Dow plunges 679 for 6th triple-digit loss in a row
For those of you with liquid assets...
Wait another week or so, then invest heavily in U.S. markets.
Pick companies that make real stuff (NOT financials!!! Who can say what they'll be doing anytime soon???).
The market recovered after 1929 - it'll do so again.
The bottom can't be too far away.
Another week or so of triple-digit losses outta chase out the lemmings.
[Well... maybe I should re-think those statements. Who knows where the bottom is??? If I knew, I wouldn't tell you!!! ... BUT - even if triple-digit losses continue for another week, and you buy, and then triple-digit losses continue for ANOTHER week... well - this can't go on forever!!! In a month - after the election - folks'll probably have come to their senses... and if not, you'll not be the only broke folks on your block!]
Buy low, sell high. This advice is focused on the "buy low" timing.
Have a nice day.
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General Motors is under $5 a share. A thousand dollars could buy you 200 shares. That's really not a lot of money to get that many shares of the largest automaker in the U.S.
ReplyDeleteWhy it's a good investment? 1. The gov. won't let it go bankrupt 2. If they do another company will buy it up and your stock will be converted.