Quote:
Originally Posted by nak
Now that the market is closed...
I just upped my steady stock buys. If you think that stocks will be worth something when this is over, buy them when they are cheap. If you think the markets will fall apart, that's a really bad idea. If you are seriously risk averse, don't buy stocks ever and content yourself with being poorer. If you don't have your financial house in order, you may not be poised to take advantage of the lows we have seen and will see.
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If you're smart, wait until the market averts a crash to begin buying for the long haul. The chances of collapse are too high. The list of companies, persons and countries that are near default is shocking. Play it safe. Don't gamble your money away.
I've only been buying US/UK equities and currency directly before major government intervention. Hold for a day or two then sell, go short or seek safe havens. The worst has yet to come.