Early this spring , the value of my stock started dropping , like a rock in the well . Now it appears to have started climbing , although there;s a long way to go before it levels out again .The surface of the well we=ater is still a long way up . But I wonder if this low is a time to buy ?
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6 comments
Feel free to reply to any comment by clicking the "Reply" button.I would get out of the market and put the money into a savings account so you do not have to pay taxes on it. Sorry< I know little of the stock market but we have one client who has taken a bath and seen his earnings go down a lot. I do know that you should be using a fiduciary as they have your concerns over theirs by law.
dalefvictor
Level 8
July 21, 2022
1
as a former investment advisor i recommended against individual stocks bc some go down & never recover. much safer to stick with mutual funds or ETFs.
callmedubious
Level 8
July 21, 2022
3
@Umbrella_Guard , how could MFs or ETFs which are comprised of stocks "crash harder than stocks"?
you should find a trustworthy advisor or just keep your money in a bank.
All of my money is in CDs and IRAs--too much to risk buying stocks as I need my money for retirement.
Gwendolyn2018
Level 8
July 20, 2022
2
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Posted by Cast1esReal estate can be a good way to invest , even if it's only the home you live in , but sometimes , there are unexpected costs .
Posted by Cast1esReal estate can be a good way to invest , even if it's only the home you live in , but sometimes , there are unexpected costs .
Posted by Cast1esReal estate can be a good way to invest , even if it's only the home you live in , but sometimes , there are unexpected costs .
Posted by Cast1esReal estate can be a good way to invest , even if it's only the home you live in , but sometimes , there are unexpected costs .
Posted by PinkyandtheBrainGood correction. I actually consulted with a lot of people.