It definitely has been an unprecedented past 2 months with prices fluctuating largely day in day out amidst a longer downwards trend since the start of the year. (The picture above probably describes long-term participants in the market somewhat)

In such times, i do get the rare few messages that ask about buying stocks and I take that as a sign of people paying more attention to participate in the market.

Before actually buying stocks there are a couple of considerations that I feel are more essential to answer before making the final move. I would try to give my personal inputs although these are just my thoughts only and could be very wrong or subjective.

Q1) Timeframe. Are we buying for the long run or are we buying for a short-term trading position?

A1) If it’s the short-term then the person possibly already has an aim in mind, if he/she does not