| Stocks - now is the time to buy |
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HackedB
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l have heard from reliable sources that this is a great time to invest in the stock market.Is this true?If so, where can someone like me (who knows nothing about investing or stocks or dow jones etc) look to explain the stock market?Where can stocks be purchased?
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Wil
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no, we're gonna get another depression, we're on the verge as it is, my advice is to make sure your bank is ''safe and prepare.. not to sound paranoid, but yeah..
All stocks right now are plummeting
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North
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It is a great time to find fundamentally strong stocks and hold onto them for the long term.
It is the whole buy low sell high idea. You buy when everything is going down and everyone else is too scared to buy. Then when everything starts to head up you are the first one on the ban wagon.
This page will teach you what to look for when finding fundamentally strong stocks. http://stocks-simplified.com/fundamental_analysis.html
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zofta2
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Now is a good time to start looking at getting into the market as long as u have a long term outlook on it & u spread the investments around. If you're looking to get rich quick, do not even think about it.
Right now, the market is down.think of it like you're shopping at Wal-Mart.when is the best time to buy? At the regular price or at the sale price? Right now almost every stock on the market is on sale. However, it is quite likely it is going to get worse over the next little while & the markets will be volitile for a long time.
If u do get into the market now, here r a few tips:
Based u what ur knowledge level seems to be (fairly limited), look at mutual fund type investments (Segregated Funds, or index linked funds etc.). This will give u a good variety of stocks in one portfolio so u r not jumping in head first without knowing what is going on. Instead of ur $50 a month going into one share in a company, ur $50 is essentially split into buying several smaller portions of shares in hundreds of companies. If one company tanks, u will have 99 others making money to pull the investment up. Find a financial advisor to help find something for you.
Do not dump a whole bunch in all at once. If you're getting into the market right now & u have $5,000 u want to invest, start by putting something like $250 a month into the market. The markets might go up the markets might go down.it is very volitile right now so u never know from day to day if it is going to skyrocket or plummet some more. By putting ur money in a little at a time u will catch some of the low tides when the stocks r cheap & they will grow when the market comes back up. This is called Dollar Cost Averaging.
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