[quote]singram wrote:
Greekboy80 wrote:
singram wrote:
Mr ian wrote:
Mutual funds are always good though
the millions of workers who lost half their retirment funds during the 00/01 crash might disagree with you.
They would have that year, and a few years afterwards. But not anymore, cause its back up over the previous high that year…
Well,that response was to a statement that mutual funds are safe.Nothing is safe,the secret is buying at the right time and selling before it peaks.Mutual funds are flawed and when the market crashes,many people lose most their retirement funds.NOTHING is a safe bet,education is the key.[/quote]
Yeah I agree. But if your in your mid 20’s, a mutual fund is a good bet. If you have 40 or so years to ride out ups and downs, you should be good to go.
Just find a good target retirement fund, open up a Roth Ira with a target retirement fund as the vehicle and max it out each year(4,000). You should have about one million(prob. more) by the time you retire…pending that you average 8% annually.
Plus what you already have for your retirement through work.