Should I sell my $400 of MSFT stock and put it into an ING Direct mutual fund?

Question

Don't you think I could make more money if I put my money into an aggressive mutual fund?

Answer 1

right idea wrong fund. Ing funds are LOADED funds meaning that $400 you got 5.75% of that comes right out when you buy it so you start right off in the hole. In addition I don't think $400 will cover you to buy the fund anyway (most of them from ING requires $1000 to start). I don't see msft doing much but you may want to cosider three etf options first VEU (price will drop tommorrow) that I own and its the all golbal minus us recently released by vanguard. Second EXT Widsomtree Total Earning Fund All US 1600+ stocks with MSFT in it. Moves up on good earnings should be solid for a while anyway. Third from Barclays Sector Rotation Fund XRO this is an interesting one (and the only one out of the three I do not own) this one readjusts every quarter and moves with market seniment in the sectors.

good luck

Answer 2

Weeeeell, you CAN make money faster on Microsoft, but you can lose it faster. If you're UP, maybe it's time to cash out, maybe. Mutual funds are actually no better - they usually work by "net asset value" - if you say "sell" - they put in the order to sell your shares, BUT the fund has several assets in it, and the people taking the order will sell whenever it's best for their inventory - whether they are long or short, which is not necessarily in your best interest. They don't ALL work that way, but a lot of them do - sell at the end of the trading day, around 3:30 - that way you'll get the price closest to the quoted price.

The best way to go is an ING BANK account - ~5% interest guarenteed, your money can be withdrawn anytime, and you'll never lose value.

Answer 3

The savings account is safer, but will keep you at the contant lower rate 4.5 while some of the mutal funds have a higher rate of return. I say (like me) start with a savings account then branch out to one of the mutual funds. Choosing a higher risk fund will get you a higher return. The ing mfs are no load and have basically zero fees minus the mgt fee. contact me to get an invite.

Answer 4

Mutual Funds are good and save you brain work. I jumped on Google when it went public for $78 but, I just went on past history of Yahoo and how others were referring to google for searches on the inet.

Answer 5

MSFT has long-term potential, but it constantly shoots itself in the foot (Vista??) Broadly, technology issues aren't doing great. Why limit your self to aggressive funds (technology?) .

Utilities, emerging markets, energy funds, etc have done quite well recently.