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<blockquote data-quote="beentheredonethat" data-source="post: 211363" data-attributes="member: 4886"><p>If the market was predicatable, everyone who invested would become millionaires. There is no such thing as a sure thing in the market. No one knows if it will go up or if it will go down tomorrow, the day after, next week or next year. All people have our hunches. The only thing I've seen that makes sense is the people who tend to do the best on average, keeps putting money into the market (weather it is a bull year or a bear year) and don't take money out of the market when it goes down. Since if you do, you're likely to miss out when it goes up. Personally, I moved most of my money into the Self Managed account and put it into a bunch of mutual funds. Latin America and China are real hot right now. I also do something similar to a previous poster, I track to see how the mutual funds are doing, the ones doing poorly I may move money out of into a new fund or one that is doing poorly. However, I try not to put all my eggs into one basket for example all in Latin America, or all in China. I want to make sure I'm spread out in different markets. As an aside. I read a book by Peter Lynch the guy who ran the Magellan Mutual fund a while ago. Real interesting read. He has one chapter talking about how in the long run you'll do much better in stocks then bonds.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 211363, member: 4886"] If the market was predicatable, everyone who invested would become millionaires. There is no such thing as a sure thing in the market. No one knows if it will go up or if it will go down tomorrow, the day after, next week or next year. All people have our hunches. The only thing I've seen that makes sense is the people who tend to do the best on average, keeps putting money into the market (weather it is a bull year or a bear year) and don't take money out of the market when it goes down. Since if you do, you're likely to miss out when it goes up. Personally, I moved most of my money into the Self Managed account and put it into a bunch of mutual funds. Latin America and China are real hot right now. I also do something similar to a previous poster, I track to see how the mutual funds are doing, the ones doing poorly I may move money out of into a new fund or one that is doing poorly. However, I try not to put all my eggs into one basket for example all in Latin America, or all in China. I want to make sure I'm spread out in different markets. As an aside. I read a book by Peter Lynch the guy who ran the Magellan Mutual fund a while ago. Real interesting read. He has one chapter talking about how in the long run you'll do much better in stocks then bonds. [/QUOTE]
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