Is anyone here investing new money into the stock market right now?

@bayernfan (1430)
Canada
November 10, 2008 9:55pm CST
With worldwide economies in recession and stock markets everywhere tumbling, is anyone here brave enough to add new money into the markets? Have you lost lots of money this year? Did you take out your retirement savings and put it into something safer? Are you ready to put your money back to work? Are you willing to trust your government and/or the markets again?
4 responses
@MrCBee (5)
• Australia
11 Nov 08
I purchased 2 companies shares mid october in a big way because I thought we must be getting close to the bottom. I wont mention the names but I picked up one at an absolute bargain. The stock was way over sold and im currently up 45% however have not sold so can't say im up that much yet, the markets could drop hardcore tomorrow :(. My other stock has actually droped 8% and its very scary watching it each day because it moves up or down about 10%. I purchased these stocks for long term growth thinking about 2 years. however I may have to pull that plan and sell soon because 37% in 3 weeks is not a bad investment. I do think its a reasonable time to buy for long term growth because there are alot of quality companies with low prices at the moment. If you think the world will fall into a full blown recession I would suggest you stay out of the market. Otherwise do some research and find a trustworthy broker and make some money. The broker I use is offering a holiday season deal at the moment its not a life changing bonus or anything just an extra $100 deposited into your trading account if you make 3 trades before december 31st. If anyones interested I can send you the email they sent me (im not sure if it is possible to send emails on mylot??) This is my first ever post. Hope that is helpful info for some.
@bayernfan (1430)
• Canada
11 Nov 08
Sounds like you're trading and not investing for the long term at all. Why not take your own advice and stay in for the long term? If your holding for the long term, you shouldn't be worried about daily swings because you have purchased solid companies that will do well over time, correct? Up 45% on one stock and down 8% on another. Not bad, but I hope that you are an excellent stock picker and that your streak can continue. Do you think that we're in for a prolonged recession? Maybe you know something that can inform the rest of us? Perhaps you are expecting something to come up because you "may have to pull that plan and sell soon"?
@bayernfan (1430)
• Canada
14 Nov 08
Humans are indeed funny creatures. Many of us breath a big sigh of relief when the Markets rally for a while. It doesn't mean that we should become complacent and think that the worst is now over. The U.S. government is trying very hard to convince investors that we are at the "bottom" of the market because they find themselves at the edge of the precipice after spending a lot of money, that they didn't have in the first place, to take measures that haven't worked. Here's an interesting article that you might want to read if you have some time: http://blogs.reuters.com/great-debate/2008/11/13/tarp-and-fed-facilities-unravel/ There are a large number of "analysts" that are openly calling current market levels "the bottom". I get nervous when stated opinions get so one sided. Especially if they come from officials that have been wrong time and time again. The bottom has been called several times already, and anyone who has held on has been burned badly. The G20 meeting is coming up this weekend, and George Bush and the American administration will need some cover in order to strengthen a weakened hand during negotiations. Markets are up a bit, so perhaps some space has been created. This pattern has played out many times already with usually poorer results in the long-term for the U.S. and their initiatives. The American officials really do not want to change and that's why you hear comments like "the global financial crisis is not a failure of the free market" from George Bush. Germany entered into technical recession yesterday, with larger than expected GDP declines of 0.5%. France, Italy and the entire Euro zone are expected to follow Germany into recession today. A masterful job has been done with the saturation of the media saying "if we are in recession", while completely ignoring reality on the ground. All our economies are in recession right now, make no mistake of that. Australia might not have it as bad as other, but last time I looked, Australia was a commodity economy. The collapse of commodity prices and cutbacks in activity by developed and developing nations lowers demand for commodities, no? A similar thing is going on in Canada and the government here is now talking about selling assets to avoid or lesson deficit spending. Isn't Australia an island? Australia doesn't import anything? How's the Aussie dollar doing right now? Please don't get me wrong. I'm not trying to tell you what to do. I know nothing about you. I am perfectly happy to see people buying. Please buy more stock and add to your positions. Some very good people are making a lot of money off the mistakes of others, whether the market is going up or down. ;)
• Australia
14 Nov 08
Thanks for the wake up call haha, I think im going to stick with the long term hold. I dont have any inside information with the recession, I work for a managed fund company and there are alot of different views with my work partners. I live in Australia I dont beleive we are in recession at the moment but most people think we are thats the problem. If people think we are in recession or heading into recession then the outcome will be recession. Humans are funny creatures when they loose control panic and fear sets in. I think the situation in the US, Europe, China, Japan etc is worse than us. Australia just follows the trend.
@mvsrao (4365)
• India
11 Nov 08
Many believe that it is the right time to invest again in the stock markets provided that it is a long time investment . that is investors should not expect returns in a short time . I do not have any experience but my brother lost a lot
@bayernfan (1430)
• Canada
11 Nov 08
To experts, analysts, advisers, brokers and banks it's always a time to buy and none of them ever tell you when to sell. I remember when they were telling everybody that it was a great time to buy Financials in May, only to have the banking industry collapse in June. Anyone in the "many" that believe it's the right time to buy again actually investing their own money right now? How about your brother?
@mvsrao (4365)
• India
11 Nov 08
well , I am not encouraging him to invest more ; we have better things to do .
@bayernfan (1430)
• Canada
11 Nov 08
Sounds like you don't think it's the right time to plunge back in to the markets. I guess the analysts haven't been convincing enough.
@kyliexo (71)
• United States
11 Nov 08
I am not experienced in the stock market but I believe that now is the time to buy if you are looking into long-term investments. Stocks are cheap because people are scared and are selling their stocks. But the economy will recover, which means the stocks you buy today for dirt cheap will one day regain value and then you can sell them at a very high profit.
@bayernfan (1430)
• Canada
11 Nov 08
So are you going to invest some of your money in the market right now or is this advice just for the rest of us?
@MRCurly (26)
• Malaysia
11 Nov 08
If I do have a lot of money,I would invest my saving to the stock market.I think right now is the best time to invest in the stock market.A lot of good company has been affected by this financial crisis, their stock price has come to the bottom line.This would be the best time ever to buy the stocks at a very low price. 'Be fearful when others are greedy,be greedy when others are fearful'--Warren Buffet. I gonna be greedy,if I got enough money...
@bayernfan (1430)
• Canada
11 Nov 08
If you are sure, then why not borrow some money and buy now if you don't have enough? Warren Buffet recommended that people buy American stocks and said that he will move all of his personal portfolio into U.S. investments. If it's good enough for Warren, then it's good enough for all of us. Please post back here and let us know when you have made your purchase. Thanks.