Quote:
Originally Posted by zigx
I feel like now is a great time to buy up.... i wish i had an extra 100k laying around to dump in and pull out 5 years from now..
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I'd say wait. I think things are going to go down further, so do most of the commentators. If you want to buy, you will be able to buy even cheaper later on.
However, as to investing in the long term, what if there is the crash so many people think will happen? If the companies you invest in go bust, your $100k will be wiped out totally.
Stock buying is a skill, you cannot safely jump on the bandwagon when you think you see an opportunity unless you already have years of practise in calmer times. Either get advice from a
GOOD broker, or give it a skip. It is not safe to swim with sharks if you are not trained at shark wrestling.