Second call for arm to buy both REO and good stocks
Yes, news around us are now completely gloom and doom, there is no need to elaborate on that any more. I need to caution you that today and the next 12 months may be the best wealth making period in everyone's life as long as he/she can see it and take advantage of it. I have called for arms to buy REOs a couple of months ago, and predicting that 2009 will be the only year left for REO buying with 70%+ off from market peak in 2006. At the same time, I want to call for arm to invest into the stock market, next couple of months may become the best period to invest into solid companies with global brands, healthy businesses and relatively monopoly positions.
Surviving is important, holding onto a job is important, hiding in a ditch during a major storm is a natural reaction from animal in the face of fear. But majority's fear will become one of the best timing to enter the market, building positions for the future. Don't let your animal fear prevented you from seeing opportunities. Best luck to all.