It was sometime ago that we had a thread by Eminitrader to discuss wise stock and mutual fund investment. I did not care about it at that time because I was still a student. What about starting the same discussion by seasoned online traders or maybe pro-investors. It would be good for a novice like me. With much appreciation.

I am not into IB but I do maintain my portfolio. I did not sell my stocks even during the turmoil because most of them were growth stocks and I believed on the companies' abilities to deal with the situation. It seems, the strategy is finally paying off...
My main principle is to focus on the growth stocks and buy stocks when they go down due to some outside elements while they retain their growth potential. In fact, I bought quite a few stocks during the fall-down while others were selling. It was a risk but if you look at the companies' performances, it was not such a big risk as it was perceived in the outside world.

In current scenario, the housing stocks are down. I am not sure if they are 'buy' or 'neutral' for long term investment. What stocks would be 'Buy' for now and 2008? Much appreciated.

Hey Supnat,

I don't suggest u to get into market right now. It is one of the most volatile times in wall street. watch for the Fed's decision on Dec. 11th. Don't get into market without plan. so go through the Eminitrader's posting from the begining and read some books he recommended. Good Luck.

Fed looks like they gonna cut the rates. so if the rates get cut, the stock prices may go up for a month or so..

But for long term investing, my suggestion is wait ... it appears that a market correction is underway.. stock prices are going to come down quite a bit.. its just matter of time.. maybe few months maybe few years.. but invest when the market is low, not when the market is high. right now its quite high.. i think.

Fed looks like they gonna cut the rates. so if the rates get cut, the stock prices may go up for a month or so..

But for long term investing, my suggestion is wait ... it appears that a market correction is underway.. stock prices are going to come down quite a bit.. its just matter of time.. maybe few months maybe few years.. but invest when the market is low, not when the market is high. right now its quite high.. i think.

Fed looks like they gonna cut the rates. so if the rates get cut, the stock prices may go up for a month or so..

But for long term investing, my suggestion is wait ... it appears that a market correction is underway.. stock prices are going to come down quite a bit.. its just matter of time.. maybe few months maybe few years.. but invest when the market is low, not when the market is high. right now its quite high.. i think.

Fed looks like they gonna cut the rates. so if the rates get cut, the stock prices may go up for a month or so..

But for long term investing, my suggestion is wait ... it appears that a market correction is underway.. stock prices are going to come down quite a bit.. its just matter of time.. maybe few months maybe few years.. but invest when the market is low, not when the market is high. right now its quite high.. i think.