Buy, Buy, Buy!
Posted by Gabe Graumann on October 15, 2008
During the past few months we’ve witnessed quite a stir in the financial markets. Company’s flounderingin debt are beginning (or already have) to sink. Company’s with substantial cash positions buying up under-performing ones at bargain prices. The stock market bouncing up and down like a dingy in a hurricane. Which ever way to look at the financial marketplace, times are certainly uncertain. That’s why today is a great day to invest.
True investing is placing your money somewhere that isn’t going to be touched for at least five years. This will allow it to grow through seasons of ups and downs. When we find ourselves in a season such as this, where everything seems to be hitting 52-week lows or underperforming, we should be looking for every spare peny we can muster and get it invested. It’s kind of like shopping the day after Christmas. There’s this huge balloon of shopping that goes on for about 6-weeks and then all of sudden, it pops. It’s over. The shopping rush is over and every store wants to clear out their remaining inventory. Prices are slashed 70% to 80% off the retail price and deals are sitting on every shelf. If you’re smart (and don’t mind waiting to open presents for an extra day), you’d hold onto all your cash until December 26th and then buy, buy, buy!
That’s the kind of market we are in. For those with cash it’s time to buy, buy, buy! There are great deals everywhere just waiting to be had. It’s a rare time in history (only 4 or 5 times in the last century) that the market has offered so many good funds and company’s at such attractive prices. Don’t get stuck looking backward in a few years when prices have rebounded only to say “I wish I would’ve invested more”, because by then it will be too late to capitalize on the deals that are currently abounding.
