Now is the time to invest in the market.
Saturday, November 1st, 2008
I’ve Been away for a while and I apologize. I’ve been swamped with different projects and things. I’ve been paying really close attention to the market lately because of it’s downward spiral. It’s actually a good thing it’s like this.
Think of it this way… There’s a big sale at the moment. Instead of commodities such as clothes and other goods… It’s stocks and mutual funds.
To put things into perspective… I’ve lost 40+% from my 401k & IRA as well as other investment options. It’s horrible news for the short term but GREAT news for the long run. Not only am I will I get that 40% back down the road but with the prices I’m currently buying in at I’ll be gaining 40% on those purchases.
I’ve taken out $25000 recently and $20000 of it is going on long term investing. I’ve been really paying attention to the ticker (OIL). It’s currently REALLY low and bound to rebound once the summer rolls around for you short term investor’s.
Also at this time the ticker (FNARX) is a mutual fund I use in my Roth IRA investments and it’s bound to make a huge comeback long term as the world grows more dependent on natural resources.
Of course, I’m not a professional and you should always seek the help of one when thinking about investing. At the same time, I’m just informing you of what I’m going to jump in really soon.
I’ll keep you posted. I think I’m going to jump in on another one of these days when the market takes a huge dive Hopefully really soon. I have to admit it’s scary timing the market but considering we’re in our lower 30’s we have a lot of time to play around.
Til next time…
