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bananarama

08/06/12 9:22 AM

#46970 RE: diannedawn #46967

Dawn,

"...trying to buy and sell hasn't worked out for me." It usually doesn't. No one on this planet knows the best time to buy and sell. I have told Mojo this countless times. TIMING THE STOCK MARKET IS IMPOSSIBLE. Many professionals have tried and died, so how can we do it.

This is why I tell people to investigate any company well, and if you feel it has potential, then invest in it. If it goes down when you buy it (and that is a 50-50 chance), then you can buy more or sit tight. If it is a good company, it will come back. All this investing stuff takes patience, and people who jump on and off of stocks have none.

As I said several other posts to Mojo, set up a monthly dollar cost averaging plan with a balanced mutual fund (50% stocks 50% bonds) like the Vanguard Wellington Fund (Call Vanguard and ask for an application and systematic withdrawl form). They will take as much money as you want them to out of your checking account. They pay a good dividend, so reinvest everything. The more you put away each month, the more money you will have at retirement.

And, if you have extra money, keep buying KBLB at these prices.