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Originally Posted by Flounder911
there are no companies that are truely worth buying into with 200 $ as stated in the other topic that you started...

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Agreed totally. With $200, there's really nothing worth investing in. It's different if you have $2,500 and have a Zecco account and want to plop $200 into two companies.
While it's great to stay on the sidelines just in case the market falls to 6,500 (or a total drop of 60%), there is also the potential of yesterday where you would lose out on those gains shall you go in later. There's no single "right" time to enter the market; it involves judgment and a belief that buying at that time makes long-term financial sense. If the depression were repeated again, the market would fall below 900; it is something I highly doubt but anything is "always" possible.
Basically, there is the belief that if you have less than $10K, you shouldn't be invested in the stock market. I think that's true, but I think it's more that you should limit your stock exposure to 50% if you have less than that amount just in case you need to tap the cash. If you are not saving on a regular basis and investing will encourage saving, put 50% into investments and 50% into savings. That way instead of spending it, you are encouraged to keep your costs low and save it!
So instead of being an all or nothing investor, I'd dollar cost average 10-15% of your pay to go into the market each and every month. If the market rises above an 18 PE, I'd cut it by at least 1/3. If it is below a certain PE (i.e. 12-15), I'd consider putting in the full 15%. Another way is to always use a target allocation (i.e. 80% stocks), buy stocks when the % of stocks goes down and sell stocks when the % of stocks go up. I like the target allocation the most since it results in responsible investing and helps prevent either panic selling or panic buying.
1950s town anyone. The rents tend to be much lower and you can save a lot of money. Be sure to read Rich Dad Poor Dad and The Millionaire Next Door with the latter book being preferrable.
Remember that these are just general suggestions based on my investment philosophy and how I attempt to invest. This is not advice! There's no guarantee that I invest that way.