Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: pedorrero Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25316  
Subject: Re: ING 401K Account & ? Date: 8/6/2002 7:19 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Congratulations! If you are only 22 and have really done all those financial things, that is a great thing. As for buying bond funds, I would say "no." I can appreciate that you started out at the peak -- 2000 -- and have only seen your holdings drop since then. I would give you the traditional advice: dollar cost average, investing a little each month or quarter (usually the 401K). Even if the bear market last for years, like it did from about 1972-1982, you are buying lots of stock at cheap prices. You have perhaps 40-50 years until you would retire.

My advice would be different if you were more like me: older (40) and/or with a large amount of money (lump sum) to invest. I will be getting a large amount (inheritance) and you can bet it won't all go into stocks -- probably about 25% to 50%. The rest will be in cash and bonds.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Story Behind the Story
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement