02-26-2020, 10:55 AM
(02-26-2020, 09:20 AM)ChadR Wrote: Good post Fenders. What I learned from going through the dotcom crash and the housing bubble crash was to buy quality stocks (reasonably priced) and to ignore the noise. Yes I do have some junk stocks in my portfolio, but I keep their valuations small. While I always want to have some dry powder on hand, I always seem to find some quality stock that is reasonably priced.
Yeah it's tough to sit on cash Chad. The young shouldn't keep much. My biggest problem is my last bad idea always looks too cheap to pass up lol. I settled on 10% cash the last half of my investing career. I was contributing a lot from my paycheck so the extra cash was just there for a solid correction. I really hated coming out of the backside of the tech crash broke. I wasn't able to pick up many cheap shares. What we do when it's rough makes a big difference in our long-term performance.
Hopefully this is yet another buy the dip moment. I'll get warmed up for the big one later.
