I sold the bulk of my equity investments last year in anticipation of what's occurring now. It was only a matter of time until the subprime mess and high energy prices caught up with the markets.
I finally got off the sidelines and made my first investment (outside of my 401k) two weeks ago as it looks like a great investment and had been dropping pretty heavy. I got in after it went up over a dollar that day thinking it was turning around. Then it proceeded to drop about 18% until yesterday. It had a very good day today though. But that's OK, I'm in for the long haul, so I'll be in the green before long.
investing is a long term strategy and should be one of many other diversified choices for growth. A cycle is typically a 10 year window, and as such we have a long way to go but alot of people will make alot of money in this market with great values, and lowered price points. Dont watch daily ....or you'll get an ulcer !
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