Now is the time to build wealth

by Eric on December 18, 2008

I’m so excited.  This is the cheapest US stocks have been in my investing lifetime.  That’s not to say that they won’t go still lower – only that they are collectively on sale.  I don’t know where the market will be next month, next year, or even in the next five years.  But I am quite confident that 10 – 20 years from now we will remember this time as a ‘sale of the century’ on American equities.

Many people lack the guts to participate right now.  That’s great news for the rest of us.  As Ben Graham said, “In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.”  And as Warren Buffett famously said, “You try to be greedy when others are fearful and you try to be very fearful when others are greedy.”  And finally, from Peter Lynch: “Everyone has the brainpower to make money in stocks.  Not everyone has the stomach.  If you are susceptible to selling everything in a panic, you ought to avoid stocks and stock mutual funds altogether.”

Check out my collection for more quotes on investing.

Disclaimer

Remember that you shouldn’t get your investing advice from the internet.  Educate yourself and understand what you’re doing and why.

{ 2 comments… read them below or add one }

Allen Taylor December 18, 2008 at 6:00 pm

Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor

Tom Humes December 18, 2008 at 6:23 pm

Nice Site layout for your blog. I am looking forward to reading more from you.

Tom Humes

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