Originally Posted by ZAHANMA
That is a great quote....
I am lucky to be investing so heavily at this point. While some may not see it as a good idea, I do. Right now I am not investing in the money. I am investing in the shares of stock. With the world markets so low right now you can get "more bang for your buck". This is allowing me to get more of a foothold in the door and set myself up for much better financial gain. At this point is doesn't look great, but once the life preserver that is our economy starts floating again the world markets will receover accordingly.
Zahnma and Inferno are right. This is a good time to invest. The Dow is down 25% from three weeks ago. Your dollar is still the same. There are undervalued stocks everywhere.
I have never had more than a 401 until recently. Kinda glad I didn't have a lot in the market when it tanked. That said, I'm in now
I bought stock 4 weeks ago, at what was then a bargain, which I could by today for less than half what I paid. Instead of dumping and running, I'm buying more.
Long term, the market has always improved. Some stocks may never come back, so don't concentrate on a few hopefuls. Spread your purchases around, some industrials, some banking, some techs and one or two "hail Mary's"
So long as your kids don't starve, if you can weather it out, the stocks will overperform any money stuffed in your mattress. Again, this is a roller coaster ride. The worst thing you can do is jump off.
roadster with a stick