What I Am Buying Today.

[fenders53]

(02-21-2022, 04:58 PM)MrFortune Wrote: One thing is certain. Know one knows where the market is headed tomorrow, the next day or 6 or 12 months from now. So what I'm doing is, I'm not adding any new names. I'm just adding to the names I already own. I add 1 or 2 shares on 10-20 + dips. No tech names or anything with a PE over 30. That's my philosophy going forward.

I believe what others on the board do. Add to you oil, gold, banks, Insurers ect. These are the names that will do well over the coarse of interest rate hikes.

To me oil has a lot more room to run. Gold seems to be on a bull run as well of late.

I hear all these people say buy because these companies are now lower then there pandemic lows. That has not worked the past 6 weeks lol

Did you say six weeks?  That's a pretty short game for an investor.

I will do what I do when there is doubt, just add a few shares where I see longterm value.   Any sector I wish.  If it was as easy as buying up the list that is projected  to run up, then the institutions would have ran them way up weeks ago.

I hate war but we can't stop it.  The US is weary after two decades of occupying foreign lands and sending our sons and daughters on six deployments.  This will be a new cold war that lasts a long time.

For now I will treat this like an economic trade war.  Some sanctions will sound good, and some will have unintended consequences in a few months. Just like any other attempt to interfere with free trade, it's never straight forward. As Bankerboy said; cash and patience. I won't sit on my hands predicting crashes. Those come when they come.