The market is going down no matter how bad you want to deny it. Commodities are selling of, gold in particular, stocks are moving back below 11,000 and the housing market is seeing it’s share of downturn. Most people who look at this type of market see nothing but bad news and want to get all their money in a savings account ASAP.
Those people are also the people who think investing is risky and buy a lot of poster child mutual funds. People can win in a down market, and most of those people are the rich. Not because they’re rich, but because they know what to invest in. They’ve learned over the years, taught themselves, taken their blows and can now come out smelling like roses no matter what way the market turns. The trick they have is they took the time to learn how to invest and took the risk out of investing in an up or down market.
You’re probably now saying, “But I don’t have time to learn to invest in all those rich investments.” Well you’re reading this and probably 20 other blogs and financial advisement sites out there so I say bully to you. The problem is you may not know where to look or what to look for. It’s a big deal sifting through all the crap that’s out there especially on the internet but we’re going to give you a couple places to start looking.
First off, we find Yahoo Finance to be a great resource. On their homepage they usually have featured articles from investing guru’s like David Bach, Suze Orman, and Robert Kiyosaki. Start here and begin searching the archives for articles about what to do when the market goes south. We found this article to be a helpful starter, are looking for, DEALS. Some stocks are dropping based just on speculation and investors (aka gamblers and speculators) worries. Look for the deals and look for stocks that are slowly becoming great deals.
