I want to buy some shares of the company I left a few years ago. It was up to $55 at one point and is now down to $16. I believe it will go up again because they are in the construction/municipal utilities business, so the need will always be there.
I do not really understand how the market works, but I am willing to wait long term for the stock to go up. Is it a smart thing to buy (not my life savings, just about $1000 or so).
Thanks.
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Is It A Good Time To Buy Stock? Is There A Reason Not To?4 comments to Is It A Good Time To Buy Stock? Is There A Reason Not To? |
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If you think it has hit bottom then get it and watch it go up. the economy may worsen before it starts to get better though. some still have a few dollars so got to drain a little more first.
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Irvingfan, based on what you say, and that this company has been around a while, and actually makes or manufacturers something tangible, I’d say go for it. Like you said, not your life saving, but if you’re young, it’s way smarter than Vegas or your state lotto.
I hate cliches. Haste makes waste, but he who hesitates is lost? Grandma was crazy, right? Still, some of them old sayings have a little something to them? Nothing ventured, nothing gained? No guarantees of course, but unless you try, for sure there will be nothing.
Depends on your timeframe. I think many companies have been knocked down due to the economy rather than their performance. I dont think getting 100 shares or so is too crazy. It may go down further, but if you can hold 3 years it may be a steal.
One way to look at the market is – everything is on sale.
If you feel strongly about it – then invest.
Have you check the morningstar rating?