Need Your Long Term Investing Help

By xiexgp@gmail.com, January 13, 2014

New to Gumshoe, but a big fan already and became irregular as of this month. I am 39 years old, and have put every dollar I’ve made the last 20 years into my business that is finally a stable flow of income for me and my family. I have never had any investments to speak of (mutual funds, 401k, etc). I am debt free but my mortgage @ 2.62%, and have 6 months living expenses saved up in money market @ .9%. I have $2500 a month to invest and was wondering what you would do if you were me. Save up til the market has a correction, buy some mutual funds, and then buy stocks as they appear to be a buy or value. I know there is a lot more to it than this, but just now ready to start investing in stocks and wanted to get some opinions. Thanks and Travis you do a wonderful job, thanks for this site.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Share your thoughts...

1 Comment on " Need Your Long Term Investing Help"

Notify of
avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Travis Johnson, Stock Gumshoe
Admin
8968
Hi friend, welcome aboard! I can’t give personal advice, I’m afraid, but I can tell you how I learned to invest when I got started on this adventure: I started with just saving and building up by dollar-cost-averaging into index funds and other low cost mutual funds that looked appealing to me. I didn’t want to take risks in buying individual stocks that need more attention and monitoring until I understood things much better, so I started reading everything I could get my hands on, including the letters from investors I really admired and the funds I bought into (like… Read more »
Add a Topic
334
Add a Topic
5971
Add a Topic
285
wpDiscuz