Bear Market -- When's a good time to buy and what?

[1952boyntoncollector]

Im waiting until the Dow is at about 20,000...then i think you are just shooting in a barrel if you are willing to wait a few years..versus getting a percent in a CD etc..

[Republicaninmass]

I'm waiting until 52t mantles are no longer called his rookie card and they go to 5k

[timzcardz]

Joshua,

I'll say the same thing that i tell my son who is a few years older than you, go with an index fund.

One of the best investments out there now that you're entering the work force . . . put enough in your 401k to maximize the employer match.

If you're looking to buy a stock low though, Enron is at an all time low!

With that said, asking relative strangers for financial advice is a questionable approach for success.

[1952boyntoncollector]

Originally Posted by timzcardz

Joshua,

I'll say the same thing that i tell my son who is a few years older than you, go with an index fund.

One of the best investments out there now that you're entering the work force . . . put enough in your 401k to maximize the employer match.

If you're looking to buy a stock low though, Enron is at an all time low!

With that said, asking relative strangers for financial advice is a questionable approach for success.

i once had a stranger tell me to buy a stock called google in 2004...should of listened to him....stock was at about 101 dollars.. i remember doing a buy order and cancelling it cause why listen to a stranger (full disclosure..stranger knew one of the founders)

[packs]

If you're starting a retirement fund it is best to buy index funds and sit on them forever. The biggest mistake you or anyone else can make is turning a retirement fund into a day trading account. The object of a retirement fund is to make as much money as you can over a long period of time with minimal risk, which of course can sometimes mean a smaller reward. But that should be the goal, really. You're making a 30 year investment and it's best to simply tune out the day to day of the market.

If you're looking to make some money, then it's going to be a bumpy ride. Start with blue chip stocks. Friday would have been a great time to buy Apple and Amazon. By now you've missed the boat. Though there should still be some room to grow on Apple. I've been making a nice return on it since I bought in at around $200 a share. Before the crash it was up over $320.

[earlywynnfan]

Sounds like we have some Bogleheads on the forum! YAY!!

[wazoo]

Originally Posted by packs

If you're starting a retirement fund it is best to buy index funds and sit on them forever. The biggest mistake you or anyone else can make is turning a retirement fund into a day trading account. The object of a retirement fund is to make as much money as you can over a long period of time with minimal risk, which of course can sometimes mean a smaller reward. But that should be the goal, really. You're making a 30 year investment and it's best to simply tune out the day to day of the market.

If you're looking to make some money, then it's going to be a bumpy ride. Start with blue chip stocks. Friday would have been a great time to buy Apple and Amazon. By now you've missed the boat. Though there should still be some room to grow on Apple. I've been making a nice return on it since I bought in at around $200 a share. Before the crash it was up over $320.

Ain't that the truth. Definitely trying to build the nest egg, but also a little "fun" never hurt...or did it. Blue chips are solid...guess I was a little too ambitious about wanting to catch the next Tesla or Amazon...

[earlywynnfan]

Originally Posted by wazoo

Ain't that the truth. Definitely trying to build the nest egg, but also a little "fun" never hurt...or did it. Blue chips are solid...guess I was a little too ambitious about wanting to catch the next Tesla or Amazon...

The problem is, are you "smart" enough to choose the next Apple over the next Enron?

[wazoo]

Originally Posted by timzcardz

Joshua,

I'll say the same thing that i tell my son who is a few years older than you, go with an index fund.

One of the best investments out there now that you're entering the work force . . . put enough in your 401k to maximize the employer match.

If you're looking to buy a stock low though, Enron is at an all time low!

With that said, asking relative strangers for financial advice is a questionable approach for success.

Totally understand. And yes, I'm entering the workforce coming June, with full intentions to maximize my return through profit-sharing and 401k match. No doubt.

My intentions may not have been as clear, but I kinda just wanted to pick some "stranger's" brains. I may have missed the Apple train, but who knows what's next.

And that's why I added that I will do my own due diligence. Not trying to make any blind investments in the foreseeable future.