chris312
Distinguished
[citation][nom]Regected[/nom]The point is that new spending on entertainment has nearly stopped. That's no opinion; that is fact. Also, the best time to buy is after the market has hit rock bottom. Do you, in all of your financial wisdom, believe that the market will drop no lower? If so, I have some ocean from property to sell you in Nevada.[/citation]
I think you misunderstood me. I'm not saying that now is the time to BUY BUY BUY because I don't believe it's possible to win long-term by trying to 'play' the stock market. My point was that the author's false premise that it's somehow a WORSE time to make such an investment than it was during good times. The fact is that no one knows when the market will turn around. If you try to time your investments with the roller coaster ride of a market driven by emotion and fear, you'll get burned. I say, if you have the money, now's as good a time as any.
Also, I doubt your premise that the best time to buy intellectual property rights is right after the bottom. Perhaps stocks, but not intellectual property. Once the market's on its way up, who's gonna sell their goose now that it's laying golden eggs again? Right now there is a spirit of fear that has gripped the nation, and a wise investor can take advantage of eager sellers.
@jerreece Not to mention the fact that he wrote "those words of wisdom" without including a direct quote before. The whole thing is so unclear. It's like a six-year-old with an attention span of one second wrote it.
I think you misunderstood me. I'm not saying that now is the time to BUY BUY BUY because I don't believe it's possible to win long-term by trying to 'play' the stock market. My point was that the author's false premise that it's somehow a WORSE time to make such an investment than it was during good times. The fact is that no one knows when the market will turn around. If you try to time your investments with the roller coaster ride of a market driven by emotion and fear, you'll get burned. I say, if you have the money, now's as good a time as any.
Also, I doubt your premise that the best time to buy intellectual property rights is right after the bottom. Perhaps stocks, but not intellectual property. Once the market's on its way up, who's gonna sell their goose now that it's laying golden eggs again? Right now there is a spirit of fear that has gripped the nation, and a wise investor can take advantage of eager sellers.
@jerreece Not to mention the fact that he wrote "those words of wisdom" without including a direct quote before. The whole thing is so unclear. It's like a six-year-old with an attention span of one second wrote it.