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Post by surefire on Oct 20, 2008 19:56:12 GMT -5
Stocks that is.
Given that it is hard to know exactly when things will bottom out, I'm adding little by little while prices drop. I feel that now is the time to buy... when everyone else is panicking and making unrash sells.
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Post by The Big Dog on Oct 20, 2008 20:21:19 GMT -5
Buying a bit to average costs down on stuff you already own in this particular environment is not a bad thing, presuming the stock you are buying has a good upside potential and isn't totally hosed.
I'm even adding small increments to my AIG position even though it's taken a total beating. Their core insurance business is strong and sound.
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Post by surefire on Oct 20, 2008 20:29:53 GMT -5
Buying a bit to average costs down on stuff you already own in this particular environment is not a bad thing, presuming the stock you are buying has a good upside potential and isn't totally hosed. I'm even adding small increments to my AIG position even though it's taken a total beating. Their core insurance business is strong and sound. Exactly my strategy. Cost averaging. I have full confidence that most of my stocks will rebound over the long haul. I also have dividends reinvested, which also helps cost average. |
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