Comments on: Guest Post: The 3 Most Important Things to Remember When Investing

By: miranda

miranda — Tue, 20 Jan 2009 13:12:11 +0000

Of course there is uncertainty. Every investment carries risk. And personally, I don’t think that next year is going to be much better — but naturally I could be wrong. It’s impossible to truly predict the market. But I take the long view — 10 years or so. Which mean that if I buy now, while the bargains are good (and assuming I choose fundamentally sound companies that recover) in 7-10 years, it will most likely be a good time to sell. Maybe even sooner. Like Miki, I’d pick a target and sell when it hit that. Of course, one also should pick a target for selling a loss, just in case one has chosen the wrong stock. Since it is always possible to be wrong when investing.

By: whaong

whaong — Tue, 20 Jan 2009 03:01:04 +0000

If you have motto : “buy low, sell high”, now is the perfect time, but how about uncertainty?
Have you good analysis that next year will be better?

By: Ideas on Successful Investing - Money & Investing - Banks.com

Ideas on Successful Investing - Money & Investing - Banks.com — Mon, 19 Jan 2009 21:21:54 +0000

[...] disclosure: This is my personal finance blog. However, I didn’t write this post. This is a guest post from Wade Slome, who has some great advice on investing. His 3 most important things to remember when you are [...]

By: Miki

Miki — Mon, 19 Jan 2009 20:47:10 +0000

Right. Long-term commitment—the very skill that’s in such short supply.

By: miranda

miranda — Mon, 19 Jan 2009 20:21:11 +0000

Great point, Miki! I like the idea of sticking to a target. Disciplined investing is a good way to find better success — but it means developing a plan and sticking with it.

By: Miki

Miki — Mon, 19 Jan 2009 18:59:05 +0000

The market may be low, but nothing I’ve read says that it’s hit bottom.

Another point that helps stabilize your returns if you buy to sell when it goes up (as opposed to holding it for the long term a la Buffett) is to set a target price and then sell when it’s met. It takes discipline and occasionally you may miss additional run up, but you’re less likely to lose in the long term. At the very least, sell enough to take out your original investment.

By: miranda

miranda — Mon, 19 Jan 2009 14:19:23 +0000

Thanks for stopping by, B! It is a good time to get in. Never has “buy low, sell high” been so applicable. The stock market is low, so now is the time to buy. Carefully chosen stocks, of course!

By: B Simple

B Simple — Mon, 19 Jan 2009 13:58:01 +0000

This post was very on target and perfectly timed. Now is the time to take advantage of current investment environment so you can better position yourself for the future. By acting proactively you will better yourself in the long-run. So reevaluate your risk tolerance, asset allocation, and time horizon now not when the market is going up.