INVEST, Now is the Time.

INVEST, Now is the Time.

When talking about investing, especially in individual stocks, you might have heard the old saying “buy low, sell high”. However, what happens many times is investors get scared when the stock price drops well below what they purchased for and they end up selling for a small loss, when they should be buying more.

Right now is one of the best times to invest in years. After the terrorist attacks of 9/11 the DJIA (Dow Jones Industrial Average) took a huge dive and lost over 684 points on 9/17/2001 to close at 8,920. Almost 1 year ago 2/27/2007 the DJIA again took a rather large dive and lost 416 points, but closed at 12,216 over 3,200 points higher than it was in 2001. On October 9, 2007 the DJIA closed at 14,164. Why is this important?

The DJIA will eventually get back to 14,164 and surpass this number. The DIJA is composed of 30 of the largest and most widely held companies in the United States. It’s a pretty good indicator of how well the economy is doing, and right now as we all know it’s been better. So back to my original quote “buy low, sell high”. If you’ve been waiting to start a 401k plan, invest in stocks, open a mutual fund, start an IRA, or start investing now is the time!