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Updated almost 5 years ago on . Most recent reply

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124
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Jacob Lapp
  • Rental Property Investor
  • Souderton, PA
106
Votes |
124
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Good time to get in the stock market?

Jacob Lapp
  • Rental Property Investor
  • Souderton, PA
Posted

For us real estate investors this is a good time to have rental properties while we watch others portfolios crash with the stock market.

Other than a moderately safe mutual fund I contribute to monthly and my 401k, I am not involved in trading stocks.

Do you guys think this is a good time to buy stocks while they are so low?

I made an account on Robinhood and found some stocks that seemed like good investments. BAC, V, FB, MPC and ET. If I invest 1k and they return to where they were before the virus, in a year it will give me a whopping $500 return. :/

I don't have the knowledge of the market to be comfortable investing 20k (hoping to make 10k in a year).

Are there any stock pros here that have any tips for someone trying to capitalize on the low stock prices?

Thanks in advance!

Most Popular Reply

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
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13,365
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

You start out by mentioning the reasons why you don't like the stock market...and end up asking if this is a good time to invest in it.  Just because it's way down, doesn't make it a better investment to you than if it was up.

If someone had a property that you described as "a giant turd, with tenants" and "I wouldn't buy that property if it was $????? (fill in any number here)".  Then, the price dropped to half of what it was when you said you would never buy it.  Would you then be interested in the "turd at half price"?

I'm not saying the SM is a bad investment.  I'm just questioning if it is for you since all the reasons you stated for not investing in it...haven't changed.

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