I am only 17 years old but I am interested in investing some of the money that I have saved so that my money will begin to grow. Is there something that I could do?...
i've worked for an electrical contractor for aprox. 7 years... today he offered to GIVE me 10% of the stock in the business, the only thing that i really have to agree to is that i will stay at ...
I would like to know what bank should and shouldnt do to avoid this crisis in the future.As the matter directly affect the US stock market and also the contagious to other part of the world....
If you had $25,000 what is the best investment? What about $50,000? If you want, or should I say NEED an immediate return on your money, what is your best option? Serious answers only....
Remember, mutual funds are supposed to be watched over time. Mine were doing really bad several years ago, now they are doing awesome. Talk to someone in financial services.
meandnadine
I have some I have had for over 15 years. And at least 2 I have had almost 20 years.
They still make me good money so I see no need to get out of them.
Why do you think a year at the most?
If you are investing for the long run (retirement) it's best to find a few good, different funds and stick with them.
jeff410
I see no reason to ever dump a mutual fund as long as the returns are sufficient. Its not unusual for a fund to have a negative return for a year. Its a long term investment and the long term returns you should consider. Now if the fund expenses rise a great deal I would consider dumping it. Fees can take a bite out of your returns in the long run.
Irish
That is a very involved question since there are over 4000 mutual funds. If I knew who you had or if at least if it was no-load or load I could give you some advice. The best group of funds is: www.vanguard.com
Judy1
If it's doing well compared to other funds of the same type, might as well keep it indefinitely. If it's not, then changing after a year or even less could make sense.
derobake
I would dump a fund for 2 reasons:
1) I have reached my goal and now need to spend that money on my goal.
2) The fund has raised its fees signficantly.
I would not dump a fund because it lost money. In fact, if the fund lost money, I would buy more shares, because they would be at a discount.
BTW, you pay a higher tax for short-term capital gains. There is a tax incentive to hold your fund for longer than a year.
Barkus109
The relevant question is whether you believe in the investment, regardless of whether you made or lost money so far. If you don't, sell.
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