Thread: Ask a Broker
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Old 02-09-2004, 12:37 PM   #13 (permalink)
sailor
beauty in the breakdown
 
Location: Chapel Hill, NC
Quote:
Originally posted by powerclown
Haha, make money, of course!

Seriously, I just want to put away some money now for long-term gain. But how, where, when why what?!?
THIS for the long winded explanation, or THIS for a shorter, more concise version.

Essentially, ignore trying to make money in the short run. Instead, place your money into a mututal fund--and the more companies that it includes, the better. There are some that even include every stock traded. By doing this, your gains are essentially exactly what the market does. You thus by definition cant make any more than the market as a whole does, but you also cant lose more. In the end, you come out on top.
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