#11
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And yeah, pgardn, I do think a lot of people will figure out how to make money out of the current situation; I'm just not sure how yet. But, in the meantime, I'll continue to stay out of debt and put money towards retirement (though I am looking at moving more of my money into mutual funds focused on the international market. Though I'm the genius who got into the market just about at its peak in 2000. D'oh! I did benefit from continuing to invest during the low years right after, so yay for dollar-cost averaging.)
Well I dont know exactly how to make money investing right now as I just cant keep up. Dollar cost averaging and mutual funds, especially index funds seem the best way to me. I just cant spend the time looking over all these individual companies and then trying to figure out if Wall Street actually sees the company as I see it. Very tough. And I dont know that I am correct in my 5 year assessment. I hope I am. Larger Foreign investment in this country not only means the dollar is cheap, it also indicates that the world has faith in the economy of this country. |