The plan should be to wait for the market to bottom out and then buy.
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In the not-too-distant future it will be a good time to buy stocks.
The stock market is basically a mechanism for shifting wealth from inpatient people to patient people.
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That’s right. Timing is everything. If the business cycle is any indicator of what the future holds. A lot of good stocks will be ripe for the picking.
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And I have quite a chunk of cash to invest too. And the majority of my funds are either in CD’s or are conservatively invested. God has blessed me so.
I would invest in a non managed mutual fund with low fees, or an ETF. Something that models the s&p 500 and I would put my money in monthly. I would keep it in till I retire. That’s the best way/easiest way to become a millionaire.
Another method would be a diversified portfolio of stocks and bonds. I took an investment class several years ago.
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