Should I invest my entire savings in a mutual fund, although it's not FDIC insured?

My financial planner said I should take the money in my savings account and place it with one of his company%26#039;s funds. But, although the rate of return is good and definitely better than the interest rate I get with my bank, it%26#039;s not FDIC insured, thus subject to market fluctuations. Should I keep my savings going, or move it to the funds?

Should I invest my entire savings in a mutual fund, although it%26#039;s not FDIC insured?credot siosse

Why not place like 25% in mutual funds to see if you can handle the fluctuations?. Mutual funds have historically been a better investment than a saving account, but if you tend to panic, you could lose alot of money.

Should I invest my entire savings in a mutual fund, although it%26#039;s not FDIC insured? loan

If you want a better rate of return that isn%26#039;t FDIC insured but has less market fluctuation I would recommend a money market account they will yield roughly 3-5% (they are decreasing every day due to the Fed cutting rates, mine right now is yielding 4.01% but is going down slightly every day)

For example my saving account is a crap yield of like .5% (.005)

(aka on $1000 will only yield you 5 bucks in interest in a year) so I just transfer money into my account to pay bills

Right now the market is very volatile due to the subprime mess (aka its gonna fluctuate up and down more often and probably more down than up for a while)

Maybe on a big downturn (like 2-3 days of the market being overall down) to get a better price for a mutual fund|||You absolutely should not invest in just one investment vehicle. This is the very basic thing that your financial planner should know. Get another financial planner cause this guy is an idiot who just wants your money.

You should have money set aside in a regular savings, money market or checking account in case of emergency. I don%26#039;t know how much you have saved up but you should have 3 - 6 months of your living expenses saved up in one of these accounts. After that then you can start investing in mutual funds, stocks, bonds, CDs and other things. CD%26#039;s are the safest but the interest rate will be low. If you invest in stocks %26amp; mutual funds then spread out your investments in different stocks and/or mutual funds.|||dont put all your eggs in one basket, is your financial planner a well known investment business or just a friend.|||Your financial advisor is going to get a nice commission from your purchase of mutual funds.

Mutual funds are becoming dinosaurs. About 75% of them under perform the stock market, all have management fees usually between 1% and 2%, and many have sales loads.

Only a few select mutual funds are good investments.

Your financial planner is looking at a fat commission from your purchasing of mutual funds from his company.

If you are looking for security with Govt. backing, maybe try US Govt Municipal Tax Free Bonds, which are currently yielding more than the taxable Bonds.

Or maybe look into an international CD, they are insured by FDID, but they are vulnerable to currency fluctuations. However, my favorite website has a FDIC CD that is yielding 12.14% APY. It is in a foreign currency. I plan on investing in it in March, because I like the upside potential more than the downside risk. I just don%26#039;t believe the US dollar will move up more than 12% against this currency, if it moves up at all.

Your advisor is looking for a fat commission. Mutual Funds is a term novice investors love to use, but their best day has passed.|||Try this,

No need to invest your entire savings.

Just $500.

No need to guess directions.

In fact, do Nothing!

http://automaticforextrading.blogspot.co...

Happy Prosperity Year|||instead of Mutual funds or FDIC , have u thought of Asset managed account?

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