Sure, long term investing will be a good thing to do as the economy turns around, but I think many stocks are a good deal now and worth at least a little investment (as long as Romney keeps his lead).
I guess that is why I ultimately posted this thread. I need to get as much information as I can before I make the jump.
I don’t have much. I am talking a bout under $80,000.00 total investments. I am in my mid 50’s and thus I have less then 20 years worth of time to actually make money. Much, much less if my spinal troubles get worse.
So while I was able to take $55,000.00 in 2008, and turn it into what I have now thanks to my gold investments the last few years, I need to be real sure about my next big financial move.
If, I find that Obama and Bernanke have been investing stimulus to prop up the market, then I will keep my money where it is. If not, then I will take a different approach.
I am not into this for an overnight enrichment, I am into this for my retirement. My home is paid for, and my expenses are very minimal. As long as I can keep making the money I am I will be fine for the foreseeable future. After retirement I could sell my home for well over $400,000.00 because I am in a very desirable area that has lost less then $20,000 in the market from “08”. So the sale will afford my wife and I to move to another part of the country and live in relative financial ease.
However, I need to be sure of my next move, and I will not make it until I am assured I know what is causing the market to move right now.
All that being said, one bad mover at my level, and I am looking at much less room to maneuver than I would like.