Cap, I would follow Trevor's advice. Put the money in a safe place and spend the next six months doing your home work. Read some basic books on the subject, subscribe to money magazine, attend some seminars, etc. Do let any sales man hussle you. Before seeing a professional, educate yourself, so you can ask intelligent questions and assess the expertise of the professional. I would also send for a few dozen pieces of literature on no load mutual funds of good quality. My personal choice for my own retirement accounts are no load mutual funds who follow a value investing strategy. Some of these are: Vanguard Windsor, Weitz Value Fund, and The Dreman Fund. Once a year, money magazine lists all Mutual Funds and their performance over 1, 3, 5, and 10 years. Forget the one year numbers. Look at the ten year numbers. Value funds are found under the category of Growth/Income Funds.
Need lots of advice on investing a couple grand
by Cappuccino OC 11 Replies latest jw friends
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Cappuccino OC
Thank you for the good advice. I'll relay it to my mom to put it into an interest paying deposit for 6 months. I'll do my homework for her.
To: You Know; that was funny on the CD's. I fell for it. I've seen Cheryl Crow at the Gorge Amphitheater in North Central Washinton.
Cappuccino OC