I personally would invest part of your disposible money in an ETF tracking a large index like the DJ or the DAX, possibly even in a leveraged form. Usually what matters most is the timing of the buy and the timing of the sell. So you have a highly secure tool, easy to liquidate, very transparent and with low fees which will earn you money in the long term.
Buy single stocks with low P/E and a low cashflow per price. I'm more in European stocks so I don't know solid American ones, but get some which don't rely too much on the American consumer - he is suffering greatly.
If possible go also global - but there is a big exchange risk. I would do it only with a large capital.
I have build up quite a big pile of cash and have waited for such a market for over a year.
Be well
OA
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