You are probably wrong for buying any stocks right now, because the odds are against you... in that a stock can do three things, go down, stay the same or go up. If it does the first two out of three, you lose. I don't think you would be happy to have your money not grow for several years, which is what has happened to many people who invested and then sat tight during the 1999 run up all thru the year 2000 decline.
So since two out of three are negatives, then as you see, the odds are against you. And if you think you can read the future, well look at what happened to all those people who KNEW there would be an election year rally. What a joke all that talk turned out to be. Experts can not tell the future any better than you or I. The future is best summed up by Gregory Corso's line " anything can happen and it quite often does."
For example, even though you have not heard it anywhere else yet, the future of this election mess could turn out to be military intervention. There is no way to know what will happen. Just because something has never happened before is no reason to think it will not happen now.
It seems like it would be a good idea to buy stocks which are below their cash value, but what if they use their cash faster than they can generate income, and sooner than later their value is NOT greater than their cash value....
What ever you think is the right thing to do is probably not the right thing to do, and probably neither is the opposite of what you are considering... the right thing to do is probably something totally outside of your scope of consideration.
For example, perhaps you should invest in a third world church project, cut your standard of living and develop a new profession which has always interested you.
Just a thought
Sober |
