Bear Market -- When's a good time to buy and what?

todeen · #1 03-01-2020, 08:40 PM

As for what to buy, in the last recession some of the best performing stocks were sin stocks. Cigarettes, alcohol, casinos, etc. The other choices are good because they will eventually turn around. But if you are looking for short term performance bad habits increase in a down economy. If the market becomes bear, or worse, keep that in mind.

Sent from my SAMSUNG-SM-G930A using Tapatalk

1952boyntoncollector · #2 03-01-2020, 10:50 PM

Im waiting until the Dow is at about 20,000...then i think you are just shooting in a barrel if you are willing to wait a few years..versus getting a percent in a CD etc..

Republicaninmass · #3 03-02-2020, 05:51 AM

I'm waiting until 52t mantles are no longer called his rookie card and they go to 5k

timzcardz · #4 03-02-2020, 01:11 PM

Joshua,

I'll say the same thing that i tell my son who is a few years older than you, go with an index fund.

One of the best investments out there now that you're entering the work force . . . put enough in your 401k to maximize the employer match.

If you're looking to buy a stock low though, Enron is at an all time low!

With that said, asking relative strangers for financial advice is a questionable approach for success.

1952boyntoncollector · #5 03-02-2020, 02:24 PM

Quote:

Originally Posted by timzcardz

Joshua,

I'll say the same thing that i tell my son who is a few years older than you, go with an index fund.

One of the best investments out there now that you're entering the work force . . . put enough in your 401k to maximize the employer match.

If you're looking to buy a stock low though, Enron is at an all time low!

With that said, asking relative strangers for financial advice is a questionable approach for success.

i once had a stranger tell me to buy a stock called google in 2004...should of listened to him....stock was at about 101 dollars.. i remember doing a buy order and cancelling it cause why listen to a stranger (full disclosure..stranger knew one of the founders)

packs · #6 03-02-2020, 03:48 PM

If you're starting a retirement fund it is best to buy index funds and sit on them forever. The biggest mistake you or anyone else can make is turning a retirement fund into a day trading account. The object of a retirement fund is to make as much money as you can over a long period of time with minimal risk, which of course can sometimes mean a smaller reward. But that should be the goal, really. You're making a 30 year investment and it's best to simply tune out the day to day of the market.

If you're looking to make some money, then it's going to be a bumpy ride. Start with blue chip stocks. Friday would have been a great time to buy Apple and Amazon. By now you've missed the boat. Though there should still be some room to grow on Apple. I've been making a nice return on it since I bought in at around $200 a share. Before the crash it was up over $320.

earlywynnfan · #7 03-02-2020, 04:25 PM

Sounds like we have some Bogleheads on the forum! YAY!!

wazoo · #8 03-02-2020, 09:50 PM

Quote:

Originally Posted by packs

If you're starting a retirement fund it is best to buy index funds and sit on them forever. The biggest mistake you or anyone else can make is turning a retirement fund into a day trading account. The object of a retirement fund is to make as much money as you can over a long period of time with minimal risk, which of course can sometimes mean a smaller reward. But that should be the goal, really. You're making a 30 year investment and it's best to simply tune out the day to day of the market.

If you're looking to make some money, then it's going to be a bumpy ride. Start with blue chip stocks. Friday would have been a great time to buy Apple and Amazon. By now you've missed the boat. Though there should still be some room to grow on Apple. I've been making a nice return on it since I bought in at around $200 a share. Before the crash it was up over $320.

Ain't that the truth. Definitely trying to build the nest egg, but also a little "fun" never hurt...or did it. Blue chips are solid...guess I was a little too ambitious about wanting to catch the next Tesla or Amazon...

wazoo · #9 03-02-2020, 09:46 PM

Quote:

Originally Posted by timzcardz

Joshua,

I'll say the same thing that i tell my son who is a few years older than you, go with an index fund.

One of the best investments out there now that you're entering the work force . . . put enough in your 401k to maximize the employer match.

If you're looking to buy a stock low though, Enron is at an all time low!

With that said, asking relative strangers for financial advice is a questionable approach for success.

Totally understand. And yes, I'm entering the workforce coming June, with full intentions to maximize my return through profit-sharing and 401k match. No doubt.

My intentions may not have been as clear, but I kinda just wanted to pick some "stranger's" brains. I may have missed the Apple train, but who knows what's next.

And that's why I added that I will do my own due diligence. Not trying to make any blind investments in the foreseeable future.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
FS: Over 130 T206 Raw First Time To Market - Group 1	btcarfagno	T206 cards B/S/T	1	05-26-2018 10:55 AM
FS: Over 130 T206 Raw First Time To Market - Group 2	btcarfagno	T206 cards B/S/T	1	05-26-2018 10:55 AM
for a good time......	conor912	Modern Baseball Cards Forum (1980-Present)	0	02-08-2014 12:30 AM
Any good Memorial Day Garage/Flea Market Finds ?	insidethewrapper	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	22	06-01-2010 01:01 PM
What is the good time to go National??	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	0	07-27-2005 10:11 AM