 I have 20,000 in student loans and I want to invest some of it in mutual funds and put the rest in a CD's? |
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redguard572001 | Should I stick with this bad market or get out now? |
I invested a lot of my savings into 2 mutual funds in December. Since then, they're both down around 8% and I've lost about $1400. I keep hearing all this pessimistic news about the economy and how we might be in for much, much worse. I don't want to lose the savings I worked so hard for. My investment person says that these 2 consistently overperformed the market, even during the 01-02 recession, so if I stick it out, I should be okay.
However, I don't want to lose much more. I mean, I've already lost the equivalent of 2 months rent. Starting next month, I'm going to be living on about 75% of my current income.
I'm thinking seriously about cutting my losses, selling the mutual fund shares, and just putting it into cd's.
What should I do?
for reference, the funds are:
CIBCX
and
IFACX |
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cesarmartinez209
 |
well if you wiling to loose that money in the first place why did you invest. that would my my first question to you. second since your already in i would stick it out yes it looks bad now and it could possibly get worse but in the long run say 5 to 10 years from now you will not regret it. lastly i would like to give you an alternative, instead of giving your money to the mutual fund manager why don't you take the responsibility into your own hands and start trading stocks. that way if you loose money it will be your fault not somebody else's. also if you invest in stocks on your own you could make money in a down market if you play your cards right. |
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syalam
|
if you can afford to live without the investments then stay because it will turn around.
never sell at a loss |
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teresathegreat
|
The stock market always corrects itself in the long run. Invest for the long term, not for quick gain. If you sell out now, you definitely lose the money you invested; if you hold on to the stocks, they have a chance of recovering some or all of that money. Better a slim chance than no chance at all. Mutual funds stand a better chance of regaining than individual companies, as well, so you have more reason for optimism than pessimism right now.
CDs are pretty overrated, usually not a sound investment. You'd be better off with a money market fund instead. Money market mutual funds may not make much money, but you have almost no risk of losing it either, so it's perfect for a steady "emergency fund". |
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tax_senior2002
 |
You haven't LOST money until you liquidate those positions. Until then, you STILL own the same number of shares. |
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Terry S
 |
Never invest money in the stock market you are NOT prepared to lose.
I highly recommend "Invest Like a Shark"
EXCELLENT book.
I've been trading the markets for 19 years and the last book I read that was as good as the shark book was Reminiscense of a stock operator.
Hope this helps. |
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Don
|
This market is the most unusual market I have ever witnessed. I recently inherited $40,000 and the only place I felt comfortable investing some of the money was in my DRIP Plan.
The companies I have in them are solid Blue Chips that I know at some point will turn around and come back. However, most of the money I put in a CD.
You might look at a DRIP as one of your options. Everything else, I am a little gun shy from using right now.
Best of Luck |
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rrone2004
|
Dear Investor, avoid much more losses and use put options. |
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piet lul
|
get out now, you can always get back in again after the market has risen 5000 points. |
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