CNN Money: Forecast 2009
This is an interesting article on the experts’ outlook for year 2009, and after the election of President Obama.
Forecast 2009: Your investments
After reading this article, here are some of my opinions:
- The share market is not on the road to recovery (not yet).
- Best to sell some of the stocks which you’re currently earning money. Get the profit while you can.
- Don’t time the market since it’s still very unpredictable now.
- If you are brave enough, you can start tweaking your investment portfolio towards the higher risk type such as stocks.
- Never let your emotions influence any of your decision making.
- Don’t get too defensive since most investors are already in “panic mode” and are switching to defensive stocks (high dividend yield). This might have caused the defensive stocks’ price to shoot up.
Are things going to improve in 2009? -ABC.net.au
But that’s just what I think. I’m still looking at some bargain defensive stocks, but I guess it’s still better to keep a balanced portfolio.
Hope it helps.
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