03-09-2020, 11:34 AM
(03-09-2020, 10:57 AM)fenders53 Wrote:(03-09-2020, 09:37 AM)Otter Wrote: Still sitting on Puts.
Of course you are, and you called it right. Got anything that might be helpful to your fellow long-term investors on a DGI forum?
Buy quality names with clean balance sheets when there is a multi-week uptrend or flat action. Not like it is going to bounce back to all-time highs overnight. You might miss out on the first few percentage points of an uptrend, but at least you won't be trying to catch a falling knife.
There's dollar cost averaging, and there's picking up pennies in front of a bulldozer. I think there is a bulldozer on the loose. Don't recall bond or oil price action like that even in 2009.
I fully intend to go long again, but don't think we are anywhere close yet. Still not officially a bear market.