Hey all, I pretty new on this board and new to investing too. But I’m learning quite a lot since I stumbled across this site, thank you to all that have responded to my other questions.
Now, Is there a good time to buy into a fund, I once heard that some funds dump stock at the end of the year and buy back in the beginning of the new year, if this is true, will it cause the value to drop ?
I also hear that it’s better to buy in to a fund in small amounts at a time over a long period.
I have a fair amount of capital to invest and it’s sitting in my bank making about 3% after tax, I would like to get it into a better investment.
For any one wondering what the after tax account is: My bank buys Triple A Tax free bonds at auction, the money turns over very quickly and is very “liquid” (new word for me when it comes to talking money). The money is safe and I seem to be getting better than most short term Cds, however I’m sure you guys could give me a better choice.
Now, Is there a good time to buy into a fund, I once heard that some funds dump stock at the end of the year and buy back in the beginning of the new year, if this is true, will it cause the value to drop ?
I also hear that it’s better to buy in to a fund in small amounts at a time over a long period.
I have a fair amount of capital to invest and it’s sitting in my bank making about 3% after tax, I would like to get it into a better investment.
For any one wondering what the after tax account is: My bank buys Triple A Tax free bonds at auction, the money turns over very quickly and is very “liquid” (new word for me when it comes to talking money). The money is safe and I seem to be getting better than most short term Cds, however I’m sure you guys could give me a better choice.