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Old 01-15-2005, 12:08 AM
Mark Heide Mark Heide is offline
Senior Member
 
Join Date: Sep 2002
Location: Illinois
Posts: 646
Default Re: Idiot wants advice.

If you don't keep track at all, you would want to go to a S&P 500 fund which generally have low management fees. With just 5K, and you don't want to bother with anything else, just stay with the S&P 500 fund. Get your money out of anything else. Bond funds would be okay short term, but I generally recommend againt them unless you have your money in a corporate 401K plan with limited choice by your employer. When I mean short term, I'm talking about up until August. But, I would only pick an index fund like the S&P 500 funds, anything else is just wasting your money.

My prediciton this year is for a bottom by July for the Dow to hit 9200 for this year. I expect oil to bounce around a bit form 35 to 55 dollars this year. A wide margin for a crummy overvalued market.

If you do time the market. Stay out of all funds until July or August. Watch and start buying up for the next Santa season.

Good Luck

Mark
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