Dreaming of the Big Bucks
October 7th 2008 00:21
Wow, what a drop in the stock market we’re seeing. For the first time in four years, we have dropped below 10,000. I remember the days when we hit 10,000 and we were hearing about the records being set. Now they are even saying that it could be another year before we see significant improvements in the economy.
I pulled my money back a few months ago and moved it into safer investments. Now I’m seeing this as being the perfect time to get back in. Sure it may go a little lower, but I’m thinking it will definitely go back up in the long term and I as a long term investor I have time to wait. Short term investors like my in-laws are sticking with their CD’s and that works too.
In this economy, you can’t expect to get rich like we did for so many years. However, the best advice you always hear is buy low and sell high. I consider this to be a good time to jump back in.
I pulled my money back a few months ago and moved it into safer investments. Now I’m seeing this as being the perfect time to get back in. Sure it may go a little lower, but I’m thinking it will definitely go back up in the long term and I as a long term investor I have time to wait. Short term investors like my in-laws are sticking with their CD’s and that works too.
In this economy, you can’t expect to get rich like we did for so many years. However, the best advice you always hear is buy low and sell high. I consider this to be a good time to jump back in.
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