Author Topic: Good time to invest? (Read 753 times)

davidpt40 · « **on:** February 11, 2003, 11:32:14 AM »

Is now a good time to invest in mutual funds? I'm a college student and every semester I recieve a bonus from my employer for going to school. Was thinking of investing in some no-load mutual funds. Can anyone offer any advice?

Ripsnort · « **Reply #1 on:** February 11, 2003, 11:53:20 AM »

Depends what you want to do with it...are you looking at a small caps fund for short-time return (such as planning to buy a house within the next 5 years) or you looking into a growth fund that will be a long term outlook for say, retirement?

IMO, anytime is a good time for a Mutual fund. Buy low, sell high.

Hangtime · « **Reply #2 on:** February 11, 2003, 11:57:51 AM »

The guy that goes to a game BBS for parenting advice gives a guy that goes to the same BBS financial advice..

Now, thats iorny.

midnight Target · « **Reply #3 on:** February 11, 2003, 12:01:16 PM »

Ripsnort · « **Reply #4 on:** February 11, 2003, 12:02:51 PM »

Quote

Originally posted by Hangtime
The guy that goes to a game BBS for parenting advice gives a guy that goes to the same BBS financial advice..

Now, thats iorny.

Who? me? My post was asking if there are any "bad parents" like me...E.G. do you not allow counsel games in your house?

Thats not asking for advice, thats asking if others out there were like I. Advice was given, but I didn't ask for any.

davidpt40 · « **Reply #5 on:** February 11, 2003, 12:04:36 PM »

I was thinking about some speciality funds (technology) Ripsnort, perhaps for short-term growth (1- 5 years).

Don't listen to hangtime, he probably still lives in his parents' basement.

Ripsnort · « **Reply #6 on:** February 11, 2003, 12:10:23 PM »

Quote

Originally posted by davidpt40
I was thinking about some speciality funds (technology) Ripsnort, perhaps for short-term growth (1- 5 years).

Don't listen to hangtime, he probably still lives in his parents' basement.

Hangs divorced..that should speak for itself

You'll have a difficult time finding a short term fund that has no-load. I would suggest picking up a magazine that is dedicated to the financial sector and take a look at the best performing Mutuals(They break them down by catagory), then contact the companys (most have a 1-800 number) and ask for perspectise (sp), then take a close look at what they invest in, and how they have performed over the period of time that you intend to invest...that's what I did and its paid off very nicely, even in the downturn of the economy (balance portfolio).

Suggested magazines for rating mutuals:
1. Money
2. Kiplinger's Personal Finance
3. Family Money
4. MoneyMinded
5. SmartMoney
6. US News & World Report: Personal Finance
7. Forbes

Personally I prefer the Kiplingers Personal Finance.

Hangtime · « **Reply #7 on:** February 11, 2003, 12:14:08 PM »

Quote

Hangs divorced..that should speak for itself

Three times.

Practice makes perfect.

midnight Target · « **Reply #8 on:** February 11, 2003, 12:15:04 PM »

Quote

Originally posted by Ripsnort
Who? me? My post was asking if there are any "bad parents" like me...E.G. do you not allow counsel games in your house?

Thats not asking for advice, thats asking if others out there were like I. Advice was given, but I didn't ask for any.

Rip...

Your post was Titled: "Am I a Bad Parent?"

not "Anyone else a bad parent?"

Ripsnort · « **Reply #9 on:** February 11, 2003, 12:17:22 PM »

Midnight, as much as you wish to think that I need parental advice, rest assured, I was simply asking if anyone else does not allow game consoles in their homes. That certainly doesn't sound like I wanted someone to correct my parental behavior. Nice try, insert another quarter and play again.

(The content of the first post DID ask the question "Any other "bad" parents out there?'")

midnight Target · « **Reply #10 on:** February 11, 2003, 12:24:48 PM »

I'm sorry Rip. Did I post something that was false?

nope.

Hey I got my quarter back! Your machine must be broken.

Saurdaukar · « **Reply #11 on:** February 11, 2003, 12:38:28 PM »

Play currency.

Historically, Gold and Silver have always gone WAY up immediately before and during any conflict. Sell at the conclusion.

Ripsnort · « **Reply #12 on:** February 11, 2003, 12:43:45 PM »

Quote

Originally posted by Saurdaukar
Play currency.

Historically, Gold and Silver have always gone WAY up immediately before and during any conflict. Sell at the conclusion.

Historically, mutuals always have done much better than any precious metal during anytime in the history of the stockmarket exception being the year 1929

davidpt40 · « **Reply #13 on:** February 11, 2003, 12:50:17 PM »

Not my mutual funds. My old man bought me a fund back in 1992, PGRWX, for a while it was making +30%. Just last year it was featured in a news article "Top 10 Portfolio Destroying Mutual Funds". He is discouraging me from investing, saying the market is still plumeting. I say the market is about to go on the rise, so does my economics professor.

Saurdaukar · « **Reply #14 on:** February 11, 2003, 12:51:31 PM »

Quote

Originally posted by Ripsnort
Historically, mutuals always have done much better than any precious metal during anytime in the history of the stockmarket exception being the year 1929

You havent seen my portfolio.