Quote:
Originally Posted by jeffba
Soooo how is that working out for you at the moment?  |
Well it's like tending a garden. You have to weed ( sell under performers), seed (buy), and water (add to the funds).
You set up automatic trading. When the market starts dropping it hits a "stop loss" that you have preset and it sells. Then you wait.
When it hit bottom (and you never know when that really is) I put $7k into Fidelity Low Priced Stock.
(this fund purchases under valued stock, they basically do the work for you with weeding and sewing). I made $3,400 so far this year.