theeohiostate Posted February 20, 2009 Share Posted February 20, 2009 I have an annuity that is maturing and would like to know some resident experts advice if I should put it into some stocks now. I realize picking a bottom to this market is impossible, but we have to be getting close and maybe another 10% drop would do it. Even if the stocks I purchase decline 10% near term, in the long run I feel it may be a good time to buy. Thoughts ? Quote Link to comment Share on other sites More sharing options...
MrTed46 Posted February 20, 2009 Share Posted February 20, 2009 I have an annuity that is maturing and would like to know some resident experts advice if I should put it into some stocks now. I realize picking a bottom to this market is impossible, but we have to be getting close and maybe another 10% drop would do it. Even if the stocks I purchase decline 10% near term, in the long run I feel it may be a good time to buy. Thoughts ? The bottom has not yet hit but there are some deals to be had. I personally think Oil is going to come up sooner or later. Steel companies is another industry to look at (maybe wait a little longer on this). Companies like JNJ always interest me (they are bulletproof). Also alcohol makers should start making more money as the economy turns. Just my thoughts and what I'm looking into. The bottom has not yet come though. Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted February 20, 2009 Share Posted February 20, 2009 there is another thread on 401K investing that mirrors your question....asking whether folks are still contributing to their 401Ks. there are many responses that would apply to your question about whether to invest in stocks, or other platforms. personally, I do think the market is near a bottom, and a short-term spike is likely. However, I feel that the market has permanently turned-off a large percentage of the investing community that made it a hotbed for the last 10 years. People lost a fortune, and many aren't likely to return. Due to this reduced activity, less of the "blood in the water" mentality, and a greater distrust of many key industries (banking, oil, etc.), I think significanty more modest gains should be expected. Buying now, and holding for 1-3 years, should ensure you catch the correction and lock-in some nice gains at exit. Long-term, I'd shift some of that principal and gains to a fixed-rate investment and lock-in a solid 4-5% return. Quote Link to comment Share on other sites More sharing options...
i_am_the_swammi Posted February 20, 2009 Share Posted February 20, 2009 The bottom has not yet come though. We are very very close...6800-7000, IMO, will be the bottom. Quote Link to comment Share on other sites More sharing options...
MrTed46 Posted February 20, 2009 Share Posted February 20, 2009 We are very very close...6800-7000, IMO, will be the bottom. I hope so! I think we are at the bottom of oil though. Quote Link to comment Share on other sites More sharing options...
TheShiznit Posted February 20, 2009 Share Posted February 20, 2009 I have an annuity that is maturing and would like to know some resident experts advice if I should put it into some stocks now. I realize picking a bottom to this market is impossible, but we have to be getting close and maybe another 10% drop would do it. Even if the stocks I purchase decline 10% near term, in the long run I feel it may be a good time to buy. Thoughts ? You could look at investing in indexes....because as the market comes back, indexes tend to move forward at a crazy pace....sometimes unwarranted. You can get some nice returns there for like 18 months and then do as you wish...just an idea. Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted February 20, 2009 Share Posted February 20, 2009 Companies like JNJ always interest me (they are bulletproof). +1. People always need toilet paper and toothpaste. When I do put some new money in the market (and I'm not planning on it for at least another 6 months), I'll be buying plenty of JNJ and PG. Quote Link to comment Share on other sites More sharing options...
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