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Most of us believe that long term the market is headed upward, but right now is a time of uncertainty as numbers are indicating a slowdown in the economy and people fear we may be headed for a double dip recession.

We should begin to see who much impact the recent bad news will have on earnings when the next quarters numbers come out in early October. Then it might be clear which stocks are OK to buy. Until then you are guessing.

If you have a clear idea for which way the market will go and which stocks will do well first, it is certainly OK to buy some of them. But if in doubt, it might be better to wait a while until we see if prices will be lower this fall.

Money markets are paying ridiculously low yields, but Ameren common stock is paying 5.7% in dividends. Dividend paying stocks can be a good place to park your funds until you see which way things are going. Then most would encourage you to begin with an S&P 500 Index fund or a total market fund (as a mutual fund or etf) and grow from there as more funds become available to invest.

Best of luck to you.
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