Quote:
Originally Posted by loob job
So when do you think the right time to buy stocks would be, now? Everything seems really really low, can they go lower?
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I would agree with what Wookie said, depends on your situation. If you've got the money to toss in the market and let it sit there then it's not a bad time. Years from now you will get some return.
The best thing to do is to NOT try and time the market. Buy what you can every month with a long term view and you'll ride out the highs and lows. Also find someone who is good at managing your money or has a good company behind them with smart people who tell them what to do. Then just forget about it and let them give you yearly updates on where you're at compared to the average. If you're above the average, you're fine.
Unless you absolutely need to use the money in the short term then it's not worth worrying about these sorts of ups and downs. If you do need the money now you hopefully converted your portfolio to something less volatile.