Follow the market.
A fund that diversify's by attempting to own the market will give you the longest term increase and the most protection from short term voilotility.
Historicly, they have the best long term return.
Two funds I invest in are Spider (SPY) and Federated capital appreciation fund (FEDEX). I've also been watching the new Nasdaq fund (QQQQ) and reveiwing it's prospectus.
Talk to a financial advisor, even if just to chat. History has shown that those who try to manage their investments alone have a low rate of return. Pay an advisor for advisment, even if you do not use them for their investment services. They will be happy to talk to you on the understanding that you will not be using them as long as you understand that you have to pay for their advice.
Don't assume you can figure and beat the market, no one can. patient investing with an understanding that risk is inherant is needed.
You may wanty to look at creating a CD ladder with say $10,000 of your money, and invest $5,000.
Please read The Intelligent Investor by Benjamin Graham, it is considered the source of common sense in investing. It is so well known in fact, that is required reading in nearly every business school.
And remember, I am not an investment proffesional.
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Seen on an employer evaluation:
"The wheel is turning but the hamsters dead"
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Is arch13 really a porn diety ? find out after the film at 11.
-Nanofever
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