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”
Pages: « 6 [5] 4 3 2 1 » Show All
Pages: « 6 [5] 4 3 2 1 » Show All
January 9th, 2009 at 3:45 pm
If I have extra cash, I’d still take the risk and invest in mutual funds specifically bond funds and equities funds because the time to invest is now. as the saying goes, buy low, sell high. However, when investing, you should always set a 5 year timetable to appreciate the gains or earnings of your investments.
January 9th, 2009 at 2:01 pm
I am exactly 30 and my investment strategy is basically to go into stocks and combine both fundamental and technical analysis to get the best returns.
i have been studying investing in UITFs, Mutual Funds, and VUL and realized that the returns of having myself invest in equities is way higher than having someone do the thinking for you. around 200%++. more the best investment i gave myself is both knowledge and wisdom which i constantly use in tracking down opportunities everywhere. however a word of caution, as in everything, investing in our stock market has its own risks but all you need to do is to manage your risk
if you want to invest in stocks just invest in fundamentally sound companies and sell during their strength
it is working for me.
once i have set aside enough from the stock investment i will look for a franchise to create me passive income which will be my medium term plan. my long term plan is to purchase property which will be for me and my wife’s retirement
January 9th, 2009 at 12:03 pm
Kaye,
What’s the rationale having your child on a VUL (Variable Universal Life)? Why not invest her money on a cost average basis to a good equity mutual fund instead? Please Google what is “insurable interest” mean as it applies to your child and you.
Buy yourself “term insurance” from good insurance company until your child/children are not dependent on you financially. Not all insurance agents are strictly following ethical sales practice, so please remind yourself always of the this axiom: caveat emptor
January 9th, 2009 at 10:55 am
1. Will try to increase my stock portfolio with blue chips
2. Invest in short-term time deposits
January 8th, 2009 at 11:19 pm
1. Continue building my emergency fund and place the money in my diamond savings account.
2. Add 24k to my mutual fund investment.
3. Put 75% of the monthly child support to my daughter’s VUL .
4. Make a top-up of at least 20k to my retirement account.