insituform Technologies Inc. and Tetra Tech Inc."Copyright © 2015, The Baltimore Sun