Is now a good time to buy? If so - what?

RoxieW

Hi, complete novice here with about 10K to invest. Surely now must be a good time with the market low?? But what now? I have no clue about shares/bonds etc so what would be a reasonably save bet over the next 5 years?
Thanks

Stavros_3

Don't think you are going to get anyone giving you an open answer here

isofa

I hear Northern Rock are worth a punt... or was that earlier in the year

Lokolo

Not allowed to give advice on specifics here. Go see an IFA if you want to invest.

cheerfulcat

RoxieW wrote: »

Hi, complete novice here with about 10K to invest. Surely now must be a good time with the market low?? But what now? I have no clue about shares/bonds etc so what would be a reasonably save bet over the next 5 years?

Hi, Roxie,

Generally speaking, five years is not long enough - investment is more for the medium to long-term, preferably 10 years or more.

Having said that, yes, I do think that now - and perhaps for the next year or so - will turn out to have been a good time to put some money into the stock market. What would be reasonably safe? Well, imo the best way to mitigate risk is to spread your money amongst different assets.

Lokolo

dunstonh recommends 5-10 years at least.

But to be fair, it really depends what we're dealing with here.

But at this time it should be about 10 years, if things continue to fall

wombat42_2

Quite a few gurus I was reading yesterday on Bloomberg (Faber, Rogers etc) say that Gold and cash are the only places to be. One guru even suggests the DOW will halve to 5000. :eek:

cheerfulcat

Lokolo wrote: »

dunstonh recommends 5-10 years at least.

Yes, five years minimum. Not five years in total as the OP seems to be aiming for.

thrupence

wombat42 wrote: »

Quite a few gurus I was reading yesterday on Bloomberg (Faber, Rogers etc) say that Gold and cash are the only places to be. One guru even suggests the DOW will halve to 5000. :eek:

When does this guru think the DOW will be down to 5000?

Cos I might wait and buy then.

wombat42_2

thrupence wrote: »

When does this guru think the DOW will be down to 5000?

Cos I might wait and buy then.

Each day there are new videos of gurus being interviewed, see http://www.bloomberg.com/index.html?Intro=intro3

UnfortunatelY i dont know if or how you can access olf videos from previous days. However I do remember the guru saying that he had little idea of timing which many gurus readily admit to. I think he said the DOW would hit 5000 in a few years. In the meantime they say make money from gold and cash.

hypno06

Hi Roxie, if this £10,000 is all or almost all of your hard earned savings, then you should NOT be looking to invest it in the stockmarket, either directly in shares, or indirectly in a packaged product.

How would you feel if that £10,000 went down to £5000, or worse still went down to nothing?

Never invest money you cannot afford to lose - the first rule of investing in the market.