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9/03/2006

Jump in, the water's fine

      I hear a lot of people say you have to be rich to get into the stock market and I have to say Bull! If you have any savings at all you are foolish to keep it in a savings account at today's interest rates, and with the convenience of direct deposit most brokerage firms welcome small investors.

      The next thing I hear is that the market is down, now is not the time to start an account. Wrong! When the market is down is the best time to start. It is the time to get stocks at bargain basement prices. Or the flip side, the market is too high, I want to wait until things cool off a bit. These prices can't last. Ask anyone at Microsoft or Berkshire Hathaway. When was the right time to sell? They are still holding on and climbing.

       Truth be told, there really isn't a bad time to start saving and investing. The old tale is that if you had invested a dollar in the stock market the day before the big crash in October 1929, you'd be a millionaire now. That is using the Dow index and tracking the rise of the Dow Jones industrial average, not necessarily one dollar worth of just any old stock, but you get the point. A penny saved is a penny earned, but it will stay a penny if you just sock it away. You need to invset to turn your dollars into a pile of money.

       Whether you want to invest in stocks, bonds, real estate, or any thing else, the trick is to start, so like I said, "The water is fine, you just need to jump in" and stay in. 

That's all for this week,

              Thanks,

                 Rob

RobertEBritt@yahoo.com

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The columns, articles, message board posts and/or any other features provided on Wealth Training Source are provided for personal finance and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author’s own and there is no implied endorsement by Robert Britt of any advice or trading strategy

copyright Robert E. Britt 2006