Fireball Express wrote: PlayingWithFire wrote:
Fireball Express wrote:The news that my accounts were all up about 20% last year is short lived I guess. It's a good thing that I'm a conservative investor or I'd be freaking out right now.
Times like this there's only one thing to do; invest.
Might want to wait after the storm clears a bit? No?
Yes and no.
As a long term investor I can see such investments considered a bargain 5-10-15 years from now.
If I was looking to make a quick profit, which I'm not, I'd be worried that I'd lose in the short term.
If you noticed, the Dow has gained 100pts back since today's low. That's people trying to capitalize on today's downswing.
It all depend on whether or not you think it's a 1 day adjustment or it will last longer. In the last Chinese stock market crash. I've seen the tail end bounce back a little at the end of the first day too. Yet it keep falling for a bout a week before it started to recover.
As to stocks being a bargain 5-10-15 years ago, true. but most stocks will have gained quite a bit in 10 years due to inflation anyway. Either way, I think car companies like Ford would be great long term investment right now. But chances are their stock could fall about a dollar lower before the bounce back.