Monday, June 30, 2008

Horrible Quarter

The quarter has come to an end and as we have watched along the way it had finished horribly. The major benchmarks for the market have been heading south and have not looked back yet. As much as this may be depressing for those of us in the market currently as our investments have likely been shrinking on a daily basis, this is a great time to get into the market (also a good time to add more money in for those of us in the market currently; dollar cost average down).

There are a lot of values out there, its tough and not smart to go out there and start buying stocks without studying and learning a lot about the stock and the industry, but you can get into some index funds, or solid mutual funds at a premium right now. I am not going to tell you that the market is not going to make a turn around tomorrow and we are all going to make a killing, but the market is down, its lower than it has been in a while, and its a good time to get in and maybe be able to get an extra few shares of that index fund for the same about of money you wanted to put in last year.

Again, you need to be very aware of what you are investing in, if not thats just silly, but for those of us who don't have the knowledge or time to study investments, just take a little time out of your day and read up on some index funds and mutual funds. Look for mutual funds that are investing how you want (aggressive, conservative, income...), make sure they have a great track record as a manager and then its up to you to take a little risk.

Sometimes it tough to get money together to invest, take a look at hustlermoneyblog, there are some good ways to save a few bucks to plow it into the market if you want. Ive been a long time reader and have never been disappointed.

Ill continue on with investing education over the next few weeks....

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