What Do I Do During a Bear Market? What Do I Invest In?
Photo by: artct45
Buy technology stocks and fund. They’ve done really well this year, and think about it. We’re in the technology era; people WANT technology and are willing to pay for it still. As long as you’ve got a good time horizon for investing (10+ years left till retirement) I think you’ve got a good shot to get in at the bottom floor during the recession.
There are special recession ETFs geared towards recession. Look at medical, people always need to go to the doctor. Look at Claymore Securities.
Ultimately, my recommendation is to keep your money headed towards your investments as long as you’ve got a job. Keep your portfolio on track, this is the time when many people are getting out of the game, and as long as you’ve got time on your side, a perfect time for you to capitalize on the low prices being tossed around.
Do you have any secrets you’d like to share? Anything you’ve done in the past? Advice for the future?
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Great points Hank. But don’t forget to look at consumer staples and funds more weighted there. Energy, food, transportation are examples of things that consumers need even when the going gets tough. If you’re under 40 – now is your chance to test your patience and make some slow hard-earned cash.
ah – good point Naveedsmind. I actually was going to mention that but blanked. That really can be a post in itself; investing in core services that we’ll always need is a good bet and Energy, Food, and Transportation aren’t going anywhere in the near future.
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