January 22, 2008

The Official Rocket Jones Guide to Survival During the Current Stock Market Troubles

Buy.

* Remember the old adage: buy low, sell high. Right now, prices are going down. You can afford more, and when the value increases, so will the return on your investments. And in the long run, the market always goes higher.

** I am not a professional financial analyst. I don't play one on TV. I didn't even sleep in a Holiday Inn last night.

Posted by: Ted at 05:45 AM | category: Square Pegs
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1 GAH! That sounds an awful lot like "well it's BOUND to go higher now" logic. Yes, the market swells. But individual issues are another story. The dramatic oversimplification of the approach that's served me so well over the last five years is: "Buy when it's going up then sell when it stops"

Posted by: Mad William Flint at January 22, 2008 09:24 AM (g/0ur)

2 My helpful tip is to have a portion of your portfolio short at all times because when prices are falling, you're making money. I can say this as a professional but not as someone who actually has money to invest. Which is why I'm perfectly calm today!

Posted by: dawn at January 22, 2008 09:48 AM (HT2EY)

3 I'm calm too, and I've got a bit in my 401k. That's for the long term, so I'm not going to fret over the cycles until I get close enough to tapping it to make it matter. I know people who check their 401k performance weekly. Those people are whack.

Posted by: Ted at January 22, 2008 11:04 AM (blNMI)

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