- High confidence
- Lopsided Bullishness
- Hind sight blindness
The only reason to sell a stock is because you want to buy another more attractive stock. After the 1987 crash Warren Buffett bought coke. In 2008 was the time to buy US banks. Return on Bank of America was 450% and on Citibank was 384%.
Why would you use DRIPs? There are no brokerage fees. You can accumulate more shares as the market drops. However, companies are forbidden to advertise DRIPs.
In market crashes think long term. Do not panic. Keep calm and buy stocks you have always wanted to buy.
On my other blog I am today writing about Encana Corp. (TSX-ECA, NYSE-ECA) ... continue ...
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
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