Eagles20 asked:
Is it a good idea to invest in the stock market today, even in this struggling economy? I know stocks are at very low prices, but have any of you had success investing? Do you really believe that you will make money in the long term, even though the economy is projected to get worse?
Dana
Is it a good idea to invest in the stock market today, even in this struggling economy? I know stocks are at very low prices, but have any of you had success investing? Do you really believe that you will make money in the long term, even though the economy is projected to get worse?
Dana
{ 5 comments }
The short answer is yes.
The long answer is there’s no guarantee that the market will recover — i.e., Japan — the U.S. market has recovered from a dozen of recessions and Bear Markets before this one and I think we will do it again.
Look at a long term chart, like 20 years and then you can decide.
You need to define your time frames. From these levels I think that it will be very profitable to buy now looking back 3 years from now. But you could lose money over the next year.
Nobody is sure when this will end and things will improve. But the upside potential is big when it does recover for the patient investor.
To invest like that you need to not worry about the daily, weekly, monthly moves of the market and change your focus top longer.
Good Luck.
If you can wait 10 years or more the Market should treat you nicely.
What goes up must come down, so for that to be possible down must in-turn go back up. Choose established companies that have done well in the past.
I’m experienced enough to make money in any market. Long term short term doesn’t matter. So, yes make an investment plan that is reasonable and stick to it through thick and thin. Everybody but me seems to be complaining about this market, seems pretty normal to me.
Kevin R is dead on. Many, many people will lose when they invest in the current market. Experience allows you to make money in any market environment.
This market is not one to get experience in because you will pay for the experience with the cash you fund your account with. But if you still won’t listen then listen to this advice…
1. paper trade…paper trade…paper trade
2. when you do trade, go for singles…small profits.