Quote:
Originally Posted by Stu from NYC
I do believe that all info available is factored into the stock market pricing and kind of think the market is near or close to a bottom so started to invest into mutual funds that have done well for me over the years.
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Similar here. I never panic. Of the many books I'v read on the markets and investing, one of the first left quite an impression. (if I could remember the title I'd mention it... think it was about Jessy Livermore). Sometimes ONE thing, idea, fact, strategy, or in a book will hit an individual deeply. For me it was a chart that showed the immense wealth that those who committed suicide during the great "crash" would have eventually enjoyed if only they had not taken their own lives. That influenced my investing from the onset. I always look at every "drop" as a buying opportunity, especially when a major "correction" comes. It has always paid off, big time, but yes, I certainly have friends who would question my mental health if they knew the more my portfolio looses value "on paper", the more stocks, and even index funds, I buy !
