Beginning Investing Message Board: ETF's For long term investing

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ETF's For long term investing

Posted by ftgjr on 2/20/2007, 12:04 pm

Hi. I'm relatively new to investing. I'm 38 and own my own business. For the past couple of years I have been puting money monthly into a Fidelity Freedom Fund for my Retirement and also puting money monthly into a 529 college fund for my 3 kids. I also have DRIPS for Home Depot, Wal-Mart, and a few other stocks that I contribute to monthly as well.
My question is, are ETF's a good long term investment vehichle? I was considering puting like $20 a month each to 5 different ETF's and re-balancing them each year to buy more of the one's that drop in price in order to keep a balance. Again, my goals are primarily long term.
Thank you
Fred

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