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re: VGENX.....Time to buy?
Posted on 1/6/15 at 8:41 am to Clyde Tipton
Posted on 1/6/15 at 8:41 am to Clyde Tipton
I'm with Vanguard so it might be even cheaper. This is my first time taking a risk with something like this just not sure how long to wait to buy or wait to sell when it goes up to a certain price point in the future?
1
Posted on 1/6/15 at 9:09 am to TigerSaint1
Disclaimer: I'm not a financial adviser, expert, or even remotely clued in.
That said...
I buy mutual funds to hold. Right now is just a good time to get in because you can buy at prices you missed years ago. This is just a good fund to stash money for retirement.
If you want to be speculative and buy and sell multiple times when it goes up then you should look at individual companies. When you buy these funds there is a disclaimer about not trading them frequently. They will black ball you and not allow you to purchase them again. Although I think they technically only require you to hold them 90 days or so...
Someone else chime in... I may be off with those statements.
That said...
quote:
This is my first time taking a risk with something like this just not sure how long to wait to buy or wait to sell when it goes up to a certain price point in the future?
I buy mutual funds to hold. Right now is just a good time to get in because you can buy at prices you missed years ago. This is just a good fund to stash money for retirement.
If you want to be speculative and buy and sell multiple times when it goes up then you should look at individual companies. When you buy these funds there is a disclaimer about not trading them frequently. They will black ball you and not allow you to purchase them again. Although I think they technically only require you to hold them 90 days or so...
Someone else chime in... I may be off with those statements.
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