Could there actually be a positive side to the market’s recent implosion? It’s hard to look at the sunny side when it seems like a dark cloud is always hovering around. But I still think that you could eventually make some good money while the market corrects itself. This is a perfect opportunity for younger investors to purchase stocks of great companies at their lows. For the young investor it’s much more important to create a position and let it ride back to the top.

Great companies are still paying out healthy dividends which will be reinvested at their low share price. You can establish a small position and let it grow for the long term. It’s like growing a tree. First, you plant the seed (purchasing shares). Second you take care of your plant by watering it and providing shelter (reinvest the dividends and keep on purchasing shares). Eventually, you will end up having a big ol’ tree (a nice position in a good company).

The market has so much opportunity right now that it’s craving for some buyers. You can try to play it smart by purchasing and investing for the long-term or you can try to be a market timer and probably lose. No one ever got rich by purchasing shares at their highs and selling them at their lows. So please take advantage of the huge “fire sale” the market is giving us and buy some shares of some good companies.

The financial sector got killed this year, so their might be some good buying opportunities with good conservative banks. SunTrust for instance, got knocked down with their peers even though they still have a pretty clean balance sheet. They are paying a 4.9% dividend and are at a three year low. It’s still a great bank with excellent fundamentals.

Of course there are many other companies that I would buy if I had the money to invest. My personal favorites are still companies that are paying dividends because they offer long-term position growth. Right now, I would rather buy Microsoft than Apple because they pay out a dividend. It’s much easier to build a position when the company offers the investor an incentive to be a shareholder.

The other company I like, while their share price is getting beat up, is PWE. They pay out that nice dividend which will help the investor build a position very quickly. Remember to reinvest the dividend for maximum growth potential. The company also pays out their dividend monthly which is an added bonus. There are plenty of other Canadian oil trusts for the picking, but I still think there is more upside with this company.

The market is offering investors long-term buying potential. Young investors have the ability to make a lot of money in this market. If you have the ability to invest, invest in companies that are getting knocked around, but still offer a bright future.