I just got a new job and I’d like some smart suggestions on what I should be investing in. I’m not very familiar with the but I need to make a decision(s) within the next few weeks.

thanks!

 

  • Luigi 1:04 pm on March 15, 2010

    If you’re just getting started and plan to add to the account regularly, start an account with Vanguard in their 500 Index fund (ticker: VFINX). It matches the S&P 500, has the smallest expense ratio of any fund, and is a solid core holding. While you’re building your account there, start researching other mutual funds and stocks. You’ll want to look at small cap funds, mid cap funds, international funds, and sector funds. Always stick with no-load funds and pay particular attention to Morningstar ratings. When the Index 500 account passes $10k, then start diversifying into other funds or stocks. Stock investing will take considerably more work and time than fund investing, so keep that in mind.

    If your employer offers a 401k, go with that, especially if there is an employer match.

  • bow8810 1:04 pm on March 15, 2010

    ticker t witch is Att

  • insanitys_mask 1:04 pm on March 15, 2010

    i suggest that you hold out, experts predict that the stock market will bottom out between 3000 and 5000. its just a matter of time before it plummets again. but if you do want to invest i suggest staying away from financial institutions and reatil stores. auto industry is a definite no, wait til after they file bankruptcy and all the union contracts are nulled, then they will start making profits again. invest in ford or wait til gm and chrysler merge.

    but the best thing to invest in is gold. itll never reach zero and is predicted to double in the next few years. so you can easily make a return in that investment. i invested back when it was 700 an oz. and now its 924 an oz. thats a 32% return!!!

  • john P 1:04 pm on March 15, 2010

    When the market is bouncing along the bottom for the most part it doesn’t matter. Just like over the last 18 months all stocks went down, when the market recovers all stocks will go up.
    I’d suggest a mutual fund that mirrors S&P 500, DOW, of another major market index.

  • Robert Layer 1:04 pm on March 15, 2010

    I would suggest a really solid performing mutual fund or exchange traded fund. The reason I would recomend this is because of your lack of expierience with stocks.

    by investing in a fund you will receive a good diversifed portfolio of stocks. There are many world class funds that are down in price along with the market. Additionally with a fund you won’t have to always stay on top of buying and selling. A fund basically is a buy and hold strategy. Unless you really want to "day trade" I would stick to a good performing fund with a good diversity of stocks.

    If you would like to learn more about some of the top performing equity funds visit the website and shoot an email over and I will be happy to help.

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