10-27-2014, 02:36 AM
(10-23-2014, 02:10 PM)Kerim Wrote:(10-23-2014, 09:24 AM)EricL Wrote: In my opinion, you will be building and adding to this portfolio over many years, so as you do there will be different sectors that rise and fall with the world economy. If a sector is giving you a sale on a stock and you like the company, I wouldn't be concerned about being too exposed at this point.
..... with new money coming in monthly and many more purchases ahead of you, buy what deals the market is giving you now and worry about diversification later.
This! Could not agree more.
Excellent advice. You never know when Mr Market is going to offer a bargain or what that bargain might be. However, you don't want to be without a written plan that includes the criteria you will use to identify bargains. With a plan, you will not be forced to make spur of the moment decisions that might not be well thought out or that you might not stick with. This is one more reason to write that plan, if you have not already done so.