I have $100K to invest in the market (it's my retirement pensioin), I'm 46 yrs old.
1)Thinking NO mutual funds
2) Diversify between:
-Banks (financial) say ticker "TD.T...
I do not have an employer sponsered retirement plan. They do not offer a 401(k) or anything similar. Now that I'm 30, something just clicked and it scared me to death. I need to begin saving ...
I put my retirement investment in a money market last week and feel very fortunate to have missed the latest market free fall. I'm close to retirement, maybe 5 yrs. I would rather keep what have ...
I have read on the net something ab't it. it says that "Investing is the key to building wealth, but investing in and of itself is not enough. You have to invest wisely!"...
pearlydewdrops
Mutual funds going down the drain, help!?
AIVSX, AMECX, CAIBX. I have these, they are all suffering badly, as I am sure all or most are.
Any advice?
I really don't like mutuals. You're paying a stranger to play the market for you and paying them 2.5% of your managed assets.
If fund companies really wanted to grow money they'd only charge a %age of what they made you, and they'd reward the customers who ride out the blips as opposed to the first of the ship customer.
The first poster was correct, you should learn the mechanics and analysis of investing for yourself and then invest. There's less fees paid, and with knowledge of portfolio theory you and analysis you can set yourself up to do well.
muncie birder
Have a beer and take a deep breath. They are all rock solid funds and they will soon be doing ok. The 3/4 point cut yesterday is just now starting to having an effect on the psychic of wall street. It probably would have sooner except for the shell shock. I own some AMECX myself. It will be one of the last I ever sell. Owned it for years and years. It is rock solid in both up and down markets.
ekleinert
Hang in there, I am in the same boat. Don't panic, they will bounce back. You don't want to take your $$ out right now so just sit tight for awhile.
LadySnowbird
Sit tight ... hang on tight... its a roller coaster ride. But, its all going to come back up eventually. If you are in Mutual funds you are in for the long haul. So dont worry about the short term ... wait for long term results. When do you plan to retire?
Advisory Service
You call these mutual funds?
Change your mutual company to a better one like Legg Masons.
Greg S
Aside from the front-end load these funds are all looking relatively strong, everything is going down wait it out.
MM
http://commonsensetrading.googlepages.com
I really like helping amateur investors, but I can't type the same answers over and over again. Please see the webpage.
Swaminathan P
it is a bitter fact that managers of Mutual fund avatar is like asking many to over him when a lion approaches them.
Even banks gets burst nowadays.
one should understand the fact that money is not safe when entrusted to managers (applies to Mutual Fund, Bank or anything else) Everyone has to live with it.
best of luck
Shaun R
If it were me I would learn trade. Instead of just putting your money into a random mutual fund try trend trading.
This website will give you lots of great tips on how to successfully trade stocks.
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