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SPDR Dow Jones Industrial Average ETF Message Board

  • calvin_speaks007 calvin_speaks007 Jun 4, 2007 9:31 PM Flag

    1st time post here----question for the msg board

    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).

    Questions:

    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?

    Any help I would appreciate. Thanks!

    Calvin

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DIA
181.19-0.82(-0.45%)Feb 27 4:00 PMEST

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