thanks for your input -- that's really funny, because i almost tagged this as "help me, evelyn cheng!"
i have a stock account with a meager but meaningful amount of money sitting there, not doing anything, not gaining or losing money, so i've been wondering whether now is the time to do something. i haven't really researched it yet -- it's been near the bottom of my to-do list, but now it's climbing up to the part of the to-do list where i might be ready to do.
and ur account sounds just like my mom's - haha she hasn't made much but hasn't lost much either (hopefully)
but now, is definitely the time to do something - to buy- but make good investments. good companies will do well in the long run - and if they're being hit because of the current environment but are doing better than their competitors, then when the market turns around, they'll start doing extremely well. if the companies are old - see how they did in the last recession (look at their price performance over 5 - 10 years in yahoo finance or something)
but stocks that shouldn't be cheap are - so buy it! haha just don't go overboard and risk ur entire life savings and take out a bunch of loans.
Then when you make a bit of money, reinvest it, and watch your portfolio grow =)
Oh and another thing, this is the worst time to invest in emerging markets - may want to wait a few months on that one
but basic rule of thumb: always invest in things you understand / know. if you're a tech geek buy tech stocks. into music and understand the entertainment industry? go for those.
i should prolly invest some money now too, but way too lazy to - haha. and my money's collecting absolutely no interest in the bank - mhh.
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i have a stock account with a meager but meaningful amount of money sitting there, not doing anything, not gaining or losing money, so i've been wondering whether now is the time to do something. i haven't really researched it yet -- it's been near the bottom of my to-do list, but now it's climbing up to the part of the to-do list where i might be ready to do.
Reply
and ur account sounds just like my mom's - haha she hasn't made much but hasn't lost much either (hopefully)
but now, is definitely the time to do something - to buy- but make good investments. good companies will do well in the long run - and if they're being hit because of the current environment but are doing better than their competitors, then when the market turns around, they'll start doing extremely well. if the companies are old - see how they did in the last recession (look at their price performance over 5 - 10 years in yahoo finance or something)
but stocks that shouldn't be cheap are - so buy it! haha just don't go overboard and risk ur entire life savings and take out a bunch of loans.
Then when you make a bit of money, reinvest it, and watch your portfolio grow =)
Reply
but basic rule of thumb: always invest in things you understand / know. if you're a tech geek buy tech stocks. into music and understand the entertainment industry? go for those.
i should prolly invest some money now too, but way too lazy to - haha. and my money's collecting absolutely no interest in the bank - mhh.
Reply
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