or wait for a market correction? Where's this market going in the immediate future you think?
2007-02-11 00:43:27 · 7 answers · asked by Bill Spry 4 in Business & Finance ➔ Investing
no would not invest in stock market at all markets are over valued put yur money in cash or enjoy it your a long time dead
2007-02-11 00:52:49 · answer #1 · answered by S T 1 · 0⤊ 0⤋
Nick Z is wrong, ETF's do charge annual fees but they are usually less than open ended mutual funds. They don't charge "loads" but the brokerage house you buy them from does charge a commission but they are usually less than "loads." Nobody knows how the market will react short term. I have checked up on the predictions of some people who use charts, and 5 million other bits of financial information. They are right, but only 50% of the time. If you read them carefully, you will find they say something like "the market definitely shows signs of XXX, but if YYY occurs, it will go ZZZ. The most successful investors in the world have this to say about immediate future predictions: Success means "time in the market, not market timing." Invest now for the next 30+ years and the odds are greatly in your favor.
2007-02-11 09:21:17 · answer #2 · answered by gosh137 6 · 0⤊ 0⤋
The basis of your question is fundamentally flawed. The primary reason one buys a mutual fund is to have immediate diversification and professional management. Attempting to market time mutual funds is a contradiction. If you are concerned about a downturn, most fund companies offer a dollar cost averaging program that purchases shares incrementally from a fixed account, thus decreasing your risk and taking advantage of market downsides.
2007-02-11 12:56:31 · answer #3 · answered by Rob D 5 · 0⤊ 1⤋
Mutual funds charge yearly fees whether they make any money for you or loose. And for this reason I think that it's better to do some research and invest in stocks of good companies on your own. Or if you don't like doing research, then invest in Exchage Traded Funds (ETF's) which don't charge any fees and are traded like stocks of companies.
2007-02-11 08:58:38 · answer #4 · answered by Anonymous · 0⤊ 1⤋
mutual funds can sometimes be unstable, try something more secure like a GIC term deposit.
2007-02-11 08:46:54 · answer #5 · answered by soft rockstar 2 · 0⤊ 1⤋
Nopers.
Remember how video killed the radio star?
Well ETFs killed the mutuals!
http://tinyurl.com/2mko4x
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2007-02-11 08:50:06 · answer #6 · answered by alien~ 5 · 0⤊ 0⤋
what that means
2007-02-11 08:45:23 · answer #7 · answered by Spicy Ketchup 4 · 0⤊ 1⤋