I read this article from the New York Times today that stated that the Dow Jones had lost 9.2% of it's value since the first of January. That's quite a hit and I'm sure that a lot of investors are screaming. On the other hand I'm just wishing that my debts were paid off so I could be buying stocks at these prices. I've just started learning about the market, but this seems to really be the time to scoop up some bargains.
So are any of you taking advantage of this down turn? If not, can you tell me why?
Friday, January 18, 2008
Dow Jones Has Lost 9.2% Since Jan. 1
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2 comments:
Only as much as I take advantage of any market volatility through the ancient and honourable tradition of dollar cost averaging. My retirement investment, such as it is, goes in every month, including when the market is down.
Yeah, my RRSP deposits are going into MF's that are getting dollar cost averaging, but I'm looking forward to investing in some Canadian Dividend Stocks in the future. There are a number with dividend reinvestment and stock purchase plans that avoid any fees for purchasing them.
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