It’s a buying opportunity!

October 13th, 2008 | No Comments | Posted in Investment, Life Impact, Savings

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We all know one way to make money in the stock market is to buy low and sell high. Over the last several weeks we have been seeing the exact opposite of this philosophy because of fear. Fear, I think, that has been somewhat inflated thanks to the 24 hour news cycle that we now live in. Today’s market results show that even when things are looking gloomy there are reasons to feel optimistic. The Dow Jones finished up today over 900 points. If you had sold everything in your account yesterday, you would have lost today’s 11% upswing. The moral of this story? Remain calm. We wrote about this a few days ago, and today I came across this article that brings more sanity to the situation.

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Tags: Investment, Stock Market

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This entry was posted on Monday, October 13th, 2008 at 3:44 pm and is filed under Investment, Life Impact, Savings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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