Hi, with the recent credit market problems, would it be wise to put $$ into mutual funds now? I plan to put $20,000 into it when the CD expires. thank you
2007-08-10 14:10:06 · 2 answers · asked by Tsu-Fan C 1 in Business & Finance ➔ Investing
If I had a crystal ball I could give you a better answer. Basically you can never be sure whether the market will go up or down immediately after you invest. The question is really whether you believe in the long term you will make more money in a mutual fund than the interest on your CD. But always think long term (5-10 years) not what the stocks did this week.
2007-08-10 14:17:41 · answer #1 · answered by Angie 6 · 0⤊ 0⤋
Yes. Buy LOW and they are getting low.
Of course steady consistent investment in mutual funds is best. By dollar cost averaging the same amount every single month, you end up buying fewer shares when it is expensive and more when it is cheap.
If you invest $100 every month, you will buy 10 shares when it is at $10 and 5 shares when it is at $20.
2007-08-10 21:37:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋