Quote:
Originally Posted by MJK
Back on the topic. Am I the only one who is actively buying stocks right now? Looking for solid companies who's stocks have dropped a ton and picking them up?
Who has been actively trading during this time?
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If you don't need this money for a few years it's not a bad strategy assuming the markets recover. To get back to the highs of a few years ago that could take years. Don't forget that Japan was in a similar situation back in the 1980's and didn't get any gains for 10 plus years. This could be a similar scenario.
Buy pieces over time doing dollar cost averaging and don't expect any profits in short term. It'll be tough to time a bottom so dollar cost averaging is your best bet. Also, tough to determine solid companies when typical recession proof companies are also in the gutter and large caps are now mid caps etc.