the indexes are great deals at the following levels:
DJIA (DOW) at or below 10,000
S&P500 at or below 1000
TSXÂ at or below 8000
as of today (oct 07 2008) the DOW and S&P500 have crossed those thresholds on their way down
TSX should be along soon.
Find a index fund with an MER less than 0.5% and put some money there. I think it should be rewarding. But of course only time can tell.
According to my calculations it should offer good long term returns if bought below this level
DJIA = Dow Jones Indusrial Index
it is composed of 30 “greatest” companies
the S&P 500 which is a borad index of 500 companies, is a great deal below 1000
I myself have started buying even at 1100
S&P 500 = Standard and Poor’s 500 index
see www.standardandpoors.com
According to my simple calculations the TSX index is a deal at 8000 points.
At that level it is a bargain and almost guaranteed money maker
TSX = Toronto Stock Exchange