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when to invest

Posted on 9/29/08 at 8:55 pm
Posted by Southbound
Member since Mar 2008
112 posts
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Posted on 9/29/08 at 8:55 pm
I know it is impossible to predict a bottom, but at what point would it be best to start investing. I have about 3500 that I would like to invest and another 6000 I plan on keeping in a 3% apy savings. I only want to invest in DIA or SPY at this point, but is this the level (>10,500) to start or should I wait until it drops further and leave all of the money in the savings account? What is everyone's opinion?
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Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26725 posts
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Posted on 9/29/08 at 9:02 pm to Southbound
Keep your money where it is. GDP is gonna slow big time, consumer spending will keep going down the drain, and housing prices are still way overinflated.
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Posted by beachtiger777
new orleans
Member since Jan 2008
666 posts
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Posted on 9/29/08 at 9:50 pm to LSUtoOmaha
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