[Stu from NYC]

Originally Posted by Boomer

As a follow-up to the OP’s June 7 post……..

Well, the market certainly is not oblivious this morning.

It’s days like this when the two rules of investing that I have used for years are coming through loud and clear:

1. Know thyself
2. Know what you buy……..
And, also……Rule # 3: Always, always, always maintain a moat of cash to protect stocks — even if the cash is paying nada, zero, zip, zilch. The cost of sleep is worth it.

I think some serious buying opportunities will be coming soon. It could be a good time for investors to study up on the lists of Dividend Aristocrats and Dividend Kings and see if any of them look interesting and then delve into their div safety — FCF, payout ratio, pe, beta, etc. And then decide whether to do a little shopping.

Even those stalwart, boring stocks can be booted off the list though.

I will say that I think this is going to be with us for a while.

The Fed meeting is looming over the market this week. It is rumored to be a big increase. And yet, CD rates will not get real any time soon, if ever.

I have seen a lot of markets. This one is in the shadow of two Black Swan events — Covid and the war. Add inflation to that and a bat-sheet crazy housing market — and a rocky ride this will be.

This is when I am especially happy that we do not have a financial advisor — who will get paid whether the clients do or not. I prefer to make my own decisions — and my own mistakes. But I understand that others have other approaches and prefer to turn over the responsibility. Not judging…..I realize they are just following my Rule #1.

Boomer

Starting to more or less dollar average into the market now. Think info is already factored into price to a large extent.