Quote:
Originally Posted by GregWeld
It all "depends" ---- and I know that's a big non answer.
Depends on goals - age - what other investments you have.... and it really gets down to -- What you're comfortable with. If you're an investor that buys and forgets.... then index funds work to cover that.
But make sure you actually know what you're buying ---- and remember -- a rising tide floats all boats -- so your index fund will look like a hero in an up market -- but don't expect it to magically save your ass when the market drops -- so will your fund.
I prefer (personally) knowing what I own -- and this is even more important when the market sucks....
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Thanks!
so I'm 35, the majority of my IRA is in specific names that I did a ton of research on and I am comfortable with. For the most part I am a buy and hold/forget investor
I recently rolled over a big chunk and it had been sitting for a month or 2 and I didnt want it to just sit, but I dont have enough time to do extensive research, so I figured the index fund would fit my needs at this time
from what I read it seems like alot of people like these index funds, but it kind of goes against everything I've read here
Yea I am not expecting it to be this magic fund that will never go down, just dont want dead money in an interest only position