Quote:
Originally Posted by Ptmckiou
One great thing about a down market is BARGAINS! Especially, legacy stocks for the kids like Apple and Tesla. Trick is finding the bottom. Since my investments are for inheritance, there is plenty of time. I’m in for the long haul.
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For many years I have been in for the long haul. It must be my nature. I was 80% solid stocks and 20% cash until a few weeks ago when a significant real estate investment property I had held for 37 years sold for a crazily high price. That brought me up to 50% cash. Last week I put my toe in the water and bought a little stock. Not much, just a few shares. I am taking my time and not in a hurry as I see buying stocks right now as trying to catch a falling knife. The Fed plans to raise the prime rate in June and again in July. Inflation is running wild. Many people have become financially stressed. A recession is on the horizon. And so on...
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 05-21-2022 at 08:16 AM.
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