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View Poll Results: Are you using the market downturn as an opportunity to buy stock?
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Yes
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13 |
59.09% |
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No
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9 |
40.91% |
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10-14-2008, 04:39 PM
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Location: Pinal County, Arizona
25,098 posts, read 37,917,102 times
Reputation: 4934
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I do
You?
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10-14-2008, 06:18 PM
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Location: Honolulu, HI
5,638 posts, read 6,207,216 times
Reputation: 7210
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Nope! And, I don't intend to for some time.
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10-16-2008, 08:21 AM
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Location: Houston, TX
17,030 posts, read 29,652,225 times
Reputation: 16244
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I have bought some but the market has gone much furthere south than I expected (I figured it would stop at 10000.). Holding off for a bit but I have a few stocks Im licking my chops at.
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10-16-2008, 08:36 AM
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Location: Raleigh, NC
9,055 posts, read 12,506,031 times
Reputation: 1396
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Not overpriced US stocks either paying lousy or no dividends, denominated in what will soon be rather worthless dollars (once the Fed monetizes the debt). But agreed that commodities have been oversold due to hedge funds getting margin calls and selling what they can.
Singapore, China, Swiss, CanRoys, etc.
J6P is going to get screwed twice. First by selling his gold and decent equities low, then by sitting on dollars that are going to lose value tremendously in the coming months/years.
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10-16-2008, 10:48 AM
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Location: Backwoods of Maine
7,430 posts, read 9,863,627 times
Reputation: 20971
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I wouldn't even test the waters until the Dow hits below 7,000.
It'll get there. Don't buy before the election, whatever you do!!! They are just holding this together with Elmer's glue till then!
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10-16-2008, 10:52 AM
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Location: Papillion
2,589 posts, read 10,153,565 times
Reputation: 913
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I have always been a big believer in dollar-cost-averaging and this downturn is a huge benefit to that method of investing (if in it for the long-turn)... I have continued to invest just as I did last year and the year before that..
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10-16-2008, 11:05 AM
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Location: Some place very cold
5,499 posts, read 21,789,126 times
Reputation: 4322
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Now is a time to preserve capital not invest crazily.
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10-16-2008, 11:50 AM
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Location: Londonderry, NH
41,478 posts, read 57,338,156 times
Reputation: 24830
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Some time next year I'll consider buying into selected energy and related funds. Until then I won't even bother checking. Knowing my paper losses would be depressing.
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