Is anyone taking advantage of the all time low prices in the US stock market?
By ThirdMillion
@ThirdMillion (604)
United States
October 24, 2008 12:22pm CST
I'm just wondering if anyone else out there is taking advantage of the downturn in the stockmarket. There are some very sound investments to be made right now. If you have always been afraid to get in to the stock market, but always wanted to, now is the time! If you have some income to invest, no matter how small it may be, get in to the market. This market will rebound, why not make some huge money when it does? Is anyone out there taking advantage of this current situation?
1 person likes this
4 responses
@narayan2006 (2954)
• India
24 Oct 08
The downturn in the stock market is reflection of the terrific recessionary trend that has devoured the U.S.A economy and the worse is yet to come. This is a most unsafe and uncertain period for investment though blue chip stocks are available at the rock bottom prices. It is wise to wait and watch till any clarity emerges about the real situation and till the confidence builds up among the investing community. Thanks.
@ThirdMillion (604)
• United States
24 Oct 08
Well, I respectfully disagree. To me, there couldn't be a better time to get in to the market. With the prices on consistent stocks being so low, if you can wait maybe 5 years for your money, you stand to make a considerable profit. Like you said though, it is risky, but I believe that the potential payout is worth the risk.
1 person likes this
@ishralene09 (2260)
• Philippines
24 Oct 08
"The downturn in the stock market is reflection of the terrific recessionary trend that has devoured the U.S.A economy and the worse is yet to come."
Well, they still come back right? I have to agree with thirdmillion, this is the best time to invest on stocks, because when prices raise up, you can sell them for profit. And of course clarity emerges through some time, so it's risky, but profitable if the iron is struck at the right time.
@ishralene09 (2260)
• Philippines
24 Oct 08
I wanted to, but sadly I have insufficient amounts to earn more...that's my poor reality. Really. If only I have a big amount in my pocket then maybe I will. I was seriously thinking of doing that because if the US proved to be strong again, then you're right, the market will rebound and stocks will shoot prices like skyrockets...It's like, kabaam!
Thanks for sharing the insight. Have a nice day.
@ishralene09 (2260)
• Philippines
24 Oct 08
Oh man that's way dropped down! Nice, after the recession that would definitely shoot up. FORD, a really good choice man, no wonder you're rich...and how can I pay for stocks? Are they accepting Alertpay? Just a thought, because that's the only payment processor I have funds right now. Have a nice day.
@ThirdMillion (604)
• United States
24 Oct 08
I'm not sure if they accept alertpay or not, but they will take a check or money order through the mail.
@ThirdMillion (604)
• United States
24 Oct 08
Thanks for the comment. Remember, stocks are very low right now. I recently bought in to FORD, a company that has tremendous staying power that is very likely to rebound strong in the next 5 years. I paid $2.08 per share. Thats very little to invest and with a company like Etrade, they have no minimums so you can buy a share or two at a time if you wish. Just a thought. :)
1 person likes this
@pkristie7 (606)
• United States
24 Oct 08
I have seriously been thinking about it, but I have no idea where to start. Do you have any tips on where I should invest?
@pkristie7 (606)
• United States
24 Oct 08
Wow, thanks. This is great information. If Etrade has a referral link I will sign up under you.
@Citizen_Stuart (2016)
•
24 Oct 08
Not yet, but I'm hoping I'll have saved up enough money from online earning by next spring to start investing. This is going to be a bad recession, so I imagine a lot of shares prices will still be depressed by that time. My idea is to invest in companies that are stable, as a long-term investment. A lot of big businesses that have been around for decades (chain stores and suchlike) should be able to weather the recession OK.
@ThirdMillion (604)
• United States
24 Oct 08
Good choices, and yes, much of the economy will be as bad or worse by then. This downturn may take several months to a few years to fully rebound so most of these investments are going to be long-term. There are some that are very low priced that you could buy now and sell on an up day, but for the most part I'd be looking at long term investments like the ones you suggested.
