[quote]daudowen wrote:
FormerlyTexasGuy wrote:
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Prices are low right now. Buy in to secure the current low cost of stocks and ad to the portfolio as the market continues to drop.
You will be buying discounted stock for an extended amount of time, effectively increasing your gains exponentially when the market comes around. There is zero sense in avoiding this opportunity. The longer it lasts the better.
Well put.
Some stocks now are priced below liquidation value.
Got stuck with some R.E.I.T holdings ,but I knew that was risky. But you only loose when you sell. Basically I’m a buy and hold. Yes I may even be called a Bogle head.
Looking to get back in soon,and averaging is a sound system.[/quote]
Yes. This is the fastest, easiest way to fund retirement, cushion current savings or even make a class jump for anybody with enough disposable cash to start investing.
Overall recessions (Possibly a coming depression?) are tough, but for those with steady income, they are a boone for profit.
Anybody considering first investments should talk to a broker and do it imo. Then learn the game well enough for some autonomy and cut out your broker’s fees.
Understand you are taking on risk of money loss too and diversity is absolutey key. Until you have a good portfolio and want to gamble a little bit.
I would say to the younger people, such as myself, now is definately a great time.
Buy mutual funds, IRAs etc. You will buy much more stock with your entry level purchase now than you normally would and you are on the winning side of the time value of money.