Sell Hi-Fi and invest in stock market?


Should i sell my expensive gear and put the money in the stock market? Hopefully I could get a large gain and buy better equipment down the road. Anybody doing this?
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Showing 1 response by dcstep

I never got out, but I think it's too early to raise your proportion of equities. The world economy continues to take hits and the US equities are still shaking out, so I think it's still maybe a little early to take a large position relative to your net worth. Some time in 2009 might be ideal. At this point, leg in with a little investment each month.

Look at high quality corporate bonds or high quality stocks that have reliable dividends. The yields are very high for recent history and way better than you can do in bank deposits and money funds.

It could be several years before your profits allow that "better" equipment down the road, so have a strategy for enjoying music while you wait.

Dave