How many of you plan to buy stocks now?

[speakeasy]

Now that the market has tanked so far, I'm thinking that there's some pretty good value out there now for those looking to get in. I cashed out of my mutual funds a few years back, probably a bit prematurely, but it's okay. I might look to jump back in now that it's gone down 40%. Seems as though people are panicking and this may be a great buying opportunity.

Do you plan to buy?

 

[kabatura]

I would really like to I just dont have much money.

 

[mpimpin]

I'm waiting for an investment to pay out next month and then I'm investing in some direct purchases/ DRIPS. Gonna go ahead and get a jump on some long term investments

 

[Hooligan Harry]

Its a gamble guys. Market fundamentals are the problem and its dragging down companies that should be safe havens too. We just dont know how bad it is yet to be quite honest. No one can say for sure.

I would wait for a few weeks to be quite honest. There is a lot on the go at the moment and there is no reason why we wont continue to see stock values decline. There is panic in the market and no one is really sure if the different proposals from various governments are going to do much for the markets. Time will tell.

While you make make a lot of money one cant help but think its more of a gamble then a calculated risk. With interest rates dropping perhaps you should look at government bonds for now or even commodities like gold if cash is not desirable.

If you do want to gamble then I would gamble big. I would suggest looking to buy stocks outside the USA if you could. While share markets around the world have taken a beating the dollar has really jumped in value while other currencies have dropped.

For example the Aussie dollar was sitting at 98c to the US Dollar not 6 months ago. Its currently sitting at 67c to the dollar. Maybe buying into the top 200 of any normally stable economy that has seen a decline in currency value should be considered. This means that when things improve you bought stock that was possibly undervalued while at the same time buying stock when your currency is more valuable. You would see massive returns on it.

All that being said I would avoid buying stocks just yet unless its part of your long term plans. For people already in it they need to just ride the wave and cross fingers. Things will come right like they always do though. We need periods of contraction after extended periods of growth. Those who are not in just yet are best advised to see what happens in the next 2-3 weeks before you buy into this bull**** that now is a great time to buy. Its typical armchair economists telling you this crap. No one can predict the bottom but I dont think we are anywhere near it yet IMO. I may be wrong though.

 

[Teflon_Mcgee]

I'm buying.
I have to disagree with Hooligan.

While the fundamentals are not the best, the chances of good companies disinegrating are slim to none.

Are we at the bottom? Who knows.
But I think it's safe to say within a few years the market will be back up, we'll see the DOW over 14,000 again and anything you buy now will be worth alot more.

Trying to wait for the bottom is pointless. Especially if you have time to let your money sit. It'll be a roller coaster over the next few days, weeks, months, or maybe even years, but the market will progress and get back on it historical movement.

This is the time when a lot of new millionaires are going to be created and a lot of rich people are going to get richer (i.e. Buffet.)

 

[Wiesman44]

Trying to pick the bottom will give u nothing but smelly fingers.

Best way to go about it is to buy by averaging down start now. Buy a little Monday, if the market goes down, buy a little more, etc.

 

[speakeasy]

Sh-t, guess I was right, DOW post biggest gain in history. Damn, I've never seen a market so wildly volatile in my life. The swings we've seen in the last several weeks are absolutely insane. I remember when a 1% gain or loss was huge. Now when I look at the market, oil, commodities, 5 or 6% swings from day to day are becoming the norm.

 

[The Sperminator]

Well it just rose 936.42 or 11.02 percent. I wish I had money I wanted to buy some stocks.

 

[bigjohnson]

I'm happy - backed up the truck last week, WAY in the green now. WOOT!!!!