First Time Visitor To 20s Money?
I encourage you to click here to read about our site and community. Please consider subscribing to the RSS feed to get 20s Money content delivered straight to you. Furthermore, check out the free reports we offer for 20-somethings looking to get ahead financially.
Market downturns are good for young investors
Find yourself feeling sick that your 401(k) is down 15% this year? If you’re in your 20s, cheer up. The downturn in the stock market since its highs last fall will serve you better long term. For the young investor, you have the majority of your investing days ahead of you and the more positions you can build at cheaper prices will drive long term gains for years.
Remember, our goal is to build a portfolio of solid positions that will drive superior long term gains. Any short term correction in the stock market helps you build these positions. Stay focused on the long term.
A good opportunity in the near future may be in energy stocks, specifically natural gas. Many are predicting a rebound in the dollar which should cause a commodities correction. I will be using any weakness in oil or natural gas to add to my positions.
Energy stocks I am looking to build larger positions
- Chesapeake Energy (CHK)
- XTO Energy (XTO)
- Devon Energy Corporation (DVN)
What stocks are you targeting to build larger positions in for your long term portfolio? Add your comments below for other 20-somethings’ portfolios.
Popularity: 8% [?]
Don't Miss A Single Post - Subscribe To Our RSS Feed!
Loading ...
Agreed.. Will be buying nat gas on weakness
Intermediate term buys: XTO, RIG, NOV, SBLK, IPI, POT