Stocks are for the LONG term!
- Filed under: Retirement
- Date: May 12,2008
I was recently speaking with a co-worker and telling him that I have been making a killing in stocks since I jumped into the market in the beginning of January. All he could say is that the market hasn’t hit the bottom yet. My answer was, my portfolio says differently.
I am averaging a cool 10% gain since then till now. When good value stocks have no more to lose they become under valued and that is when you must grab them up. I bought a couple ETF stocks and a couple individual stocks. The funniest thing is that I am not even buying stocks that are risky. Take some time and sit down and truly research the market and hopefully you can make a cool 25% this year with ease.
The next thing is that when the value goes up in the next 1-2 years you will be thanking me greatly.
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