Thanks for taking time to read my post. I'll admit my investing expertise probably doesn't compare to most here by a long shot at best.
I will say I do not have the skills for picking individual stocks so that's why I'm looking at indexes.
I've recently seen on Bloomberg several so called experts in the past couple weeks projecting the Dow would hit 14,000-14,500 and the Nasdaq likely to reach 2,800 by the end of 2007. Given that each has recently had a nice move up, that still leaves approxiamately 6% & 8.5% upside from where the markets are today (both offer greater returns than I'm getting currently at the back 4.45%). Rather than trying to pick the next "hot" stock I'm currently just looking to put money recently inherited from an insurance claim ($18,700) into either the Diamonds (DIA) or the Q's (QQQQ).
Do I split the money 1/2 into both? Do I put in one or the other? If so, which? Do I buy 1/2 now and wait for a pullback for the other half?
We are in a parabolic BULL phase that could last for 18 months up to two more years. Inflation is tame and the ecomomy is strong according to experts. So now is as good a time as any to go 1/2 and 1/2 in my opinion. Plan on holding until late 2008 so you get out before the crowd. Of course all this will change overnight if we get another 9/11 but our government watchdogs seem to be doing a great job. No worries for now! Good Luck