Kimmyhesse - Kim H

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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