05-13-2022, 05:14 AM
(05-13-2022, 04:42 AM)fenders53 Wrote:(05-12-2022, 05:22 AM)rayray Wrote: idk--i'd say we're not at the bottom but at this point? might as well go at it imhoI agree, as long as you avoid loading on on the same trash that bit you in the first place. I see new investors making the same mistake I did in 2000. Trying to catch the knife on stocks down 50%+ because it looks like a better deal than quality stocks down much less. Unfortunately too much of the trash never recovers or gets acquired for a small fraction of it's previous high. A long way if saying if you failed to sell spec stocks when you should have, just ignore them if you don't want to sell them now. Luckily I sold mine while profitable. Not because I am brilliant, but because I knew I paid too much and was simply scared to hold them for long.
say we go another 10 or 15% or hover in and around a certain spot for a while, accumulation is key--my experience has taught me close enough to the bottom is good enough, and it doesn't take as much as you think to turn a little money into good to great gains in time
that's absolutely true, now is the time to acquire quality, a great time
the one thing i'm not sold on is with higher interest rates, the worse it is for tech--i believe no matter where the rates settle at, tech with loads of cash are a lot better buys at the moment--innovative companies with the ability of making loads of cash are good to great investments imho
BUT--i'm talking about companies that have the ability to MAKE A LOT OF CASH
i'm a big fan of google, amazon, apple and to a certain degree facebook--i think facebook will figure it out