And unlike equities, those good stuff are high maintenance and depreciate over time.
Just curious
- Thread starter Cobster
- Start date
There is always a good market to be in somewhere. Just put your money there before the institutional money does.
The fact these things are coming to light is a good thing.
I think in that respect there is less to worry about than there ever was in the past.
Whether or not equities are "safe" investments...well, it is all about timing. Because no one can predict the future you can't really time things. But, as a generalization, you are better off to invest when the market is significantly below previous highs than when it is at new highs. And then don't panic sell. So far, and there is no guarantee it won't change, markets have always gone back up to previous highs at some later date, and then moved beyond (with the exception of the Japanese market which may never get back to levels it was in the 90's)
Starting to wonder if the NASDAQ will ever get back to 5,408 that it reached on March 10, 2000.
Dunno. It's like asking whether Nortel is able to come back from the dead...like GM for example.
The stock market is the safest place to be to protect your purchasing power in the long run. In the short to medium term it can be a crapshoot but for your ten year plus money you can invest in a diversified stock portfolio and capture the long term gains without having to concern yourself much with the short term noise that distracts too many people.
The market is always prone to periodic bouts of speculation and the boom and bust cycle. This not only doesn't matter in the long run but allows you to buy into the weak periods when the opportunity arises.
Your dad is probably fine and you might be better off on getting up to speed on your own investing so his success [or not] won't be what you have to depend on.
Good luck. D.
Personally, I like being in the stock market. Hold stocks, mutual funds, only one bond (i still got a relatively long time horizon), one bond based mutual fund, a few ETFs and dabble in some option trading in a small little investment account that I opend up a few months.
Like others have said, as long as you educate yourself about the investments you are considering and give some thought to your investment strategy and risk tolerance, you should be o.k. Otherwise, there are many professional money managers who can help with this sort of stuff too.
It's kinda fun and makes you feel in charge of your finances/future. Sure, there are gonna be periods when I would be better stashin the cash in GIC's but i still gotta a long enough time horizon so I'm not too worried about all that.
Kinda fun thinkin bout all the money I can spend on rippers and blow as I get older.
Like others have said, as long as you educate yourself about the investments you are considering and give some thought to your investment strategy and risk tolerance, you should be o.k. Otherwise, there are many professional money managers who can help with this sort of stuff too.
It's kinda fun and makes you feel in charge of your finances/future. Sure, there are gonna be periods when I would be better stashin the cash in GIC's but i still gotta a long enough time horizon so I'm not too worried about all that.
Kinda fun thinkin bout all the money I can spend on rippers and blow as I get older.
That can happen when the CDN/USD exchange ratio rises above 2:1.
It is not that I am super bullish on the loonie. But I believe hyperinflation in
USD is a real possibility.
