- Dec 24, 2000
Yes, any one knows to buy low sell high. But you also have to understand the risks ... Just because buy.com last 10 years was at 2-3 cents share, who knew if it was going to bounce back ? Hind site is always 20/20... Tho... I am sure the dow has a long way to go to the bottom... Will it ever get past the point of the 15-20% discount where it was today? Doubt full... I think when it tanks the days of getting back up to even todays market is unrealistic ... That is where the (RISK) comes in, you may have to sit on it for 10+ years... Who knows tho it could bounce back sooner then later. I have over 10K in China. Hell, where else ya gonna get 8X your spending power? I've already doubled my profits... I still think China is a way better risk...Originally posted by: blackangst1
I have a chunk in Latin America as well as the middle east (Dubai mostly) but last 6 weeks or so I have snatched up quite a few shares of dow jones stock...15-20% discount on fortune 500 companies is to good to pass up. Once again this bullshit of sell sell sell comes from the economic minds of children. You buy when the market is DOWN not up.Originally posted by: venkman
Everyone should make sure that a decent amount of their investments are diversified in foreign assets/money at this point.