| "> | | | | what makes the market--when one person thinks it's |
| I have been traveling so unaware of any local flyers | | | | a great time to buy, another will be equally convinced |
| as to exactly what time the sales will begin the day | | | | it's a great time to sell. So, now in the midst of |
| after Thanksgiving, but I'm guessing it'll be midnight | | | | heavy selling, and some panic selling, I invite you to |
| this year. I've always thought Black Friday sounded | | | | ask yourself, are you one who prefers to pay retail |
| too racist, so I prefer to call it Friday Fire Sales | | | | or wholesale prices? Or are you one to take |
| instead. You see, in addition to the generally | | | | advantage of a real fire sale? |
| accepted meaning of fire sales, we've been burnt this | | | | If you have extra money that you can comfortably |
| year in the stock and bond markets such that | | | | afford to invest for 3-7 years, there has not been a |
| retailers are going to HAVE to induce us with some | | | | time like this to buy in many a year. Will the market |
| pretty special savings. What will it take to rouse you | | | | go lower? Perhaps. Will the market improve such that |
| out of a deep sleep,haul yourself into your car and | | | | you "feel" more comfortable investing? Perhaps, yet |
| for those of use living in cold weather states, | | | | statistics abound about how much investors lose out |
| possibly have to clean the frost or snow off that | | | | on by waiting too long to buy, and it's a sizeable |
| same car, and elbow your way into a store or two? | | | | percentage indeed! Remember the age old advice, |
| Discounts of 30%? Discounts of 40%? How about | | | | buy LOW, sell HIGH! |
| 50%? Now THAT'S a real bargain by anyone's | | | | So, rather than wade in by buying individual stocks, I |
| standards. | | | | recommend the purchase of no-load mutual funds--a |
| Yet if I invited you to consider buying into some | | | | collection of stocks--to mitigate some single stock |
| stock mutual funds now, you would probably not | | | | risk. In other words, why "pick" a stock now, when |
| take the same view, correct? Yet, I've always said | | | | so much changing news could adversely affect your |
| that investing involves common sense, and common | | | | whole investment; i.e., single stock--hey who thought |
| sense would say that a heavy discount of a quality | | | | Lehman Brothers would now be dust just 4 months |
| item is usually an invitation to buy, in anticipation of | | | | ago? I mean if this whole financial meltdown caught |
| gaining terrific value without having to pony up a | | | | Alan Greenspan by surprise who are we to wax |
| retail (or even wholesale in some cases) price. | | | | eloquent on matters financial. Nothing saying you can't |
| They don't ring a bell at the bottom of the stock | | | | buy a little at a time over the next several weeks |
| market, nor do they ring a bell at the peak. So, unlike | | | | and months either, utilizing dollar cost averaging. |
| retailers, who advertise their sale days and the exact | | | | As you stand in those long lines then this Friday, |
| % off (in advance) with glossy mailers, the stock | | | | remember that you may make some of your wisest |
| market doesn't advertise to the masses or event a | | | | purchases this holiday season from the comfort of |
| select few, but rather gallops along, available for | | | | your home, dialing your financial planner or broker, or |
| purchase at any time. And hint, hint, wink, wink, the | | | | placing the trade(s) into the stock market yourself. |
| stock market is on a HUGE fire sale right now! | | | | HAPPY TURKEY DAY! |
| Obviously the combination of buyers and sellers is | | | | |