Prosper under a shaking economy?

[Salmon Runner]

Warren Buffet was quoted to say that “Be fearful when others are greedy, and be greedy when others are fearful” I guess this is a time when people are fearful so by being greedy, we should be able to gain when the economy turns around. I was thinking of starting my first stock portfolio. As long as I diversify my funds, I should be seeing the average 8% return in the next 20 years according to historical trends.

Thoughts?

[snafu]

I agree with you so long as you understand the risk factor. Many companies are rock solid but beaten down by the fear factor. In my mind, investing takes a 5-10 year committment. Those who contribute for a short time, get upset and drop out when the market takes a downturn are not investors...they would likely do better at their local casino.

No one cares about your money as much as you, this is a good time to sit outside, enjoy fresh air and read-up on basics.