If you are willing to wait several years, this is probably a good time to buy. You have to be willing to endure a year or two of perhaps going nowhere before seeing major improvements. Nevertheless, it's hard to say if you'll get a better opportunity.
Another risk is if you buy into a weak name in this space, the company could still go out of business in the next year or two. So you have to be very careful!
Audrey
I'm gonna stick with major names who got beaten down, such as Merrill or Wachovia.
I would recommend watching one of those Army "hygiene" films first.I never seriously played stock market before, this will be my first time.
If you are willing to wait several years, this is probably a good time to buy. You have to be willing to endure a year or two of perhaps going nowhere before seeing major improvements. Nevertheless, it's hard to say if you'll get a better opportunity.
Another risk is if you buy into a weak name in this space, the company could still go out of business in the next year or two. So you have to be very careful!
Audrey
It could be 2 to 3 years of rollercoaster or dead in the water assuming the companies stay in business. At least 5 years and better closer to 10 to see such a bet pay off. Long term = AT LEAST 5 years.yes I'm talking about long term investment, at least 2-3 years. I never seriously played stock market before, this will be my first time. I'm gonna stick with major names who got beaten down, such as Merrill or Wachovia.
more fun here:“Market is collapsing. No more $2k dinners at CRU!! The Financials are being invicerated! [sic]”
That cri-de-coeur, penned by a Merrill Lynch executive in an e-mail message last November, showed up in an 80-page lawsuit (PDF) filed on Thursday by the state of Massachusetts, which is suing Merrill for misleading investors about toxic auction-rate securities. (Cru is the West Village hot spot whose $78 prix-fixe includes braised Berkshire pork belly and foie gras terrine.)
I have some money sitting on the side. Household names, like Lehman or Merrill, are really cheap. So is financial sector bottomed out?
This is an oxymoron. You either "play" the stock market, which by definition is not serious, or you seriously study and research and manage stock and other suitable investments.yes I'm talking about long term investment, at least 2-3 years. I never seriously played stock market before, this will be my first time.
This is an oxymoron. You either "play" the stock market, which by definition is not serious, or you seriously study and research and manage stock and other suitable investments.
Occasionally a forum memeber will refer to "dabbling in individual stocks." Dabbling in stocks is like dabbling in mountain climbing. Usually it is not a very good idea.
ha
Dabbling in stocks is like dabbling in mountain climbing. Usually it is not a very good idea.
“Market is collapsing. No more $2k dinners at CRU!! The Financials are being invicerated! [sic]”
That cri-de-coeur, penned by a Merrill Lynch executive in an e-mail message last November, showed up in an 80-page lawsuit (PDF) filed on Thursday by the state of Massachusetts, which is suing Merrill for misleading investors about toxic auction-rate securities. (Cru is the West Village hot spot whose $78 prix-fixe includes braised Berkshire pork belly and foie gras terrine.)