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SPDR S&P 500 Message Board

  • jupiter_symphony33 jupiter_symphony33 Mar 29, 2013 11:11 PM Flag

    bad time to buy stocks? - advice please

    I put together a portfolio of stocks for myself which I thought about buying at the beginning of this year, for income generation, mainly MLPs, REITs, dividend stocks and bond funds. These would be long term holds for me, not things I plan on trading or selling any time soon.

    Only problem is: I didn't buy any of them. I was concerned because most everything was trading at all time highs. There also seemed to be a lot of worry in the market about economic issues.

    So now here we are at the end of March and all these stocks I didn't purchase because I was concerned about their high prices have gone up much higher and I would now have substantial profits if I owned them, purely based on price appreciation, never mind the income they generate.

    So I am asking myself should I just buy the stocks I wanted to buy in January now? It doesn't look like a good time to buy to me. Global economic news seems pretty bad. The market just keeps going up but it doesn't seem to be based on anything. Indexes are at all time highs. But at the time same time If I wait for these stocks to go on sale, how long will I be waiting? I could really use the income.

    On the other hand, I know if a crash does come, all of these stocks are going to get killed and with my luck it would be a few weeks after I finally broke down and bought them. I think of what would have happened if I had bought these stocks just before the 2008 crash. Five years later, I still wouldn't have made up the losses on many of them.

    Is it better just to stay on the sidelines and wait, even though I could be missing out on a lot of potential profits?

    Would like to get some feedback from the board about this. Thanks.

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