we all know that the market will continiue to correct for some time
( 1 to 3 years ) would I be better off to sale knowing that they will continue going down or let it ride and wait few years to get my money back? ( they are in Europe )
2007-12-04 14:47:03 · 3 answers · asked by Andreinlaguna 1 in Business & Finance ➔ Investing
if it is down invest more
Coast average
2007-12-04 15:10:18 · answer #1 · answered by SpookyFox 5 · 1⤊ 0⤋
"we all know that the market will continue to correct for some time"...... if we all knew this we'd be out of the market by now (and the professionals would be out way ahead of you).
Get out of Mutual Funds until you understand them. Your question shows that you need a better education in this type of investment.
I can only assume you don't have a properly calculated "asset allocation".
Don't hurt your financial well being by not fully understanding any investment you're in. It's the kiss of poor returns (not to).
You can learn this now.... or miss countless opportunities until you finally "get it".
2007-12-04 23:12:30 · answer #2 · answered by Common Sense 7 · 0⤊ 1⤋
Mutual funds are a longterm investment. Atleast ten years or more. When they're down its an opportunity to buy more.
2007-12-04 22:53:54 · answer #3 · answered by jeff410 7 · 0⤊ 0⤋