Why? For the same reason I tell people (at least young people), they shouldn't stop contributing to their 401(k) retirement accounts: the stock market is on sale and the bargains are better now than they have been in years. A few examples (disclaimer -- these are EXAMPLES, not stock-picking advice. Choose your own investments carefully based on your own financial situation):
- On Jan. 20, shares of PNC Financial Services Group Inc., which last year bought National City Corp., closed at $22 a share. Nobody liked bank stocks then (most investors still don't). But yesterday PNC closed at $40.93, meaning if you bought then, you'd have doubled your money.
- Last October, I interviewed an investor who told me he thought he was getting a bargain by buying Procter & Gamble stock while it was trading in the $57 range. Right now, PG is trading at about $49; it's worth less than it was then, but it's a strong company (everybody needs toilet paper and detergent) who's shares are going for a bargain.