I'm new to MDP. Given the state of the stock market, Congress and the upcoming election, thoughts on investing now or sitting on the sidelines?Thanks.
Everyone knows we face some uncertainty in several regards. The fiscal cliff that we hope Congress resolves after the election. The election. The impact of developments in Europe, China, Japan, South America and elsewhere.Long term I just heard John Bogle say on CNBC the trend is upward. Short term it could be bumpy. The usual routine is that optimists will buy in in anticipation of better times, and then sell if they prove to be wrong.Total collapse of the stock market does not happen often. A 4% decline is a big deal. So if you are optimistic, its OK to invest now provided you keep an eye on things and sell promptly if the market turns against you.If you are pessimistic, its OK to wait until some of the unknowns fall into place. But then what do you do with your funds? Money markets and bonds pay so little. May as well chance it in equities.
Hi,Yes, But....There are actually quite a few cheap stocks out there at the moment. But do take note of the fact that tough times remain. See John Bogle's (Vanguard) recent public remarks on this as well as remarks by some other worthy notables.If I wasn't trying to raise a lot of cash for non-investment purposes I will be nibbling on some of my favs...At The Best,p
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