ripvanwinkle
Well-Known Member
All that is necessary for evil to succeed is that good men do nothing - Edmund Burke 1729 -1797
Joined: Jan 9, 2011 22:36:42 GMT -5
Posts: 1,342
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Post by ripvanwinkle on Jun 21, 2013 19:11:24 GMT -5
Well, I've finally come to the realization that I can't pick individual stocks very well. Pride goeth before the fall they say. Since I can't monitor the markets daily up and downs and respond accordingly, I'm now looking to buy just some sector index funds to cover most all bases.
I'm thinking getting into about only 5 market sectors but not sure which ones. Why just 5, I don't know. Less to deal with I guess.
I'm not asking for any recommendations on any particular fund, (but it might help), just the sector. Which sectors should I look at for long term?
Is this a good idea
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The Virginian
Senior Member
"Formal education makes you a living, self education makes you a fortune."
Joined: Dec 20, 2010 18:05:58 GMT -5
Posts: 3,629
Today's Mood: Cautiously Optimistic
Location: Somewhere between Virginia & Florida !
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Post by The Virginian on Jun 22, 2013 6:05:43 GMT -5
Rip,
I don't know why you have trouble picking stocks. Take a look at the Dividend Stock thread and the Long Term Investor thread.
My recommendation would be to start with the stocks that have great historical histories of doing well - Look at the Magnificent 7 or the DOW Aristocrats in the Dividend thread to start. These companies have been doing great for 25, 50, 100 years - not rocket science. The turtle always wins the race.
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