So now that the bottom may have been reached...what stocks should we buy?

[wannabefree]

Quite awhile back we took our money from the stocks in our IRA and put it in cash reserves. So now we are thinking it is time to take it out of reserve and invest again....

Anyone have a quick tip for what's good now? What's Dave saying? I don't hear his radio or TV spots.

TIA

[melodyjg]

In my opinion....Its not over yet!!

[wannabefree]

Yeah, yesterday didn't look too good did it???

But for once I want to be in on the Buy Low Sell High deal....I always seem to do it the other way around. My first big investment in the stock market was October of 01 or whatever year that it tanked about 6 weeks after I invested the money from the sale of my house!

I'm trying to be smarter this time......

[Savndough]

I don't know what stocks are a good deal, but I do know we bought several. I remember Regions Bank, but I don't remember what the others were. (Dh takes care of this and just runs it by me.)

[sawlac]

I think we'd all like to know which stocks are a buy at this point, I know I would! IMO I don't think we've hit our low yet. IMO I don't think the market is going to settle down any until after the election & maybe not until well after that. Only time will tell.

[Mothernature]

This crisis will not be over for at least a few more years.

This is a great time to buy because the economy will upswing. If you time it right, you will make a killing.

A good strong stock is Prudential.

[Savndough]

One stock dh bought was Walgreens. I'm doing my part to keep the company going.

[Jenn8702]

What company names do you see everyday? These would be a good choice as they are well known. Figure out what you see, then look up and see how well the company has done. Minus the last month or so, as everyone has taken a hit. Cooper tires, Walmart, caterpillar, kraft foods, sunoco..... these are all easily well known companies, just need to see who seems to have a good chart of growth.

[MaryMary]

One stock dh bought was Walgreens. I'm doing my part to keep the company going.

Does it mean you do not buy free after ESR items with $/$$ coupons issued once in a while by e-mail? If you do, ask your DH to get rid of WAG, you are doing better then his investment..

[MaryMary]

Yeah, yesterday didn't look too good did it???

But for once I want to be in on the Buy Low Sell High deal....I always seem to do it the other way around. My first big investment in the stock market was October of 01 or whatever year that it tanked about 6 weeks after I invested the money from the sale of my house!

I'm trying to be smarter this time......

For anyone trying to be smarter catching a falling knife is not recommended, it seems like you want to repeat the same mistake you made years ago. Using your time off the market to improve your knowledge and understanding, summarize and learn from previous experience is much better way to achieve.
#1 step should be to determine NOT what stocks to buy, but what do you want this money to do: be a part of your retirement (how old are you?), college fund for your kids (how old are they?), emergency fund, or just savings money. It would influence everything else: what to buy, for how long to stay on the market, etc.