Do you think its the right time to buy stocks?

@tutul0045 (2630)
India
October 13, 2008 9:34am CST
Hi friends, As we all know stock markets are not doing so well these days, almost every stock got cheaper and lost its value. Me and one of my friend was having a discussion about buying stocks this time. I means it makes sense in buying things when they are available at cheap rates and then later sell it when the market gets better! Indian market is currently in 11,329 points BSE and 3490 points NSE. Its a hude dip downwards considering that it was in 21,000 something in the month of January this year! Well any suggestion is welcome and would like to have a global view on this topic. Cheers, Tutul
3 people like this
21 responses
@dandan07 (1906)
• China
13 Oct 08
My mother talked with me on the topic this afternoon. The stock is cheap now, so many people think it is the very chance to buy some, hoding them and waiting. There must be someday in the future, you can earn a lot from them. While I do not think so. Now the world economic situation is not good, someone think worse than that in 1929. I think now there is great chance for many companies breakrupt. So if you buy the stock at now, maybe in the future you can get nothing. I think the best way us to to buy some gold or diamond. They are easy to keep, while can keep the value better than the stock. Even the war start someday. You still can use them.
• Brisbane, Australia
13 Oct 08
I completely agree with you.
@spalladino (17891)
• United States
13 Oct 08
Now is a good time to buy but only if you're able to leave that money in the market for awhile. The stock market is going to continue to go up and down, but it will eventually recover and the stocks that you bought cheaply will grow at a steady rate. The key is to be able to hang in there because, from what I've heard, the market has not hit rock bottom yet.
@mlhuff12 (797)
• United States
22 Oct 08
I agree, now is a good time to start. I actually just started to invest in stocks. And I have lost money, because it has not yet reached the bottom yet. But I am investing long term. Perhaps 5, 10 or even more years. But my main reason to do this was so that when I want to retire that I will have money to do so. I hear that there may not be social security by the time I retire, so I am looking towards this, ira's and 401ks. And I'm pretty sure that in 40 or 50 years the stock market will be better than now. But because it is hard times right now, I suggest only to invest what you can stand to lose.
@lingli_78 (12822)
• Australia
14 Oct 08
i don't understand anything about stock... so i never dare to take the risk and buy stocks because i am afraid that i will lose my money... i'm not a risk-taker and i don't have much extra money as well to invest in stocks... so i prefer to use my money for my daily everyday needs... take care and have a nice day...
• Canada
22 Oct 08
Anytime is the right time! You have to understand the stock market and have some insider tips. Visit http://stockpreacher.com
• India
14 Oct 08
You can invest in the companies who have been very very consistent in the past because even if their prices drop down ,they are BOUND to go up at some point !..a patient person can earn regardless of the market fluctuations. You cant lose !
• China
14 Oct 08
I think it's a good time to enter stock market and buy stocks .Although now stock market's circumstance is bad ,but it will be rised finally .This just the stock market's rule .And there are many countries finding ways to rescue the stock market
• Canada
13 Oct 08
Buying stocks that is real good, you are buying share in companies operations. But without preper knowledge playing in stock market can be real dangerous. I know Indian market is down so is markets all over world. Smart investor is one who take advantage of situation and play game at proper time. This is time to purchase good stocks which you dream of having and forget it for longer period.
@msmargo (361)
• United States
14 Oct 08
It is hard to know. I've dabble alittle bit in stokcks. I inherited a small non diversified portfolio. It was making alot of money until the market started to drop. I sold about 20% a week ago. I'm going to let the rest of it ride and hopefully it will come back. I don't need the $ within the next five years. It is my understating that this is the litmis test ... need the $ within in the next five years; get out. Don't need the $ within the next five years, let it ride. You hear people freaking and pulling all of their money out; then again you hear seasoned investors that say there are bargains to be had; some say, the market has further yet to fall, so wait before buying. I also know that you should study stocks if you want to own them. Cramer says you should spend one hour per stock owned per week. I am not prepared to buy now. First I haven't done my homework; second I don't have expendable income to buy right now.
@elmiko (6630)
• United States
13 Oct 08
Yeah I think it is. Stocks are very low right now and they will most definitly go up to their average prices and more and the future. When the economy is doing bad stock prices are lower and if you have the money its great to buy some stocks. These times are basicly the best times to buy stocks if you can afford it.
@Monkeyrose (2840)
• Canada
13 Oct 08
Yes it is definately a good time to buy stocks. Stocks are lower than ever! As long as you are in it for the long term. If you want to flip stocks shortly don't even bother. Make sure you invest wisely though. Invest in things that are going to be needed in the future. I'm not an expert by any means. Talk to a financial planner and see what works for you. However if you are in debt or are having trouble paying the bills then don't even bother..
• United States
13 Oct 08
Hi Tutul! I work for a financial investment firm and the stock market is my job. We have several very wealthy clients and they all have been very concerned about losing their money in the stock market, thus calling us for advice. Here's what we are telling them: If you are not retired or looking at retirement in the very near future - BUY, BUY, BUY!!!! the key is diversification, so don't sink all of your money into one stock, but among several different KINDS of stocks. Try to invest in an industry that is almost impossible to get away from, like a certain food or even something as simple as toilet paper. I know it sounds crazy, but if you think about it, it makes perfect sense. (Also, the more people that buy stocks now, the more the stock market will go UP). Now, if you are retired or nearing retirement, the tables turn a little. We are not giving the same advice to these clients. Their situation is different in that they are not working and are living off of the money they have invested, so they can't afford to lose near as much as those of us still in the workforce. We have been telling these clients that if they don't feel comfortable in their investments, so put some money in CD's, Roth IRAs, as well as letting some sit in a cash account (there is a cash account you can put the money you receive from selling your stocks that is similar to a savings account at a bank). There are also bonds you can invest in, where you will gain a little interest, but will not lose any money, like when you invest in stocks. The downfall to these alternative options is that you will not make very much profit like when the markets are up, but in the same token, you will not lose any either. Hope this was some help to ya!
• China
14 Oct 08
I think it is a good idea to buy stocks now if your aim is get a good back for a long time.But i don't think is can take back income in a short time.As the situation of the world,it can't be recovered in a while.It may take several years.
• United States
14 Oct 08
Well, yesterday would have been a great time to buy, but I'm a little leary to buy now. There are still a few money-makers out there. Citigroup, Ford, possibly gm and or Chrysler with a possible merger in the talks, GE looks solid, but if I absolutely had to buy today I'd go with something like Johnson & Johnson or maybe Kellogg. The market is too tough to figure out right now. With such huge gains in one day, you had better be careful what you get in to. Yesterday would have been great to jump in on a few deals cheap and ride them out, but today makes me leary!
• United States
13 Oct 08
I think if you afford to lose the money then go for it while things are down. It's like gambling in Vegas or AC, you only take with you what you are willing to lose. If the market comes back you can make money if you can leave it there long term. I too agree with others about investing in things we all can not live without. T paper if you think about it is something most of us can not live without. I invested in a bidet to cut down on paper products but that's just me being green. Good luck all
@eshaan (6188)
• India
13 Oct 08
I am not into stocks but i am workingin commodities, and i dont work for longer duration , i believe that the trading is very risky business and anything can happen anytime and many times it happens that exactly opposite happens of what u think. So i go for day trading,profits are small and so are losses...Happy earnig !!!
@anetteh (3590)
• Sweden
13 Oct 08
Well, if you are willing to take the risk, yes I guess it is the right time to by stocks. At least if you are thinkin in long terms. I would not yet put my money in the car industry util they have gone out of trouble. I belive they have try to get cars who will run with electricity instead of petrol. If they do get a car like that I am certain of a god stock market for the cars, but not at the time as things are the way they are. I would not take the risk with my money, but those who like it perhaps will make a few dollers or cents.....It does not feel right at the moment...but If you are, god luck.
• France
13 Oct 08
If everyone thinks stock is cheap and it's a good chance to buy, maybe it's a pitfall. If you'd like to do a short term invest, maybe you can have a try. If not,i guess it's better to wait for a moment.
@dawnald (85130)
• Shingle Springs, California
13 Oct 08
It makes sense as long as you can afford to hang on to them for as long as it takes for them to go up. Just don't put any money that you're going to need short term into stocks right now because who knows when the market will turn around!
• India
13 Oct 08
I do think that less the value of share better we can grab an opportunity when it raises we can earn from those by selling them.I prefer to contact some share brokers and wanted to know in which i could invest so that i can earn in future.Share market will regain its pride soon.
• China
13 Oct 08
the world's finace now becoming so messive ,all the stock markets are deeply afected by the Amercan subcrime crisis,it's not a good time to but stocks,it's my suggestion that you can use your money to do some industry ,it's my personal suggestion !