Quote:
Originally Posted by Vegas69
I bet Greg will say not to catch the falling knife. It's awful early in the cycle.
I started this deal two years ago and I'm still very happy I did. I have 8.5% more dinero than I would if I left it in the bank before dividends. I got lucky with some good companies that are doing well.
I recently listened to a cd that claimed that 97% of mutual funds are outperformed by the S & P 500. Mutual funds are glorified savings accounts. I see the value of a Roth IRA or a match 401k, but mutual funds are to safe to hit a home run with.
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Now you know why I HATE Mutual Funds.... I'd only ever invest in them if they are the only thing you can get in your company matched retirement program.
Yes - Todd - It might be a bit early for Volkswagon.... but I don't think it's a falling knife. My guess is - most of the damage to the share price is probably done. It's a good company overall... and NOW has a decent dividend payout. Not great - but the 4% and the possible recovery upside is a decent "bet".