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I invest in mutual fund, putting in around 200bucks every month.? |
i feel like putting in more occasionally if i have extras, maybe 500bucks every 3 to 6 months or so. will it help in making me earn more? if yes how much in terms of percentage? Yes it will increase the amount of capital that you have in the fund. The earnings are based on that. As far as the percentage, that is entirely up to the specific fund/funds that you are investing in. Also if the funds go down in value, you loose. If the funds go up, you gain. The old disclaimer of past performance is no guarantee of the future still holds true. It depends on how long you leave it in, what the yeild on the fund is, and how you have structured the fund. You did not mention which mutual fund. Now might be a good time to jack up the contribution because most mutual funds are down significantly from what they were a few months ago. If there were a time to consider contributing more it is when they are selling for less. Without knowing more about which fund you are investing in, more advice would be inappropriate. Don't do it. Get out. And stay out. We're heading for a market crash and another Great Depression. Have you got your mind set on mutual funds? |
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