I have some silver but I’m interested in buying some stocks and I am woefully ignorant. My son just stopped by and I asked him to ask his boss what would be best and he said it wasn’t time to buy in yet.
On that note, we grow food, it is worth more than silver and gold and our canner says product is flying out the door and they have 100% of this year’s crop contracted.
What food do you grow?
It’s hard to know what to do in the market now in this environment. IF you do buy, buy solid stocks like CATerpiller, ATT (T), Verizon (VZ), Utilities like AEP, blue chips that are going to make money even a down environment. But I can’t tell you when or how much to pay.
Verizon (VZ) and AT&T (T) - the last thing younger people will give up is their phones, both paying high dividends
You can buy Exxon Mobil, XOM, in the low 30s right now. Good dividend, the world isn’t going to stop using oil, and XOM is about as strong an oil company as you can find.
You buy today, and then buy some when the next drop hits, and then buy again when the next drop hits... Dollar-cost averaging!!