| Is right now a good time? |
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RandRmoney
Contributing Member
Cash: $ 7.65
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Joined: 03 Mar 2011
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| Is right now a good time? |
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Is this a good time to invest in the market?
Are mutual funds affected by whats going on now with the economy?
If this is a good time, is going with an investment firm the right thing?
If so, who would you go with Vanguard, Fidelity or.......? 
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Tue Aug 09, 2011 10:59 pm |
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oldguy
Senior Member
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Joined: 21 May 2006
Location: arizona
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quote:
If this is a good time, is going with an investment firm the right thing?
If so, who would you go with Vanguard, Fidelity or.......?
The reason for investing in the market should be to build wealth over a longterm (30-yr) period. It doesn't work for the shortterm (just a few yrs) because of volatility. Eg, it could be lower 5 yrs from today - there is not a way to predict it - history shows us that over & over. But over a 30 yr period it averages about 11%/yr. The Dow is roughly 11,000 now, it should be about 140,000 in 30 years. The point is - if you are a longterm invester going for 130,000, your entry point doesn't really matter - whether you got in at 10,500 of 11,500 is minor.
IMO, you'll do best by incrementally investing (monthly), always accumulating, never selling or trading. I like both Vanguard & Fidelity.
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Tue Aug 09, 2011 11:34 pm |
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Adela Promotion
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 10 Aug 2011
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Thanks for your post. This is very useful for me. Your post is very clear and easy to understand. Can you share with us something more like this ??? I am waiting for
your next post. Thanks
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Wed Aug 10, 2011 9:44 am |
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