The Irish Times - November 28 2008
How To Answer The Call Of The Bear Market
If now is the time to invest, what stocks might you consider putting money into? Fiona Reddan reports
If as famous banker Baron Nathan Rothschild once remarked, the time to buy is when "blood is running in the streets", surely now couldn't be a more apt time to look at getting back into the stock market?
The credit crunch of the past 16 months has led to the collapse of global banks, plunging stock markets, and government intervention of an unprecedented scale. Closer to home, the end of the property boom has led to a collapse in bank shares and global recession means shares generally are reaching unparalleled lows on the Irish market.
While investors have been chastened by events of the past year, and may fear getting their fingers burnt, there can be no doubt that "blood" is definitely running through the world's financial markets. But is it really time to move.
For investors looking to benefit from the historic lows, David McCarthy, managing director of McCarthy & Associates, recommends that inexperienced investors only invest a small amount and says they need to be prepared to keep their money invested for at least three years.
"The problem at the moment is that logic has gone out of the market and fundamentals have gone out of the window", he says, adding that people should approach any investment with caution, research the market and buy a stock with which they have some familiarity.
However, he adds, "you can never get in at the bottom, or get out at the top", and for those investors who do start making money, he advises that you "make your money and take your profit".
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Mon, 06 September 2010 
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