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Am I nuts or are financials way oversold? |
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Sasha S | Is now a good time to buy shares? |
hey, i want to invest my savings somehow but im pretty sure now isn't a good time to do so, well that's what my dad says. However, i would have thought that now would be a good time to buy as things are cheap, dad says i should wait until things begin to steadily increase and then get in early.
Honestly, i have no idea at all. I mean, would it be stupid to invest money which i can only get when im 18 (which is in a years time) and risk losing it?
thanks |
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muncie birder
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If this is a replay of 29 and it is looking more and more like it is, then the blood bath will continue for another year anyway maybe longer this time since the government is trying their hardest to make the dollar worth zip. Take a look at Zimbabwe as an example of what things might be like by the time Obama leaves office. |
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Suodeth
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Yes and no, im investing my monies too.
I say yes because shares are dirt cheap.
I say no because you can buy shares and then the company can go bankrupt next week.
2 suggestions: invest in things you know WONT go bankrupt, well known banks and stuff. Now is not the time to take risks.
or just wait. |
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gnet_162000
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Right now, it is a bear market. The safest and best in my opinion, is a short term CD, which will earn you money, though very little. However, in comparison to investing in the market, simply to not lose money is a gain. Ideally, the time to buy is when the market or stock is at the bottom. The trick is, is knowing when it hits bottom. Who knows? Only corporate. So the better option is to buy when the market is gaining, and I mean a substantial steady gain. You buy on the rise, and sell on the fall, this is considered the safer way.
Basically, the flaw in stocks is you are investing everything, only to make a small percentage.
Even the reporters that watch the market daily, and for hours at a time, like the ones at CNBC, will tell you that they haven't a clue what the market will do day to day, month to month, or even year to year in these times. Anyone that tells you otherwise is merely guessing.
A good way to make a more stable return is to invest in a company that pays dividends. Find one that has a pretty steady daily value, and will pay out about 5% APR. One good company is Duke energy. This company is pretty stable and pays good dividends every year.
I would not base my decesion on anything found here on Y!A, and would be very careful with money. Once you lose it, it's not coming back. |
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Hugh K
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Do your homework. If you have to ask then don't do it. |
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Robert M
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No, your time frame is too short, with a one year time frame the best you could "invest" in would be a CD |
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4rgum3nt
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When buying shares, you need to investigate the company you are buying shares in.
Obviously there is at the moment a high likely hood some big companies, like Banks, Insurance, Auto, Manufacturing, Textile and even Mining is at the moment shaky.
When you buy shares, you are really gambling.
If the company collapses, that a lot of companies if they do not get government bail-outs will most likely do, then the share holders are left with nothing as the companies assets will be sold to repay liquidators, debtors, employees, and then if there are no other costs the share holders (maybe 1 cent for every 100 shares if lucky). Some financial instruments can also get you into further debt in bad situations.
But if you find a company that looks like it is going strong, paying good dived ends and you feel comfortable just making profit from that. Sure buy shares.
But right now, you need to be buying shares for the long term. Not to sell on at a higher price in a few years time. |
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Matthew Y
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dont invest all if ur in a hurry,
inspired by the idiom
''dont put all your eggs in one basket''
but i dont think the prices will go up yet due to the financial tsunami |
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Jaz B
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Since the economy is sort of crazy right now, I would always go for things we NEED, not like McDonalds but electrical companies, since were all going to need them. |
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armaniandrew
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Now's the PERFECT TIME! You may think I am crazy, but think about it. If you buy like a $2 or $10 stock now, and the market gets better, over time you will be able to see profit. Your shares and stock will be worth so much, and if you invested now and the market got worse, your only loosing maybe $10. |
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