So you logged into your stock trading account and saw your balance take a good hit today or you checked your 401K and had that panic feeling of what do I do now? Fuck!
In your 401K you aren't going to do a damn thing but enjoy having your contributions/match pick up shares in the funds you are in at a lower price and when the market goes back up, you'll get the money back you lost and make a tidy profit on the shares you picked up at a cheaper rate.
So don't panic and if you need to fuck, do it with your wife, neighbor or whoever else you do it with.
Now for those that have an account where you can buy/sell individual stocks, you really should be licking your chops at the buying opportunities you have in front of you.
A few positions I initiated today were RAD and MU. Companies that until recent history have simply been losers. They didn't show profits in forever and their stock price reflected this.
Initiated RAD @ $2.81 and MU at $14.45. Will look to get out of RAD at $3.10 and take a 10% gain and with MU looking at about $16.50 - $17.
Let's say these aren't for you. Then I would suggest, T, MO, CSCO, IP and buy ORCL on the dip after the earnings disappointment.
Don't go into bonds, mutual funds or any index funds. Too dicey and not worth the hassle and fees involved.
The market may have another day like today on Friday. Triple Witching and more fear/panic selling.
Stay the course and buy on the cheap, don't be scared and make the most of this opportunity because in the end this market is going to move a lot higher.
If you've ever read any of my replies on Facebook and other stocks, I've been pretty much spot on and while past performances isn't an indicator of future performance, I'd say you won't go wrong following my advice here.
Mods please don't move this to the stock area, it will just end up in the wasteland of that area.
In your 401K you aren't going to do a damn thing but enjoy having your contributions/match pick up shares in the funds you are in at a lower price and when the market goes back up, you'll get the money back you lost and make a tidy profit on the shares you picked up at a cheaper rate.
So don't panic and if you need to fuck, do it with your wife, neighbor or whoever else you do it with.
Now for those that have an account where you can buy/sell individual stocks, you really should be licking your chops at the buying opportunities you have in front of you.
A few positions I initiated today were RAD and MU. Companies that until recent history have simply been losers. They didn't show profits in forever and their stock price reflected this.
Initiated RAD @ $2.81 and MU at $14.45. Will look to get out of RAD at $3.10 and take a 10% gain and with MU looking at about $16.50 - $17.
Let's say these aren't for you. Then I would suggest, T, MO, CSCO, IP and buy ORCL on the dip after the earnings disappointment.
Don't go into bonds, mutual funds or any index funds. Too dicey and not worth the hassle and fees involved.
The market may have another day like today on Friday. Triple Witching and more fear/panic selling.
Stay the course and buy on the cheap, don't be scared and make the most of this opportunity because in the end this market is going to move a lot higher.
If you've ever read any of my replies on Facebook and other stocks, I've been pretty much spot on and while past performances isn't an indicator of future performance, I'd say you won't go wrong following my advice here.
Mods please don't move this to the stock area, it will just end up in the wasteland of that area.
hilarious . Anyone who proclaims to know what's in store next is a fool. At mercy, just doesn't know it, a good thing for some
