For those of you who have stocks...

[Tim Elston]

I am totally loving this stock market scare because I am buying, buying, buying. I actually feel bad when the market goes up because I want to buy at low prices for the next year or two. But every day that I hear the markets have gone up a lot, I come home and update my spreadsheet. The good news is that even on good market days, my totals are lower than when I last updated the spreadsheet because the markets have gone down so much in between.

I hope some of you who have a little extra cash that you don't need to spend in the next year or two are taking advantage of these low prices. Make sure you buy stocks of companies that remain strong in the downturn, even though their stock prices have gone down. For example, the best deal I'm in right now is PRXL, which was selling at about $54.00 at the beginning of the year but now is going for $7.77. It remains a strong company. Another one is DO, which was selling for above $150 and is now down to $71. The lower it goes in price, the higher it rates as a good buy. I'm buying up as much as I can of these two and a number of other stocks.

The children of this world are wiser than the children of light sometimes. Don't let it happen to you, if at all possible.

(I am not a broker or anything of the sort. If you want to buy stocks and don't have an account for that yet, I recommend one of the online trading systems, like TradeKing or ETrade. TradeKing is the cheapest and is what I use.)

[pastorables]

Tim,

You make some good points. I've always thought that stocks with relationship to military or medical might be some of the better investments? Any thoughts on that?

One of the biggest misses for me was Google. I had the opportunity to put a good chunk there in the early days when it was selling for a modest $60 or $70. Of course it skyrocketed in the coming years.

pa

[one love]

I have said over and over that if you have extra money place some in the market. people think I am crazy but what goes down will have to go back up.

I agree Tim

[RamboPreacher]

thinking of going public with my DOT-COM. anyone want in? ehheheheheeeee

yes, my money buys more stocks today than it did a short couple years back. wooho!!

[Dr. Ron]

Dave Ramsey said it was a good time to buy stock.....so I bought 4 cows last week......not bad.

I wouldn't know a savings account if it bit me....how could I have stocks....I am a pastor for pete's sake.

[free]

Dr. Ron...Surely a church your size is paying into some type of retirement program for you (at least matching you up to a certain dollar amount) like a 403b. If not, then you need to get them on board to help with your retirement!

[MacUser]

Tim,
Thanks for boosting our capitalistic economy! We can all be like Tim and just refuse to participate in this recession. I'm trying!

Now if we can get the Govt control out of the way...

[dbserv]

My stocks are ALL gone, as of this week.


Due to my job loss and going on disability for my back, we had to withdraw ALL of our retirement funds before we could get Medical assistance to pay for our bills.



However, Mutual of America had done a pretty good job of keeping us on the PLUS side. Of course, it all depends on which funds you choose to participate in.



Ya'll have fun buying cheap. And, make LOTS of $$ so you have to pay LOTS of taxes.


I'll have to let you support me (yeah, Dems) for now until I am able to work again.