Kimmyhesse - Kim H

The Empire State Building and Twin Towers of World Trade Center juxtaposition in this afternoon aerial view looking south. Late 1978.

Photo: Stephen Proehl.

Source: Stephen Proehl. “Over New York”. Boston, Houghton Mifflin Company, 1980.

Mutual funds SSIP. Dos and don'ts? Anything I should keep in mind outside of diversification and long term investment planning?

It took me a while to get this one because I kept thinking "Dafuq's SSIP? Never heard of it." But I think you actually want to ask about a SIP, or Systematic Investment Plan, which is an investment route offered by mutual funds in which you can invest a fixed amount at regular intervals. It's similar to dollar cost averaging, as opposed to lump-sum investing.

So with that out of the way, here are my very complex and detailed thoughts:

- Put some money in an index fund every time you get paid.

That's it. Truly. If you want to unpack it a bit, here's some more of our thoughts on investing:

Investing Deathmatch: Timing the Market vs. Time IN the Market

Investing Deathmatch: Stocks vs. Bonds

Investing Deathmatch: Investing in the Stock Market vs. Just… Not

Investing Deathmatch: Paying off Debt vs. Investing in the Stock Market

Investing Deathmatch: Traditional IRA vs. Roth IRA

Investing Deathmatch: Managed Funds vs. Index Funds

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The new 38-story Seagram Building. 350 Park Avenue, east side between 52nd and 53rd Streets. Ludwig Mies van der Rohe-Phillip Johnson-Kahn & Jacobs, 1956-1958. 

Night view looking southeast of Seagram Building, fully illuminated, in late, 1957, shortly before its completion. The Waldorf-Astoria hotel (Schultze & Weaver, 1931) are visble at right, and the new Grolier Building (Sylvan & Robert Bien, 1958), under construction, are visible at left, background.

Foto: Andreas Feininger/LIFE Magazine.

My man is a veteran! Thank you to every veteran and active duty troop for all you do to keep our country safe and free!