Now that the economy is heading into crisis, Is it a good time to start buying stocks and hold for the future?

Yes it is definitely a great time when all the stocks are at an all time low

I answer this 2 weeks ago when someone else ask the same question. I copy and paste the answer here. I also did a video to explain clearly later.

"Usually, when the market goes down impulsive like this, it will take about a few weeks to settle down. There are force selling and people trading on margin may have margin calls.

We are unsure this is a bear market or just a correction. We should wait and see how the market reacts first.

If it is a bear market, the market can correct much more than from here. If it is a correction, we should also wait to see whether the level will hold.

Chart 1 shows that when SP500 breaks the 200week moving average in Asia Financial Crisis and Global Financial Crisis, the drop are 36% and 47% respectively

Chart 2 is the current market from 2009 onwards. Each of the correction did not break the trend line or the 200 WMA. SP500 continue to head higher.

So based on the current drop, it is still a correction, price did not break the 200WMA or the trendline. However, we do not know how much it will drop from here.

So wait first. How to know it is a correction? The price will rebound from support and then make a higher low and higher high. Eventually, it will clear the high.

How to know whether it is a bear market? The price will break the trendline and 200WMA.

So conclusion wait, in a few weeks, if we know it is a correction then we can buy. But if you buy now, and it is a bear market, it can still drop a lot.

I am sorry, not sure I explain myself clearly. If there was some kind of video or webinar with feedback and questions, maybe can explain clearly. ​​​"

https://zoom.us/rec/play/u5wofrj-_zg3SdWR4QSDAf...

Yes definitely a good time to buy and hold if you able to hold it long enough. There is a saying, when people is greedy, we should be fearful; when people is fearful, we should be greedy. ​​​

Price is what you pay. Value is what u get. (from Warren buffet)

Now that the economy is heading into crisis, It is good to buy stocks while it is low. Since it is hard to time the market, u can Dollar average your chosen stocks