written by reader 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.

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Travis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe

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 ยป

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