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Old 03-20-2010, 06:16 PM
snafu snafu is offline
$ Saving College Senior
 
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Location: W. Canada
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Good on you for taking your 1st leap. I suggest you examine DCA [dollar cost averaging]. Pick a sum, it can be as low as $50. per month, pick a date, and the sum will automatically be withdrawn from your bank a/c. Some months you'll buy more units, other months less but it is shocking how it adds up after a few years. You can stop the program anytime you wish if it makes you uncomfortable.

Whatever you do, don't fall into the trap of selling because you have lost money on paper [checking NAV often]. It will take some time - perhaps 3 yrs. before the USA economy recovers.
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