How would you feel if you invested 2000 in stocks when the dow was at 14000?
Blue B asked:
Im 21 and wont be touching the money for a while.
If I had only waited a few more months, damn.
Im 21 and wont be touching the money for a while.
If I had only waited a few more months, damn.
Now I dont have money to contribute. I got 10k in student loans and all my money is going to paying that down to 5k by APRIL.
Also, would it be wise to invest the money to pay down my student loans in the stocks?
Or is it best suited to paying of my loans.
If you won’t be touching the money for a while, then you got nothing to worry about.
After you pay down your student loans, and after you have several months of living expenses saved away in a secure, accessable place (money market, saving account), then you should consider investing more into stocks. There will still be a lot of great deals out there for a while it seems.
If you need the money in the short term (five years or less), you should never invest it in stocks. This is why.
Leave your money in the Dow…in fact, buy more stocks if you can! Loans are not important…whats important is leaving your money in the investment as long as you can. That is the only way you will ever benefit from it.
Just pay the loans off.
I would fell really happy, considering that I invested 200.000 that gone down to 110K, Even if lost the entire 2000 still would be great.
The important thing is to keep in perspective, because I am sure that even 80.000, is dwarvened compared with some peoples loses, imagine if you worked for 20 years fo Lehman, you not only would have lost thousands of dollar but also your job.
In your case you lost only a small amount, and you are still young and have lots of time and working ahead off you, Probably you will make this amount many times over.