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The Water Cooler
General Discussion
I hope you are holding on with both hands!
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<blockquote data-quote="SlugSlinger" data-source="post: 2784180" data-attributes="member: 7248"><p>I have helped my 19 yo daughter open a Roth. She has funded it herself. I am helping her make her initial purchase today of a S&P Indexed mutual fund. After today, the fund should be around 15% or more off its 30 day average. In my opinion, it is on a fire sale today and with 30+ years to retirement, this initial investment could be enough to retire on. </p><p></p><p>I have tried to teach her about dollar cost averaging and making systematic contributions over time, which she plans to do.</p><p></p><p>The timing of this correction couldn't be better for this scenario.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 2784180, member: 7248"] I have helped my 19 yo daughter open a Roth. She has funded it herself. I am helping her make her initial purchase today of a S&P Indexed mutual fund. After today, the fund should be around 15% or more off its 30 day average. In my opinion, it is on a fire sale today and with 30+ years to retirement, this initial investment could be enough to retire on. I have tried to teach her about dollar cost averaging and making systematic contributions over time, which she plans to do. The timing of this correction couldn't be better for this scenario. [/QUOTE]
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The Water Cooler
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I hope you are holding on with both hands!
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