Stocks or Funds
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- redant
I want to put a little bit of my savings in the market. I was thinking of buying stocks since I have not tried it beofore. SHould I just buy some funds? Any opinions. No I'm not dating the Muslim dude anymore.
Only a couple of thousand yea I know not much.
- TheBlueOne0
Are you still dating that muslim guy?
- Nairn0
Bye, bye money.
- redant0
For some reason I am becoming very interested thats all
- redant0
plus theres a really cool iPhone app!
- baseline_shift0
get a balanced mutual fund. Good place to start.
- i dunno yet but i mightredant
- do you have retirement savingsā½baseline_shift
- canuck0
Where is hedge when you need him?
- raf0
When I worked at an investment fund, I used to say I was in gambling business. People half-smiled, they didn't want to look like they didn't get the joke, but couldn't hide the "wtf is he talking about?" eyes. That was before Winter '08.
Now, was I joking?
- IRNlun60
You should speak with an investment advisor to decide whether you want a high, med or low risk investment strategy. You need to actively manage your investments for the long haul. I have a decent balance of bonds, funds and stocks but recognize that without an investment advisor I would be completely lost or overwhelmed with the research needed to intelligently and successfully invest. Ultimately there is a risk.
Buying a home is a great tax break, especially as a first time buyer (if you haven't already bought your first home). With these insanely low interest rates and housing prices you may find a property with can give you higher returns than investing in an unpredictable market. We may not see home prices and interest rates as low as they are now in our life time...
- ninjasavant0
Index Funds: Perform with the market, 85% of managed funds don't beat the market. Stocks are russian roulette.
- vaxorcist0
Index funds, especially those from Vanguard have lower costs than most other mutual funds. Avoid any investment advisor who tries to sell you any particular fund or insurance package .. they're not an legitimate advisor, they're a salesperson trying to look like an advisor. Many fees are hidden, and any "load" mutual fund is a sales commission based "product" something that makes more $$ for the broker than you...
There was once a famous book called "a random walk down wall street" where randomly picked stocks outdid the vast majority of stock market analysts....
"Past Performance is no guarantee of future performance" .. this is a mantra... also remember that most advisors won't tell you about their failures, only their successes....
Warren Buffet was known to say that he bought stocks with the assumption that he wouldn't sell them for at least a few years.... so whatever you invest, be prepared to wait. Buying and selling too often will cost you transaction fees and taxes that use up much of your profits.
- ukit0
This seems like the time to buy.
- ukit0