[quote=CoMaToSe]
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Originally Posted by jujumantb
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Originally Posted by CoMaToSe
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Originally Posted by jujumantb
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Originally Posted by "CoMaToSe":bb7d9
Diversify that shit, dont put all your eggs in one basket. Put some in the stock market, put some in SS, put some in a retirement account, etc. And if you're gonna play stock market, diversify THAT. Bet on some safe industries/companies, and invest in some promising or intriguing futuregen stuff too.
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... much easier for a casual investor to buy into a mutual fund and let them do all that for you. |
nah, then what if the mutual fund takes a dive? |
you dont pick one that is going to take a dive... picking a low risk mutual fund is not hard... its not going to take a dive seperate from the overall market/economy. |
All Im saying is you should never, EVER put all your money in one place. A low risk mutual fund wont see enough of an investment growth to justify the even astronomically low risk of a dive. Put SOME of your stuff in a high risk mutual fund, and buy out every quarter or so. Meanwhile, manage most of the stuff yourself.
Call me a redneck, but Im hesitant to trust any third party, be it accountant or public fund or government with my money.[/quote:bb7d9]
And I'm saying you clearly dont have the knowledge that the guys running well established mutual funds do. Putting all your money into a well established, diversified mutual fund is JUST like managing it yourself, but they actually KNOW what they are doing... they'll put some into the stock market (well diversified in different industries), some into bonds, some into other securities... etc.. its NO different than what you would do yourself, except they know when to move the money around based on economic indicators. Managing stuff yourself is just plain stupid unless you really know how to read markets... aka do you even have any clue how to read a interest rate yield curve, the Fed's impact on it, and the implications for both the bond market and the economy as a whole?
Markets are not easy to understand, thats why those guys get paid hundreds of thousands/year to invest peoples money.
11-20-2006, 09:33 AM
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