09-18-2021, 09:38 AM
(09-18-2021, 08:54 AM)fenders53 Wrote: The forum has some difference of opinion on what constitutes a deal on stocks. I need a little more inspiration than a 3% off sale on stocks that doubled in a year or two. This is just another sector rotation so far. If big tech would pull back we could proceed with a more normal market. There are values to be had though. I'm just fat on those sectors already
My strategy has remained simple, no matter how often I try to complicate it.
PATIENCE is the key.
Research and establish the stocks one would like in their portfolio. For me that requires that they are Dividend Champions.
10% drop from a previous all time high, buy a 1/2 position.
20% drop make it a full position.
DONE with that stock, let it ride.
I know, I know...what about a GE falling into your lap. For every GE, you will have 5-6 BIG long term winners.