2 ms·
Balls? I don't understand. The simplest tenant is "buy low, sell high". Most stocks are low, way low now. No need to time the bottom. Buy and hold. Buy qu
by njharman 18y ago
Balls?
I don't understand. The simplest tenant is "buy low, sell high". Most stocks are low, way low now. No need to time the bottom. Buy and hold. Buy quality companies whose business/products you personally understand.
If you already have stock, it's a nobrainer perfect time to buy more of the same. Dollar cost averaging.
Bought a stock at $20, now it's at $15? buy another. Your cost is now $17.50. Stock has to go up half as far for you to be making return.
- timcederman 18y agoYes yes, buy and hold, blah blah. But you're missing the sell part. Monday was when I should've sold high, but I don't want to mistime the bottom, so I do the lazy investor's approach and leave my stocks alone until a bottom has been established and I start buying back in.