10-31-2018, 10:28 AM
(10-31-2018, 10:01 AM)DividendGarden Wrote: Added to OXY, also. Tempted to save cash for a while. I feel like the overall market is going to come down. I don't want to get into "timing the market", but it's tempting me. Anyone else struggle with that?
Yes, but am of the opinion that there is always value somewhere. There are unloved stocks or sectors in just about every bull market. I do keep an emergency fund, but am not overly concerned with having a large cash stockpile sitting nearby for a big 2008-style crash. That scale of market draw-down is exceedingly rare, and statistically time in the market wins out over trying to time it.
I just try to find stocks that fit my valuation criteria at the time of purchase, and then let them work for me. Sometimes the price goes up after I buy, sometimes down, but the general trend for dividends has been upwards for my portfolio. I try to ignore share price after a purchase, unless I am considering purchasing more shares.
I recall it being a lot harder to find decently-valued DGI stocks at the end of 2017 than at present. Some pretty decent prices out there on consumer staples stocks, which were high-flyers valuation-wise for most of 2017. They will also be relatively defensive in the next downturn, whenever that may be.