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Motley Fool Founders: Don't Lose Faith in Stocks, Invest With Confidence

By    |   Friday, 31 August 2012 08:32 AM

While some market mavens, such as Pimco’s Bill Gross, have trumpeted the death of equities, The Motley Fool founders Tom and David Gardner beg to differ.

"It is a great time to invest and I have always felt that way," David tells Yahoo.

"We are long-term investors. Assuming you have some capital, you have to put it somewhere. We say invest with confidence.”

Editor's Note: The Final Turning Predicted for America. See Proof.

Tom feels the same way. “There are so many great businesses out there, and I think our members are pretty active investors,” he says.

Investors who should feel nervous are those who look for short-term profits, Tom says.

“Businesses, particularly consumer-facing businesses in the U.S., will continue to generate profits — the best ones [at least]. And those are going to be the great investments over the long-term period. We’re looking to invest five to 10 years out.”

David acknowledges that in the wake of recent financial scandals, “there’s a lot of skepticism out there.” But that just means “there’s a lot of money outside the market,” he says.

“And when it comes back in, I feel really good about the different companies we own.”

Money manager Laszlo Birinyi is bullish on stocks too. “If this market continues to track history, and to date nothing has been a better guide, we could see 1,500 [for the Standard & Poor’s 500 Index] before year-end,” he writes in a report obtained by Bloomberg.

That would represent a 7 percent gain from Wednesday’s close of 1,399.

Editor's Note: The Final Turning Predicted for America. See Proof.

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