Friday, February 26, 2021

Blood in the Streets

"Buy when there is blood in the streets, even when it's your own" (Baron Rothschild).

"Be fearful when others are greedy, and greedy when others are fearful" (Warren Buffett).

These quotes seem to be applicable now. So is this a good time to be buying stocks? Maybe not immediately! But a timely consideration of the below mentioned might benefit you.

If markets consolidate, correct or enter bear market territory it is usually a good idea to start thinking about the levels at which you want to start dollar cost average (dca) into the stocks that are part of your core portfolio. The one you hold for the long term.

For great investors the sun always shines. If markets go up they become more wealthy, if markets go down they are able to buy good stuff more cheaply. So see declines less as a threat and more as an opportunity. Remember it is about time in the market not timing the market.

Hopefully this helps to ease the pain and anxiety associated with loss of existing value. 

This is not investment advice. Do your own research. Please also read the disclaimer at the bottom of the blog.