Long before 2008 drew to a close, people have started writing off 2009 with words such as “worse than 2008”, “depressing”, “bumpy ride” etc.
Is it then still possible to get out of 2009 with a good investment return or is that out of the question and should we all just try to make as little mistake as possible and aim for a boring year of preserving gains?
Specifically, if you are a 20 to 30-something singleton, what do you plan to do this year about your investments? The conventional wisdom for this age group is not to be afraid to take on some risks because there’s plenty of time to recover, but then again, a few are beginning to think about quite the opposite: why take on risks when you have plenty of time to grow your money?
If you’re a 30 to 40-something with a family to take care of, how do you intend to take care of your funds this year? If you have been investing in mutual funds for the last 10 years and were counting on returns in 2008 or 2009 to fund a child’s education, that’s a major headache.
If you’re in the home stretch at 50 to 60-something, how are you planning to cope in a depressing year? I can’t even begin to imagine how it must be for you.
In general, do you think the death of stocks and financial markets are written in the stars, or do you think this market still have legs to run? What’s your investment strategy for 2009?
26 Responses to “SURVEY: Investment strategy for 2009”
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Pages: [6] 5 4 3 2 1 » Show All
February 3rd, 2009 at 10:20 pm
[...] online survey at Inquirer.net shows that Filipinos are not about to throw in the towel when it comes to growing their personal [...]
January 12th, 2009 at 12:35 pm
I am 25. I lost my job last november and on the same day opened an account in a broker to invest in stocks. Compared to MFs, trading stocks is a lot more rewarding. That’s considering both the financial returns and the knowledge and experience of handling your own finances.
Now, my only reason to find a job is to increase the money I can spend for stocks!
January 10th, 2009 at 6:49 pm
Based on what I’m reading, analaysts say that the stock market will rebound on the fourth quarter of this year as the US slowly experience the effects of the bail out. In effect, since our stock market refects most that of US, then it will follow that our stock market will start its rebound on the 4th quarter. I hope this really happens.
As of now, I think that cash is king. If I wouldn’t have some short term goal of working abroad, I would have use my extra funds to invest more in the stock market taking advantage of its beaten values.
January 10th, 2009 at 1:17 am
I intend to follow Warren Buffet’s mantra: “Be fearful when others are greedy, and be greedy when others are fearful.” Now is incredibly smart time to invest for retirement, assuming that you have at least 10 years to retirement.
I’m a bit wary about managed funds mainly because of experience of the past 2 years where we’ve seen the downward freefall of former financial giants AIG, Citi, Lehman Brothers et al.
I’m sticking with index funds for this year and automating my additional investments to take advantage of cost averaging. =)
Suze Orman’s come out with a great book “Suzy Orman 2009 Action Plan”. Thanks to Oprah, it’s been made available for downloading for FREE until Feb 15.
http://www.phbestdeals.com/2009/01/free-ebook-suze-ormans-2009-action-plan.html
January 9th, 2009 at 3:54 pm
Im in my late 20’s and i believe that this is the right time to reinvest in MF’s. Also, im planning to invest in real estate. I believe that this year offers the best prices (low) in both MF and real estate investments.