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| Personal Finance Credit cards, home loans, retirement plans and taxes. The place for all your personal finance questions. |
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Welcome to the site. Since you're knew, I'll point out that this is NOT a market-timing discussion forum. The time to invest is when you are ready and able to invest. Forget about finding the bottom. First of all, nobody knows when that is. Second of all, the market is up 30-40% YTD so if you were looking for a bottom, you probably missed it about 4 months ago.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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My crazy stock-trading uncle recommended GE. It's better than other recommendations in the past, but... because I can't valuate it competently, I've stayed away from it. I don't know if my father has though. Seriously, the best way to start out investing is with mutual funds, especially index funds. In fact, you can invest in nothing but mutual funds and do perfectly fine. |
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If you're unsure about how to invest your savings, than it's time to get educated. Go to Morningstar.com and you can start learning about stocks, mutual funds, and how to invest.
If you don't get anywhere, than it's time to invest in low cost, index-based funds that reflect the market. Over time they perform well(historically). |
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