stock market is down, time to get in
By maxsee212
@maxsee212 (799)
United States
June 4, 2008 12:31pm CST
in this recessionary times, the strategy is to buy stocks in their low prices and sell them in a rally. this has been the trend since the start of the year. you would make a lot of money trading and using this kind of strategy.
3 responses
@moneyman3 (52)
• United States
8 Jun 08
if you get in add money slowly to decrease your risk and still avoid financial stocks even though they look cheap
@maxsee212 (799)
• United States
9 Jun 08
i would not get into any kind of financial stocks out there unless they have nothing to do with the housing subprime crisis we are having now. you would be better of putting ur money in a savings account rather than investing in financial stocks.
@echomonster (2226)
• Greenwood, Mississippi
4 Jun 08
I agree that is definitely a good strategy in theory, but the problem is the stock market is something of a barometer for the whole economy. When good stocks are cheap, people also tend to have less money available to invest in them. Sad, isn't it?! Undoubtedly, though, many fortunes are made during slow economic times by people who have long-term financial strategies and some money to invest. I just wish I could invest more right now!
@maxsee212 (799)
• United States
4 Jun 08
sorry to hear that. there's still time to invest. it's never to late to make ur dreams come true.
@challs12 (548)
• Malaysia
4 Jun 08
Mmm... stock alert. Well, petroleum price increase drastically and continuously recently, hence everything for sure will go up. I can say present stock market price is the lowest for coming few months. It will keep increasing with a while small drop. Noted that we are finishing our petroleum underground.
@maxsee212 (799)
• United States
4 Jun 08
that's why you should start to accumulate now while it is still dirt cheap so when it bounces back you could make a lot of profit.
