01-19-2003, 11:32 PM
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I need a beer 
Industry Role:
Join Date: Jun 2002
Location: ♠ Toiletville ♠
Posts: 133,947
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Quote:
Originally posted by blckwidow
1. Don't invest money in the market that you will need in the next 5-10 years
2. Invest regularly, it's called dollar cost averaging
3. Buy low and sell high........ the market is low right now, so now is a great time to start investing
Start investing in a broad based index fund, put in the same amount each and every month, don't try to time the market, and just invest and leave it alone for 10-20 years. Most of the sour grapes people either started when the market was high, invested badly, or invested money that they needed in less than 5-10 years.
For those who are moaning: if your investments are good, just wait it out, the market always comes back.
Then again, I love people who get out when things are down and jump on the bandwagon and buy when things are high, they're the ones who make it possible for people like me to buy low and sell high.
Definitely read everything you can at www.motleyfool.com it's a great site with tons of unbiased information.
Karen 
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Dam...why didnt I get this advice 10 years ago? |
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