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Time to Start Investing Again?
Posted on January 28, 2008 at 11:55 am
Filed Under Financial Markets, Financial Planning, Investment Planning
Warren Buffet has been quoted saying “if you are a buyer of equities, why would you actually want the market to go up?”
In other words, this may just be a perfect buying opportunity for those of us with cash in our pocket. A recent article at www.financialpost.com written by Peter Hodson says “So if you actually have any excess cash to invest, then you are better off buying in a down market like this.”
Your Take-Away: The markets have been all over the map, but most would agree that we are currently experiencing a down or bear market. If that is the case, that means that the funds or large cap stocks we normally look too are now on sale which provides a majority of seasoned investors with a great opportunity. Taking advantage of “Dollar Cost Averaging” (buying in small increments over an extended period of time) is no question a great strategy and can prove to provide those who make that decision with a very strong position over the course of the next couple of years.
Don’t forget that the largest market plunge post World War II happened on Oct. 19, 1987. This drop in the market that we are all familiar with did not trigger a recession, yet investors recouped most of their losses within a year. Perspective in the end, is everything.
Until next time, have a Magnificent Monday!
Chris
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