Buy low, sell high
Posted December 1, 2008on:
With the official cash rate set to fall even further later this week, shares become relatively appealing when compared with other financial instruments, such as bonds and term deposits.
The old adage of ‘buy low, sell high’ seems fitting, given the battering shares the world over have taken in the past while. The NZX and Dow Jones industrial averages, for example, are both down around a quarter from their respective values six months ago.
But just when is the market ‘low’?
I don’t know! If I did, I’m sure I’d be a lot wealthier than I am. However, I thought it would be useful to write a blog entry to stimulate discussion and debate on what TVHE readers are picking for the sharemarket:
- Is now a good time to buy?
- What industries/companies would you consider investing it?
- What factors are influencing your decisions to invest, or not?
I look forward to hearing our readers’ views on the current state of the sharemarket.
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