Is it a right time to enter the market for investments? Has the stock market bottomed yet?
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Originally posted by Big Bucks View PostIs it a right time to enter the market for investments? Has the stock market bottomed yet?Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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Originally posted by Big Bucks View Posthey people, thanks for your reply..
i am planning to invest in GE...what you guys think? any wise suggestions about other investments are welcomed..
My investment knowledge isn't the greatest but unless you have a lot of money and are very knowledgable about the market I'd be careful about investing a lot into a single company, even if it is G.E.. The other "G"...G.M. is a great example,among many, why this is true. Mutual funds are a much safer bet especially for the long haul.
As for a bottom, that depends on so many factors that haven't neccesarily even been revealed yet, that it's impossible to say with any certainty at all. The bigshots on Wall Street can't do it because they have no clue what next weeks, next month's, or next years news will be on any number of factors in this equation.
Hope that helps."Those who can't remember the past are condemmed to repeat it".- George Santayana.
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Originally posted by Big Bucks View Posthey people, thanks for your reply..
i am planning to invest in GE...what you guys think? any wise suggestions about other investments are welcomed..
My crazy stock-trading uncle recommended GE. It's better than other recommendations in the past, but... because I can't valuate it competently, I've stayed away from it. I don't know if my father has though.
Seriously, the best way to start out investing is with mutual funds, especially index funds. In fact, you can invest in nothing but mutual funds and do perfectly fine.
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Index base funds
If you're unsure about how to invest your savings, than it's time to get educated. Go to Morningstar.com and you can start learning about stocks, mutual funds, and how to invest.
If you don't get anywhere, than it's time to invest in low cost, index-based funds that reflect the market. Over time they perform well(historically).
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