Cure Money Madness : We all love a bargain.
Posted on October 22nd, 2008 in Investing, Tips
Each day we read about what our economic leaders are doing to repair the economy. We read about the candidates’ economic plans and how they differ. But as investors these are not the people to watch. Sure, Bernanke and Paulson have made their share of right moves and wrong moves over the last few weeks. There are reasons as citizens we should be informed about what the candidates are saying about the economy. But as investors, we must not wait for the economy to rebound before buying low right now. The economy will likely take time to recover, but markets always rebound before the economy does.
It always puzzles me that most people can appreciate a good bargain—except when it comes to stocks. When ladders and light bulbs go on sale at Home Depot, people buy. When stocks are on deep discount, people run for the hills.
Be consistent. We all love a bargain. So take that wad of cash out from under your mattress and invest in your future.
Some other bloggers thoughts on the buy low / sell high concept :
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“Buy low, sell high” (Wall Street proverb) – “Buy low and sell high” is a sure way to make money. The exact origin of the saying is unknown, but the concept is simple enough. The “buy low” (or, “buy at a low price”) and “sell high” (or, “sell at a high price”) phrases are both … Buy Low, Renovate, Then Sell High Later | Spilt Soda – These days, with the market being in recession, are the perfect buying days for the potential investor. Whether it is homes or stocks and bonds, they … Buy Low, Sell High: How Low Can The Dow Go? – The adage is to buy low and sell high. Americans, and world denizens, have been buying high from the stock market for more than a decade. The stock market was driven up to historic highs, and generally peaked at a Dow Jones 14903 on … |
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