Should we be buying shares now
By umart13
@umart13 (841)
Ireland
July 6, 2008 9:13am CST
Hi,
With all the chaos on the world equity markets and people worried about their jobs and keeping their homes, do people think that it is time now to buy shares? After all is it not trus that Contrarian Investors usually outperform the Stockmarket?
If you have opinions or ideas as to where I should invest then please let me know.
Many thanks!
UMart
1 person likes this
2 responses
@desertdarlene (8910)
• United States
6 Jul 08
I've been considering buying more stock, but it's even more essential now to do your research on a company. Many companies are going out of business, even some that have been around for a long time. So, I would look at their balance sheets and read the discussions about those companies before investing. My problem, right now, is that I just don't have the available income to invest though I really want to.
@umart13 (841)
• Ireland
6 Jul 08
Hi desertdarlene,
yes you are right! this is certainly the time to make sure that the companies you invest in are financially and operationally sound. The tide is going out and we are soon going to see what is under the surface.
You also write that income is tight at the moment. Yep! we are all feeling that. Its funny how we all have money when the stockmarket is up and we don't have it when its 20-30% cheaper...
All the best
UMart
@golfproo (1839)
• Canada
6 Jul 08
Hi There,
I have spent a lot of my time investing in markets. As with most things...timing is everything. It really depends upon where you think things are going. If you think Oil will continue to rise, computers and tech will take off again, commodities etc... Personally, I think this is a major bubble for commodities. I also think the markets are just too unstable now. I tend to put mine in safe cash investments and stay away from the markets. However, you are right, this is the type of market you can make a lot in if you guess correctly.
cheers,
@umart13 (841)
• Ireland
6 Jul 08
Hi golfproo and thanks for your reply. Yep! to buy or sell at the right time is the point, to quote trader Jesse Livermore. The problem is that I have also a lot of experience with the markets, but I honestly do not know where things are going from here. We have not had a credit crunch like this in 40 years and we have not had inflation like this in 30 years. Even your safe cash investments are seeing their purchasing power being eaten away by inflation.
See ya
UMart
