We get 3-4 opportunities like this in a lifetime. Stocks are 20-30% off highs, and will likely retreat another 10-20%. What strategies are you deploying to take advantage of this opportunity?
I’m half smart and half lucky with my current 401K position. I went half bond half cash stable fund about 6 weeks ago. Im down less than 1% through this sell off. I plan to start metering back into stock funds 10-20% per week very soon. Potentially next week depending on news releases this week.
My fidelity account. I started building my positions last week, and plan to continue buying to lower my cost basis as we work through this sell off. I’m buying Disney, Delta, American Air, Royal Caribbean (I like to always carry a high risk/high reward stock, this is my one currently), Martin Marietta, Vulcan Materials, Kinder Morgan, Caterpillar, Microsoft.
I’d like to know what people think about the banks. Which you prefer and why.
Other picks? Tesla?!?
I’m trying to take this slow, as I’ve only deployed about 30% of my cash. But with some of these deals, it’s hard to hold back. Airlines are sure bets. Trump has already told them they will not fail. People will resume flying. Want to double your money in a relatively short time frame??? 2 years and you got it.
I’m a long play guy, so I’m literally afraid of nothing at this point.
What’s your game plan?!?!