Quote:
Originally Posted by JohnnyD
My sympathies go out to the people who's retirement accounts of gotten decimated by what's going on.
But for all of us young folks around, this is a huge opportunity. I have minimal money in the market at the moment but as soon as the waters begin to calm, I'm opening up then maxing out an IRA.
This is the exact same thing that happened with oil but in reverse. A lot of solid companies that are minimally effected by credit issues are extremely undervalued.
To quote Warren Buffet, "While everyone else panics, I see opportunity. I'm buying stocks."
|
Good ole Warren has seen his fortunes drop 10 billion in the last few months they said this morning.
Threaded Mode