Start Buying in today stock market. Do NOT hold 100 percent cash
By fnu149
@fnu149 (11)
United States
March 11, 2009 4:14am CST
In today's stock market, I really want to persuade those people who are holding 100% in cash to start buying stocks. All you need to do is dollar cost average in a very discipline way. For example, you can put the money that you can invest in the stock market every month. I also recommend to people if you have extra disposable income, you should keep buying every month no matter what happens in the news.
You will need a decent diversified portfolio that consist of stocks or mutal fund, or etfs that you understand. You have to ask your self, can the world survive without banks? without real estates? without energy? without some basic consumer goods? You can slowly in a discipline way to buy the funds in these categories at current depressed level.
If the stock market continue to go down, you keep buying. If the stock market start to recover when the economy recover, you also keep buying. This is how you build wealth. Warren buffet is right. America's best year will be ahead o fus. there will always be a next bull market because the stock market mimics the world development. As the world progresses to the next stage, so does the stock market. Betting against the stock market in the long run is the same as betting against the entire world. In the history of our society, we always improve and progress.
I would love to hear you feedback because with our discussion more people with less knowledge in investing can learn this basic concept.
1 person likes this
1 response
@magtibaygom (4858)
• Philippines
20 Apr 10
Nice advice. Thanks. Value investing is the best way to accumulate wealth in the stock market like Warren Buffett. You can win in the stock market by investing as an owner, as an entrepreneur and not a gambler. Find good companies with sound business practice, and invest as an owner.