The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: New to Investing at 58||Date: 4/11/2011 4:03 PM|
|Author: Rayvt||Number: 68867 of 75797|
I want to follow some of the fool's recommendations, but am not sure how much to buy of the core recommendations.
Do you means TMF recommendations? Best thing to do with those are to put those web pages on your browsers block list. If you printed them out, put those papers thru a shredder. The correct amount of their core recommendations to buy is ZERO. All IMHO, of course. The bulk of the value here at TMF is found on the message boards.
I've been reading up on various strategies and now have joined with others at the Motley Fool. I have over $170K sitting in a money market fund from my 401 & 457. .
Before you start doing ANYBODY's strategy, ask yourself how you would feel if your $170K evaporated to $136K in one month. That's what happened in the S&P500 in October 2009.
The very best advice I give people is to read and think over this information at these links:
FundAdvice.com: "The ultimate buy-and-hold strategy"
20 page paper
"Asset Class Performance is Unpredictable"
2 page synopsis of "Asset Class Performance is Unpredictable"
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