I max out my RRSP contributions every year, and have done so for the 2008 tax year. I'm looking ahead to 2009 - Initially, I was going to buy my RRSP next May for the 2009 tax year after I get my refund. However, with the markets being down so much at the present time, I was thinking of buying more units now and holding them in my non-registered account to take advantage of the drop in value and then registering them next year. I know it's a gamble, since my advisor said no one knows where the bottom is. Should I wait until next spring and re-assess the situation at that point, or buy now and take my chances??
When Is A Good Time To Buy - Best Guess??
- Thread starter drlove
- Start date
Never try to time the market. This mess is not over yet and it could get worse...or better. Nobody knows. The psychology of the market right now is extremely fragile and it'd only take a minor event to shatter confidence.
The best thing to do is to take little bites at set (weekly or monthly) intervals.
The best thing to do is to take little bites at set (weekly or monthly) intervals.
Just contribute to your RRSP and park the cash. A self directed RRSP is a good thing to setup if you don't already have it setup. Can just keep the cash safe for now in GIC or money market within the RRSP.
Ditto!Radio_Shack said:Just contribute to your RRSP and park the cash. A self directed RRSP is a good thing to setup if you don't already have it setup. Can just keep the cash safe for now in GIC or money market within the RRSP.
Cash is King in this market, I expect to see many stock to go to zero...
The VIX ( http://en.wikipedia.org/wiki/VIX ) is at a record levels these days, which is not good for the general market.
As been mentioned, hard to time the market. Rally happens in days or day while slump can be matter of an hour. Buy/sell in chucks may not be bad idea.
look at this chart first.
http://www.stockmarkettiming.com/nikkei-comparison.html
http://finance.google.com/finance?q=INDEXNIKKEI:.N225
we are about 1989 on it. do you see any returns after that point?
that was the Japanese credit crunch and banking crisis. their demographics are about 18 years older than in the US. it looks like something somewhat similar and yet different is happening here.
however, Japan is looking good for the future. i put in a limit price order on EWJ at $8.11 that hasn't been fulfilled yet.
http://www.stockmarkettiming.com/nikkei-comparison.html
http://finance.google.com/finance?q=INDEXNIKKEI:.N225
we are about 1989 on it. do you see any returns after that point?
that was the Japanese credit crunch and banking crisis. their demographics are about 18 years older than in the US. it looks like something somewhat similar and yet different is happening here.
however, Japan is looking good for the future. i put in a limit price order on EWJ at $8.11 that hasn't been fulfilled yet.
then why the hell aren't you shorting instead of being a cash is king dork?RogerRabbit said:Cash is King in this market, I expect to see many stock to go to zero...
your views are polar opposite. that don't make sense to go into cash if you see opportunity in movement.
Good advice
As my fund manager said many years ago "I dont buy the market, I buy stocks".
Are you thinking of a 5 year+ time horizon for your investments? Then it is a great time to be buying junior Canadian (producing) natural gas stocks. Will some go lower? Maybe, but at current levels they are a steal. Hell, there is an oil sands Co (in planning stage) with A+ partners, 2.4 billion barrels of dirty sand, and its trading for CASH in the bank!
And of course buy gold bullion.
More to the point- buy WHAT?wetnose said:Never try to time the market. This mess is not over yet and it could get worse...or better. Nobody knows. The psychology of the market right now is extremely fragile and it'd only take a minor event to shatter confidence.
The best thing to do is to take little bites at set (weekly or monthly) intervals.
As my fund manager said many years ago "I dont buy the market, I buy stocks".
Are you thinking of a 5 year+ time horizon for your investments? Then it is a great time to be buying junior Canadian (producing) natural gas stocks. Will some go lower? Maybe, but at current levels they are a steal. Hell, there is an oil sands Co (in planning stage) with A+ partners, 2.4 billion barrels of dirty sand, and its trading for CASH in the bank!
And of course buy gold bullion.
