(08-05-2019, 02:42 PM)divmenow Wrote: Buy quality on days like this. I added to MSFT, MA, and PEP. Not much just a little. Don't buy all at once.That's good advice. We've been talking about over priced equities for some time now because it's true. Don't talk yourself into thinking some high flyer that pulled back 15% is somehow a deal you need to rush into.
I did everything I could to make this sting less. I've been selling small amounts every week or two for quite some time. Almost all my new purchases have been fairly defensive like pharma, Utes and oil. Sold covered calls calls against 26 of 27 positions. They will expire worthless and I'll do it again. All that and I still "lost" a fair amount of money the past few weeks.
Buffet's right, "Don't lose money" is rule #1. He also says to stay invested and don't time the market. He's a very confusing fellow lol.
