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Thread: Is this a good time to invest?
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Sat, Sep 20th, 2008, 05:25 PM #1
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Sat, Sep 20th, 2008, 06:59 PM #2Smart Canuck
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the glib answer is: it's ALWAYS a good time to invest. But you have to know what you are doing!
Here's an example: i'm playing in the National Post stock challenge. It started on Monday. Everyone had roughly $100,000 to start. Early in the week I was at $98,000 and Friday i HAD $109,000.
Conversely, someone else finished the week with over $350,000!! THEY know how to invest in a volatile time and I am certain they used a lot of 'fancy trading techniques'. (i.e. short selling)
The markets made a nice recovery Friday, but may see another downward correction on Monday.
In general, I would be looking to invest some available cash now, but not without the guidance of a professional.
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