is it smart to invest in a mutual fund and just let it sit for two years?
I’m leaving the states for two years and will not have anyway to manage my portfolio, but i have a good amount of money that i would like to see grow faster then a typical CD or money market account. I’m thinking of getting a pretty big and diverse portfolio, with probably 30 securities, all which had a good rate of return last year.
is this too risky of an idea, to just let my investment sit there with no supervision for two years
river_plate_94 11:58 am on February 9, 2010 Permalink
My advise for right now if you are not in the market, stay out. It is so unpredictable right now. Under normal circumstances this is a text book case of when to buy , but there are too many big elephants , US on verge of big economic problem, credit crunch, verge of global recession, commodity price volitility, etc. Today is an era of wealth destruction. Just maintaining what you have , you are ahead of most. I’d put it in a CD and be glad your getting some return instead of losing it.
Remember in a mutual fund not only do you have market swings, you still have front/back end loads and expense ratio you have to beat to get ahead. Maintaining status quo means you are losing.