Recession Shopping: 10 Things to Buy Right Now

Archived from the original Sajha.com — preserved as posted, replies can no longer be added here.
Start a New Discussion
Archived Post

I know some of book smart dumps azzes were disagree with me when I started a thread ‘Right time to buy stocks and make money’. I still personally think this is the right time to buy cheap stocks (less than a buck or so) and leave it for 3-5 years. You might get end up with $10,000s after 3-5 years later. Do some research and look their history if any company’s share was more than 25$ 3-5 years ago and now if it’s trading for 20-30 cents, just buy it and forget for couple of years. Don’t forget to diversify that mean buy different kind of stocks. My personal suggestion is buy energy, financial & commodities stocks. Good luck to us According to the Time magazine Stocks By DAN KADLEC No, it's not a dirty word, and yes, they are cheap. If you owned stocks through the downturn you understand just how cheap they have become — falling, on average, more than 53% from peak to trough. That alone does not make the market a bargain. More important is how far prices have fallen relative to corporate profits. But there, too, we see the market is offering a steep discount. If you have more than five years to hold, now is a great time to dip back into stocks. Consider a broad index fund like Fidelity's Spartan Total Market Index Fund or Vanguard's Total Stock Market Index Fund. In both cases, the prices of these funds relative to the earnings of the companies in the index have dropped more than 40%. "The total market funds have a lot of appeal when just about everything in the market is cheap, like now," says Russ Kinnel, director of research at fund research firm Morningstar. You get great diversification and the lowest investing fees anywhere. These funds could get even cheaper. But they are a simple, smart way to get and stay invested for the recovery. Last edited: 17-Apr-09 09:29 PM Last edited: 17-Apr-09 09:32 PM

dikush · Apr 17, 2009 9:20 PM · 195 views

Replies
No replies yet.

This conversation is preserved exactly as it was on the original Sajha.com and can't accept new replies.

Start a New Discussion

You might be interested in...

Recent Classifieds View all
Upcoming Events View all
Service Providers View all