2008 - What a year for stocks
If you were invested in - stocks, real estate, gold or for that matter any asset, this year has been a roller coaster. So how bad was it for stocks compared to other years. The chart below says it all,
If you are looking for the year 2008, check the bar on your extreme left. Thanks to fellow blogggers at dinksfinance for making me aware of this graph.
There are 2 ways you can interpret this graph. Look at your returns for this year in your portfolio and sulk OR look at stocks that you can buy now at a 50% cheaper price compared to last year. If you like something for 100 dollars and now it is selling for 50 dollars, you should not be sulking but be delighted.
There are many stocks which are insanely priced at this point. If you liked Google, Apple and Microsoft a year back. You should like them all the more now since they have fallen big time. For example Google has fallen > 60% year to date.
As always the usual disclaimers,
- Do your own thinking before buying stocks. You CANNOT and SHOULD NOT buy stocks because some random guy on the internet blogs that a stock is good.
- Diversify your portfolio.
- Your investments might tank another 50%. If you cannot digest such churns in the market you are better off depositing your money in a savings account.
However if you are willing to take risks, there are seriously some nicely priced bounties out there for you. Now go raid!!!
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April 22nd, 2009 at 1:45 am
Guaranteed way to get 50% off at amazon… only buy half as much stuff!