2006-12-29 14:13:45 · 9 answers · asked by Matt S 1 in Business & Finance ➔ Investing
Sure, why not?
If history holds, the third year of the presidential cycle (2007) is the best performing of the four years. It's been up 100% of the time going back to 1942.
Just be sure you know what you're putting money into. If not, you could still lose money even if the market goes up.
Good luck!
2006-12-29 16:00:36 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Not until you educate and familiarize yourself with the system, otherwise you are only gambling against professionals and the odds will be very high against you. You need books and websites that will guide you, plus you need a couch who you trust to help you during the early stages. Start with practice accounts and then with small amounts of cash, till you get better. As for 2007, you may not be fully prepared to start active trading just yet. If you insist on pursuing to trade in 2007, trade small amounts because there is a very good chance you might lose your money. The fact of the matter is that some people need to lose so that others may profit. It's up to you!
2006-12-30 04:33:01 · answer #2 · answered by geezy 1 · 0⤊ 0⤋
well the decision is up to you and there are some serious buying opportunities in the market. However even mutual fund managers do miss (as one proved his 15 year winning streak was brioken this year as was another with an 8 year streak) the market and actually underperform the market. I always diversify I have etf's in several sectors and a blend of europe and asian sectors as well. Not sure yet how well I fared but I know it was a hig single digit (7% at least maybe more).
Despite the commies taking over in two weeks I am bullish on the market and even some sectors.
2006-12-29 23:27:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You should put in money that you won't need for a few years. That way, whether the market goes up or down in the short term, you won't have to cash out. Generally, you don't get five years together that are all bad.
Don't try to "time" the market and get in at just the right time. Instead, invest your money over time. Invest the same amount every month: when stock prices go down, you can buy more, when they go up, you automatically buy less. It's called Dollar Cost Averaging and it forces you to buy low.
2006-12-29 22:35:42 · answer #4 · answered by Katherine W 7 · 1⤊ 0⤋
i dont think u shuld. well they think ( or know) that a small depression will come in the 09-10 area. so i think u maybe shuld. because wen evr there is a depression before it the markets were crazy with money. it always corrects it self. a little confusing but yes! put ur money in the stock
2006-12-29 22:17:52 · answer #5 · answered by bill 1 · 1⤊ 1⤋
It doesn't matter what year it is, investing should be part of your financial goal. Without investing we'll be slaves to our jobs all our lives. On that note, yes.. chose wisely though. Do a lot of research and know what you are buying. Make sure you buy low and sell high. Go to http://ibooyah.com and read investment matters and suggestions. Good Luck!!
2006-12-30 00:47:09 · answer #6 · answered by Anonymous · 0⤊ 0⤋
PUT YOUR MONEY IN A 401K, AND HAVE A PROFESSIONAL LOOK AT IT ONCE A YEAR. OR THERE ARE PLACES LIKE THE MUTUAL FUND STORE HERE IN ST.LOUIS THAT CHARGES ONE PERCENT FEE TO MAKE SURE THAT YOUR MONEY IN THIS 401K IS BEING INVESTED WISELY.
2006-12-29 22:22:57 · answer #7 · answered by johnmiriani@sbcglobal.net 4 · 1⤊ 0⤋
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Good Luck and Best Wishes!
2006-12-30 02:37:56 · answer #8 · answered by Anonymous · 0⤊ 1⤋
for sure, but stick it in mutual funds to have a professional manage it
2006-12-29 22:25:04 · answer #9 · answered by swenjj 4 · 0⤊ 0⤋