Young Investors Getting Cold Feet? Contrarians Will Win.
By David Mezzapelle
The economic crisis is plastered all over the news. This is nothing new. What I find interesting is the fear that again causes people to “buy high and sell low.”
Many people were hurt in the technology crash earlier this decade and many people were hurt in the recent real estate downturn. Over & over again people get nervous and dump assets (stocks, real estate, etc) in down markets. For some, I understand their need for capital. But for many, the sales are sparked by fear. I wish more people could relax and take a contrarian viewpoint.
I read a recent article in the Wall Street Journal about young people getting cold feet on investing. That is understandable because the media paints a horrible doomsday picture. This is scaring the younger generations that just graduated from college and are starting to earn a living. These same people need to take the time to look at value investing and take some advice from people like Warren Buffet and many others that see opportunity, not doom.
Take a look at many of the bluechip companies that were affected in this economic downturn. Dividends, yields and sheer price offer young people tremoundous opportunity to kick-start their investments and build a nestegg of safe investments purchased at rock-bottom prices.
Good luck, don’t worry, and be a contrarian.
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