All stocks are at top.we are seeing price first time..... example... xom 83, ibm 105, .GE 40. should we buy stock?? would it beneficial in future????????
what you think... ?? Will xom reach 100 or 50 after 1-2 years..
Which sector beneficial in future????????
2007-06-20 13:56:18 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Watch and wait. Read a few books this summer. It's due for more of a correction.
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2007-06-20 14:12:58 · answer #1 · answered by SWH 6 · 1⤊ 0⤋
The first thing you have to remember is that it's always profitable to invest for the future; you'd be surprised how many millionaires were created during the great depression because stocks were so low you could buy massive amounts of major companies.
Do NOT look at the bottom line or financial statistics; those things don't drive the market: PEOPLE do. Study psychology and see how people react during certain historical trends and you'll always be able to make money in the stock market.
If the economy is slow people don't travel as much they rent more movies and spend more time at home so investing in video distributors and toilet paper makes sense.
When the economy is great people move all the time going for more jobs and investing in the auto and travel industries makes money.
Don't waste your time with all the so called experts looking at financial statistics; look at the people around you and ask yourself how are they going to respond if they can't do as much because the price of gas goes up. Then invest in things you know people will do in that situation.
2007-06-20 23:51:07 · answer #2 · answered by Robert B 2 · 0⤊ 0⤋
if anybody truly knew the answer to if its beneficial to invest right now then there wouldnt be 100 discussions about it on CNBC every day. if you dont like the stocks at new highs then go to a website like www.moneycentral.com
you can sift through stocks that fit your preferences like low PE and stuff like that. i like the energy sector, just my opinion.(were always going to need energy.)
2007-06-21 02:34:23 · answer #3 · answered by jsda_man 2 · 0⤊ 0⤋
There are always good stocks "on sale." If you perform proper research you can find stocks that are under valued.
The previous answer said there may be a correction, that also is good time to buy stocks "on sale."
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2007-06-20 22:03:42 · answer #4 · answered by Robert L 7 · 0⤊ 0⤋