re: Reccomend some buy and hold stocks

quote:

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I'd be sick! Especially with Lowes! I wish I was aware of how these things worked in 08-09 ??

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I worked for an automotive company at that time. And I've been in real estate or banking (at least as a sideline) for most of my adult life. Trust me, no one knew "how these things worked" in 2008-09. If not for the bailout, Ford would have gone under too. They didn't need government money, but they did need the supplier base that would have been further devastated, had GM, and to a lesser degree, Chrysler, not been saved.

I pulled the trigger on quite a few stocks in 2009. But only because I decided that for once in my life, if the country and financial system didn't make it, I would go down with the ship this time. It turned out more than OK. And some dynastic fortunes were made off those lows. But it felt like a crap shoot every time I hit the buy button. Anybody that went into capital preservation mode back then has nothing to be ashamed of. It could have just as easily gone the other way.