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I’m buying at the mo, mainly looking at the banking sector. Risks are there, but those that make it through will come out stronger IMO.
historically the stock market has never lost money. We’re in bear market which started around June/July and typically last about a year to a year and a half. It’s hard to time the bottom. Although a lagging indicator the jobs report is good solid indicator. Companies forecast their sales to needs a quarter or two ahead of time and gear up.
With an aging baby boomer generation pharmaceuticals may be a good long term choice. automotive as well with the green movement, provided oil stays high.
for those with day/night jobs I’d max out any payroll contribution percentages to a 401k as those shares are cheap.
If I recall a 401k asset allocation is 100 minus your age, the remainder should be allocated into higher risks, the rest divided between cash and low risk such as bonds. Someone 40 should have 60% in high risk and the 40% in cash and low risk funds.
After a bear market comes a bull market (hopefully) and now is the time to start looking at company fundamentals for individual stocks. The dow, nasdaq and s&p have lost 25-30% so an index fund may be a good choice. Personally I’d wait until there are signs the economy is improving and buy an index fund.
Only sell if you’re 5 years from retirement and need the money. Having more than 5% in high risks 5 years from retirement is a stupid gamble anyway.
jmo
If I had a brokerage account I would be buying like crazy, good stocks at bargain prices. Unfortunately it’s going to take at least a month for me to open up a new account.
