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Started By
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Is now a good or bad time to start investing?
Posted on 3/2/15 at 2:14 pm
Posted on 3/2/15 at 2:14 pm
I have no investing experience, but want the money just adding to my savings account to do something, but if I started now am I just setting myself up for the next big drop in the market? My main goal is to take a about half of what we have in the bank and have it start earning towards the purchase of a new home as our family grows, purchasing 4-5 years from now, if that helps anyone with advice. Thanks!
3
Posted on 3/2/15 at 2:37 pm to EveryonesACoach
Get referrals to an FA in your area. Shop/interview them.
They'll help you with your short term and long term savings goals. And they'll set up a brokerage account for you, if that's what ends up being the best approach.
They'll help you with your short term and long term savings goals. And they'll set up a brokerage account for you, if that's what ends up being the best approach.
This post was edited on 3/2/15 at 2:39 pm
Posted on 3/2/15 at 6:25 pm to EveryonesACoach
The best time to start investing is when you have $1 more than you need.
Posted on 3/2/15 at 6:37 pm to TDsngumbo
Unless you're in college
Posted on 3/2/15 at 7:54 pm to EveryonesACoach
Putting half of what you have in the market with the intent to take it out in 4-5 years is far too risky of an idea for most people.
Posted on 3/3/15 at 7:40 am to bayoubengals88
definitely invest. I wouldn't put the money you need in 4-5 years in the stock market. My advise would be investing the money you don't need for 10+ years
two quotes that come to mind, which aren't verbatim but are close:
"Every 6-7 years investors forget that there is a pullback every 6-7 years"
"In the last 100 years there have been over 100 10% market corrections. Think of the volatility like christmas, you know they're coming - don't let it surprise you"
two quotes that come to mind, which aren't verbatim but are close:
"Every 6-7 years investors forget that there is a pullback every 6-7 years"
"In the last 100 years there have been over 100 10% market corrections. Think of the volatility like christmas, you know they're coming - don't let it surprise you"
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