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Reply to "Investing money; need advice"
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[quote=Anonymous][quote=Anonymous] Buying a basket of stocks and reinvesting the dividends is not the same as practicing medicine. It doesn't take a Nobel Prize winner to buy a basket of stocks. In the [b]shirt term you'll make money and in the long term you may become very, very wealthy[/b]. Never let anyone else manage your money. No cares more about your money and your family than you do yourself. [/quote] Wrong. You act as if stocks can never go down. They have, they do, and they will. You act like investing in stocks is a sure thing. It isn't. If it was, why would anyone bother with any other investment products at all? Why not just dump all your money in the stock market? According to you, you'll win in both the short-term and the long-term. I agree that taking a long-term view, stocks are a good investment, but in the short-term it's not guaranteed. Generally, I'd say if you have any plans to use the money within the next 5 years, you shouldn't go heavily in stocks.[/quote]
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