Is now a good time to buy shares?

skaterdude

Is now a good time to buy shares?
Because of what happened with the banks and the price of certain shares dropping is now a good time to buy them as they are at the lowest they have been in a while?
is it too optimistic to think they can only go up?

Idu

Depends on the stocks and yes it is too optimistic to think they can only go up

skaterdude

i ment eventually go up
eg would it buy wise to buy lets say bank of ireland shares?
or apple shares or something?

El Stuntman

skaterdude wrote: »

i ment eventually go up
eg would it buy wise to buy lets say bank of ireland shares?
or apple shares or something?

you would be better off going into your local casino and putting it all on black at the moment

bank of ireland are -15% today

please hold onto that cash for now!

ranger4

El Stuntman wrote: »

you would be better off going into your local casino and putting it all on black at the moment

bank of ireland are -15% today

please hold onto that cash for now!

Could always short banks.

El Stuntman

ranger4 wrote: »

Could always short banks.

you could

I was responding to the OP's question however

damnyanks

I wouldnt buy any stocks until all the weak banks have been weeded out.

karen3212

skaterdude wrote: »

i ment eventually go up
eg would it buy wise to buy lets say bank of ireland shares?
or apple shares or something?

Eventually, judging by history, it would seem likely that shares in general will go up, eventually, of course individual companies go bust.

I wouldn't bet on an individual company in the short term, however I'd be tempted to go for an International share Index tracking fund with dividends reinvested. Should go up eventually...... think at least 5-10 yrs though before you could be able to take the money out, ....if you are thinking 1 yr then I think it's pretty much like gambling unless you really know a company, including the management of that company.

Roonbox

The markets are way too volatile at the moment, the safest place to be for the next while is Gold and Silver. Banks have a long way to go down.....


Maybe Ryanair would be a buy with oil back down around 100

Roonbox

I just checked gold there and its up 50 Dollars today.

Cantoris

Every month for the past year people have been asking the same question of whether it is a good time to get into shares. IMO we are only half way through this crisis and maybe not even if it starts impacting on other sectors like insurance etc in which case we could be added at least a year or two on for each sector. So we could be in this for the next three years. Over that time, shares will go up and down but I think that it is better to ride a rising wave than predict the bottom of the market. There will be plenty of time to make money in the next cycle.

If you do want to invest, I would do it through a pension product. This way you average out your monthly investment over the next five years and it is tax efficient. It's what I am doing so that in five years I can lay off the pension investing and catch the next cycle.

skaterdude

Have share prices not fallen because of the crisis?
is there any shares that have not been affected?

SoCal90046

skaterdude wrote: »

Have share prices not fallen because of the crisis?
is there any shares that have not been affected?

Skaterdude,

Could I suggest reading some material written by or about long term investors. If you're a trader, it's a different issue, but if you plan to invest for the long term--however you define that term--you might want to pick up a few books on the topics just to hone your own instincts on when you should buy. You're asking a great question, but it's the kind of question that, ultimately, you answer for yourself, since you're the one transferring your cash into equities.

I'd suggest Stocks for the Long Run by Jeremy Siegel or I'd suggest One Up on Wall Street by Peter Lynch. They'll at least give you ideas.

skaterdude

I think i will do that
is there any courses that teach you about stocks and shares?
was thinking bout buying shares in bank of ireland in the nxt few days not much about 500 euros just cause their so cheap,
is 500 too little?
sound like a good/bad idea?

BendiBus

Yesterday afternoon was a good time to buy shares. Don't know it that helps

Today might be a good time to sell the shares you bought yesterday. Or maybe not. Who knows!

SoCal90046

skaterdude wrote: »

I think i will do that
is there any courses that teach you about stocks and shares?
was thinking bout buying shares in bank of ireland in the nxt few days not much about 500 euros just cause their so cheap,
is 500 too little?
sound like a good/bad idea?

Peter Lynch has written three books on the topic; they're a very easy read. He is a believer in individuals researching and buying public companies. I'd be inclined to read Beating the Street first then Learn to Earn. They're similar, but worth reading. It should give you some ideas on how an individual can decide for him or herself if a company looks like a good investment--at least it gives a few ways to look at a company.

OfflerCrocGod

You shouldn't just start buying shares unless you have a good idea of how markets work imo. If I where you I'd go and study for a few weeks (months would be better), in your spare time just read finance and trading literature and magazines and newspapers like The Economist and the FT. After you gain a better knowledge of the market and it's terms then you can have fun but I would draw up a long term plan including the lines where you sell up and get out. You will do much better if you have clear goals and limits drawn up.

skaterdude

Ok ive decided i might as well buy 300 euros of shares in bank of ireland just to get me started,
i just feel that since the price is so low at the moment i should go for it instead of waiting for the price to go up?
i will try and learn more aobut shares and stocks over the coming weeks/months
how will i go about doing this? i just go into the bank as ask to buy 300 euros of shares and they will sort it out for me?

Idu

Seriously save your money. You would be far better off missing the lowest price of the shares but actually be investing when the market is going in your direction. Bank shares are in the toilet at the moment and will be for a while. And for the last time just because BOI shares have gone down so much doesn't mean they have to go back to anywhere near that level again.

Also why are you investing any money before you have learnt anything about the markets? You say you will learn about it after you have invested. Are you mad? Can you not see how that is fundamentally ridiculous? What you are proposing is akin to going into the bookies and putting 300 on Shelbourne to win the Champions League and when you notice the quizzical look on the teller's face you say "ah the price was too good to pass up. I dont really know anything about football but I plan on studying up in the next few weeks"

The fact that you dont know how to buy the shares should be an indication to you that you might need a little more info before beginning to invest???

Sorry to rant but the slew of these posts popping up is ridiculous. If you want to throw your money away then fair play to you. I presume you came on here for advice so listen to it, skimming back over this thread I cant see one post advising you that now is a good time to buy

daveirl

This post has been deleted.

OfflerCrocGod

skaterdude wrote: »

i just go into the bank as ask to buy 300 euros of shares and they will sort it out for me?

I needed that laugh, thanks Keep your money in a savings account before you lose it all.

Reyman

skaterdude wrote: »

Ok ive decided i might as well buy 300 euros of shares in bank of ireland just to get me started,
i just feel that since the price is so low at the moment i should go for it instead of waiting for the price to go up?
i will try and learn more aobut shares and stocks over the coming weeks/months
how will i go about doing this? i just go into the bank as ask to buy 300 euros of shares and they will sort it out for me?

Get yourself 60-70 pints of Guinness and enjoy yourself rather than messing with shares!

This is a serious business and a lot of people have been wiped out badly.

hawkmoon269

damnyanks wrote: »

I wouldnt buy any stocks until all the weak banks have been weeded out.

Agreed.

ionapaul

Hope you didn't buy those shares this morning! Irish banks all down over 10% so far today, another bad day at the office for those still holding on to bank shares - I pleaded with a member of my family (literally pleaded) to sell their BOI shares about 18 months ago with no joy; at least they'll listen to me in the future (when I'll probably get it wrong!)