Quote:
Originally Posted by nmap
And I wish you luck, Sir. If I may be permitted a cliché, markets and horse races are all about opinion.
But perhaps you would be willing to share a hint about where you're seeing some particularly good values?
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I am a nobody in the investment world and I'm sure you already know what I'm about to say; the best tip I can give for investments is to get & live debt free, invest where you get a match first, then fund your ROTH IRA each year, and finally fund other pre-taxed investment options you may have. Many on these forums are government employees and can annually fund a $5,000 IRA and then $15,500 of pre-taxed dollars in TSP; even with moderate to conservative returns they will do very well over time if they invest even a portion of that much each year wisely.
My version of investing wisely is to keep our investments as simple and worry free as possible by using mutual funds with good, long term records that invest heavily in debt free companies; I use the Dave Ramsey approach of splitting our mutual fund investments evenly with 25% each in large-cap, mid-cap, small-cap and foreign investments that have no transaction fees or load fees (This doesn't keep me awake at night like day trading techniques previously did). Once I found some we liked, we set things up to make the investments automatic; most people don't have or want to take the time to invest money manually each time they get a pay check.
The only thing I don't have setup automatically is our ROTH IRAs to be funded; I look for good opportunities to fund those each year and since I didn't fund them yet this year, I thought and still think this is a great time to do it; we funded half ours this week and the rest will occur next month when the market might be lower yet (if it's higher no worries either).
So back to my opinion (and yes we all have them); I believe the timing is perfect for a debt free person to invest in mutual funds that are heavily invested in debt-free companies versus debt-laden companies. Debt problems created this down market...Debt free people with the funds can do some loading up while everyone else either sells or just plain isn't buying. Ask me in 20 years how my investments this month did for me...I do keep records.