What I Am Buying Today.

[fenders53]

(02-25-2022, 02:06 PM)poneyboy Wrote:

(02-25-2022, 10:52 AM)fenders53 Wrote:

(02-25-2022, 10:39 AM)poneyboy Wrote: Deposited 6k in my Etrade and bought FL, CMI and CAT

Thought you cashed out?  

Just messing with you, but almost everybody that "quits" comes back and posts some new buys a few weeks later.  That's a good thing. 

Guess I better get to town for a new phone before the market pukes and makes me sad I can't buy.

No I actually posted a few weeks ago on my new buys,

I'm a rookie but where else am I going to put my money. The bank 

So I see a lot of names are bouncing off 52 week lows. Any you recommend?

I like AOS, and FL so far and pay dividends.

What about MSFT, APD, FDX?

Best advice I have is move into stocks gradually, and stick with some of the quality names like you listed.  Definitely average in.  My crystal ball says the bottom occurs by APR, but it's been wrong before.  I am avoiding most falling knives until they truly look like the sellers are exhausted.  Just because a stock is at it's 52 week low doesn't make it fairly valued in a normal market, if normal even exists in our near future.  PYPL is a good example.  Great company but never worth anything like $300.  Investors thought they were stealing it at $200. Is PYPL a good deal around $100?  I think it probably is.  How long did it take to get from $300 to $100. It was at a 52 week low for much of the journey.

The goal here is to not end up with 25-50% of your port in stocks that are years away from ever breaking even for you.  Trust me that isn't any fun to endure.  Could MSFT, FDX, TROW or TGT go lower?  Of course they can, but six months from now you won't be wondering if they are going out of business.