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buy and hold?
Posted on 6/20/13 at 4:15 pm
Posted on 6/20/13 at 4:15 pm
So what are the board's opinions. If the correction is coming, do you hold what you have and buy more? What are your thoughts on this if you're not close to retirement. Obviously, you move to less risky investments closer to retirement but I'm mid-30s and thinking of just riding it out and buying more at cheap prices.
I don't have many individual stocks. Mostly index funds or ETFs, zero bond funds. Thoughts?
I don't have many individual stocks. Mostly index funds or ETFs, zero bond funds. Thoughts?
Posted on 6/20/13 at 4:23 pm to ulsaint
Did things fundamentally change for coca cola,mcdonalds,phillip morris,3M,pepsi from last week?
Those companies were just victims of a huge sell off. Frankly most are trading at cheap forwards earnings valuations, this sell of is borderline comical and criminal at the same time. Yes the economy is in some deep doo doo, but really even all these people struggling, they're going to be affected when it comes to purchasing mcdonalds and it's $1 menu products? Or even a 75 cent can of coke? These companies aren't affected by commodity pricing like say oil prices like exxon or chevron would be, those companies sell cheap products that continue to be bought in good times and bad.....oil prices go up and down, coca cola prices don't.
I don't see why you would sell, I hold,enjoy growing dividends and I bought alot more of my favorite 4 or 5 companies today.
In the long run, this 300 pt drop will be comical in say 2030 if you hold and reinvest the dividends till retirement
The real problem is everyone thinks they're fricking george soros and wanna time the market and buy and sell the news etc leading to days like today, read the following piece, if you bought 1, yes 1 share of exxon like 40 years ago and added just $100/month youd be a millionaire today
LINK
become an accumulator, buy solid companies and add add add....no eastman kodak wasn't a solid company, we dont need film today, I cant envision a world in which we dont need coca cola, mcdonalds, cigarettes, etc
Those companies were just victims of a huge sell off. Frankly most are trading at cheap forwards earnings valuations, this sell of is borderline comical and criminal at the same time. Yes the economy is in some deep doo doo, but really even all these people struggling, they're going to be affected when it comes to purchasing mcdonalds and it's $1 menu products? Or even a 75 cent can of coke? These companies aren't affected by commodity pricing like say oil prices like exxon or chevron would be, those companies sell cheap products that continue to be bought in good times and bad.....oil prices go up and down, coca cola prices don't.
I don't see why you would sell, I hold,enjoy growing dividends and I bought alot more of my favorite 4 or 5 companies today.
In the long run, this 300 pt drop will be comical in say 2030 if you hold and reinvest the dividends till retirement
The real problem is everyone thinks they're fricking george soros and wanna time the market and buy and sell the news etc leading to days like today, read the following piece, if you bought 1, yes 1 share of exxon like 40 years ago and added just $100/month youd be a millionaire today
LINK
become an accumulator, buy solid companies and add add add....no eastman kodak wasn't a solid company, we dont need film today, I cant envision a world in which we dont need coca cola, mcdonalds, cigarettes, etc
This post was edited on 6/20/13 at 4:26 pm
Posted on 6/20/13 at 4:52 pm to ulsaint
I buy and hold a diversified portfolio of index funds. And I hope the markets crash really big one more time in the next decade so I can load up some more.
If you're a regular working person a major crash or two when you are 35-45 can be a very good thing. By that point your income is starting to get substantial, so you want a big crash so you can pile in with real effect.
If you're a regular working person a major crash or two when you are 35-45 can be a very good thing. By that point your income is starting to get substantial, so you want a big crash so you can pile in with real effect.
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