Is this the time to buy stocks?

[tom j]

Would you if you could put 20k into the stock market while we are at record lows. I have never invested into stock just mutual funds and 401k. What are some good resources?

 

[GregInAtl]

IMO , no not for the novice investor. We are in near uncharted territory, and what we thought was the floor was closer to the ceiling, it very well may go much further down. Its hard to say. My money is close to my pocket...even my 401k tanked to literal $0 based on my statement ...so much for aggressive investing making me the $ I was used to seeing come in.
I am the last to be Chicken little, but the sky may very well be falling.

 

[JoeNational]

If you have never done any type of investing before then I would say no. At least not with the very close help of experienced investors. However, it is very rough to answer that question. Right now everything is down and it keeps going down and wont go back up until there is a major shift (election may possibly help). If you know a company is a solid company but is down then I would watch it closely. Lets take Apple for example, they were trading at what 120+ the other day and went all the way down to 85ish yesterday. However, they are up today and we all know they are a strong company with new products that consumers love. X-mas is right around the corner too, even though consumers are not spending the money they once were you better believe they will be plenty out there getting ipods for little Jimmy.

Trick is to watch it like a hawk in today's market. Of course Bonds, mutual funds are different then what I am talking about above, they are still based on market drop/growth/etc...

 

[klrv6]

If you know a company is a solid company but is down then I would watch it closely.

That's what I am doing, getting my little list of very strong companies that have been hurt by everyone yanking those strong stocks. Even GM has a chance of coming back with some of the motion they have internally. I have aapl but, I picked it up in the spring. That one isn't doing so well right now. Look into the big ones people have walked away from. Boing, GE, IBM, Microsoft and other big companies that have the cash to support themselves. Microsoft has enough cash on hand to run full speed for an entire year without selling a single product or laying off a single person. They will make it through.

 

[bison]

Pay attention to whats going on. All sectors cant continue to fall at the rates they have for the last week for much longer. Ill be jumping back in with both feet after the election. Im a little nervous about Wall Streets reaction if Obama is elected . It wont be a positive thing for investors.

 

[Little6pack]

This week I put 15k into buying stocks just this week. I plan a little more next week.

While others are spooked & selling, this is a bargian.. what goes down, goes back up & down & up & down.

 

[salvageV6]

If the alternative is the local casino then I say yes! :biggrin:

If you can guess right on the global economy problem and figure out within a few days of the real LOW, then you can make some good coin.

I bought some Apple.

About even right now.

I figure even if I have to wait until after Christmas to sell it, it may go back up. :biggrin:

 

[SGRIM]

Wait for the magic #! I don't trade, like salvage said go gamble... Anyway wait for the floor buy quick and you should be okay. It should happen real soon!