doowmd
Well-Known Member
I'm starting this thread to start an informative discussion about wether or not to 'ride the wave' of my mutual fund and 401k investments.
The money invested in mutual funds has been invested for going on 6 yr.s, and seen a lot of ups and downs. Losing over 1/3 of the initial investment (i.i.) during the height of the recession, but now gaining that back plus 16% over the i.i. . the 401k has also went thru almost identical ups and downs and ups!
When I called the bank thru which the mutual fund investment is handled, their rep told me to 'stick it out' basically, and 'now is the time to invest not sell'. I'd like to have some opinion on this from some of my riu family instead of the rep at the bank who is obviously advising w/ the bank's interest in mind (my opinion).
But idk, maybe it was sound advice. The market did recouperate enuogh to give me back what I'd lost........well this is the reason for the thread in the 1st place.
What does everyone else think? Safe investments like savings acct., or c.d.'s, or continue w/ the mutual funds and a few high risk invetsments too?
Like oil for instance. Good or bad to have money in right now? Is gold still a good investment or have i missed the train on it competely?
All thoughts are appreciated and +rep to the most logicl sound advice.
The money invested in mutual funds has been invested for going on 6 yr.s, and seen a lot of ups and downs. Losing over 1/3 of the initial investment (i.i.) during the height of the recession, but now gaining that back plus 16% over the i.i. . the 401k has also went thru almost identical ups and downs and ups!
When I called the bank thru which the mutual fund investment is handled, their rep told me to 'stick it out' basically, and 'now is the time to invest not sell'. I'd like to have some opinion on this from some of my riu family instead of the rep at the bank who is obviously advising w/ the bank's interest in mind (my opinion).
But idk, maybe it was sound advice. The market did recouperate enuogh to give me back what I'd lost........well this is the reason for the thread in the 1st place.
What does everyone else think? Safe investments like savings acct., or c.d.'s, or continue w/ the mutual funds and a few high risk invetsments too?
Like oil for instance. Good or bad to have money in right now? Is gold still a good investment or have i missed the train on it competely?
All thoughts are appreciated and +rep to the most logicl sound advice.
