I am interested in investing in gold and considering buying gold coins since the stock market can be a real rollercoaster ride. Do you have any safe tips for buying and selling gold? T...
went up nine bucks today after word of a possible buyout by microsoft. but will it continue to climb? im a 20 year old kid that knows nothing about the stock market. ive just started expiriementing ...
Shares & Mutual Funds - I would like to gain basic understanding of these terms.Can anyone help me.
Which is the best investment now a days
- shares/Mutual Funds or Purchase of Land ???...
I've got 5000 savings and dont know whats best?
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What is it? When do you have to have one? Is it only available to Indian citizens? I am of half indian descent, British citizen , do I need one for any reason? Thanks....
I have a Mutual Fund - American Funds. Should I get the fund out before they just dwindle out before my eyes?
I started the acct in 2006, with $10,000.00 . The balance on the acct is now at $9,000.00. Value was pretty good in 2007 & beginning of 2008. But due to the economy I feel like I should jut take it out and put it into a CD. There will also be a fee of $ 200.00 or $ 300.00 to take it out now . What is your advice? Thankyou.
If it were me I would ride it out. It will go back up it will just take some time.
Marobe1
kepp your money in the stocks... the economy will get better after the prez election.. wait a couple of years and the stocks will b better than they were bfore
bud68
Why did you invest in the first place? What is your investment timeline? Your loss so far is on paper only. If you cash out now, you buy the loss in real dollars.
Common Sense
The American Funds are truly in the top 5 of all Mutual Fund companies in the USA. If there is a "fee" to take them out..... you didn't buy "A" shares. Your broker managed to squeeze you for the best fund class for him or her... not for you.
I'd get away from this broker and transfer the funds somewhere else. I would not cash them in (even if they were A shares... which would have no penalty at this point). This fund company is always at the top of the pack...... if it takes a year, 2 years or 5 years or more....... you will have good returns that you couldn't have gotten from the majority of mutual fund companies and it will significantly exceed any bank accounts. This is what history has taught us.
So.... just to let you know.... this broker is not one to stay with. "A" shares charge a fee up-front. They are... in the world of commisioned sold Mutual Funds.... the cheapest route. This broker took advantage of you....... if he implies that this purchase was like a "no-load" he's breaking the law.
For future Mutual Funds. Learn about No-Load, Low Fee Mutual Funds. Read;
Mutual Funds For Dummies
larry
Oh yes, sell when low. And take long walks on short piers.
Canel
If you only lost 10% of your money since 2006 it sounds like you have a pretty good/conservative American Fund. The only way I would take it out is if I had another investment that would/could recoup the gains (that's the tough part). With all that said I would stick with the fund if you do not need it before 5 years. If it is a long term investment stop watching the market and let the market do what it has done time after time and that is go up. In fact you may ask your investment adviser if you can switch it over to a more aggressive American fund while they are down. It could be a great buy if there are no additional cost to do so. If you decide to go that route I would look at the American Growth Fund which is down at least 35% this would be a great buy and has been around a long time. The term to ask is under priced. They will show you the last several years of what that stock has worth and it will come back. Good luck and keep investing. In fact you may want to consider a monthly investment so you are buying stock at low and high levels, again if your looking at over 5 years of money that you do not need now. It may sound strange at this moment but you will win in the end. Don't Panic!!!
Susan C
When did it become acceptable to keep money where you are losing it. It depends on your age, your goals, and your comfort level. I would get it out and have it rebuild with tax deferred interest. If you don't need it for a while, get it into a fixed Annuity and get your $1000 back in about a year and half. The market will continue to lose in that year and a half, and then you will not only have to gain back the loss, but then gain another % just to break even. Get it out and be safe.
Clark Kent
Take the money and run before it drops to $ 5000 or $ 2000 or less.
Stay out of the market until the bear market ends then go back in and make a killing.
jack99skellington
Too late - Should have got out last month. Now you're better off keeping it until it regains value.
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