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re: Interested in cheap ETFs, need beginner advice
Posted on 5/1/14 at 8:39 pm to rintintin
Posted on 5/1/14 at 8:39 pm to rintintin
I misunderstood. But golly, when I read trading I thought it was my duty as a decent guy to do everything to discourage him. It's a full time job.
What I said about buying some utilities and waiting for an opportunity to buy a broad based index fund after a significant correction still goes though. My opinion only. I bought the Wilshire and SPX in 2009. Everyone always says buy low and sell high, yest almost everyone can't do this. I'm not sure now is the time for the young man to be buying an ETF. All he has is time. Why not wait it out and get paid some dividends without a lot of risk to capital in the interim?
What I said about buying some utilities and waiting for an opportunity to buy a broad based index fund after a significant correction still goes though. My opinion only. I bought the Wilshire and SPX in 2009. Everyone always says buy low and sell high, yest almost everyone can't do this. I'm not sure now is the time for the young man to be buying an ETF. All he has is time. Why not wait it out and get paid some dividends without a lot of risk to capital in the interim?
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