Tuesday, investors were optimistic about a US recovery from the longest recession since the great depression. The Dow Jones industrial average recorded a 2.61% per cent gain after moving 214.33 points higher to 8,426.74. The Nasdaq composite index climbed 44.36 to 1,763.56 while the S&P 500 index was ahead 29.72 points at 907.24, erasing the index’s 2009 loss.
Believe it or not, now is the time to invest in the stock market. Why!
Stocks are dirt cheap. Where else can you find prime stock, such as Bank of America. In August, 2007; the stock was a 54 dollars a share. When the stock market crashed, the company was in a nose dive, losing nearly 85% percent of it’s value. In March, the stock finally bottomed out at 3 dollars 14 cents a share, this after a government bailout and it’s purchase of Merrill Lynch. Currently, you can buy BofA stock for 10.84 a share.
But be careful who you invest with! For instance, the big 3 auto makers are very weak right now. Chrysler is going to be a leaner company once they come out of bankruptcy. GM, also leaning on bankruptcy will have to show the government they are solvent. And with Ford trying to keep their situation stable, it might be risky even thinking about investing.
Stock Trading can be as simple as opening a no minimum deposit account. You can even switch over your existing 401k to take control of your retirement. Start with as little as you wish and start building for your future.
As with all risk, past performance doesn’t guarantee future results. Invest carefully!