Sweet idea man how did you know friday was buy time?
Because I got a hand full of money from selling a car!
Money doesn't last long around here, I have a tendency to let it dribble out of my pocket if I carry it around, so the sooner I get it invested, the better off I'll be.
If you mean how did I know it was time to buy some stock, we had just had two weeks of SERIOUS declines, over 500 points every day for over two weeks.
There was usually some recovery every day, down 500, 600, 700 points, then recover to close about 300 down...
Just execute the buy order when you think it's the lowest it's going to get for the day, in my case,
Last Friday was when it was 770 points down and well below 9,000 total.
The market was up this morning, so I sold and waited for it to go down again, and when it did, I bought the same stocks again, and tomorow I may sell them when it goes up 400 or 500 points, which it's bound to do...
I had been thinking the market was oversold by about 1/4, and at 11,000 or 12,000, dropping to about 8,000 isn't a disaster in my books, it's just the correction it should have to make things right.
I've been through this twice, once in '87 on 'Black Monday'
, but I was young and poor, but what little I did have went away rather quickly, and I had to wait for it to come back.
Since it was just a 'Paper Loss', the market recovered, and I did fairly well during the 90's,
The second time I smelled it coming and had nearly everything liquid,
When 'W.' stole the election in 2000, I invested heavily in oil & 'Energy' companies. (before the war),
After 9/11, when the market dove down, I bought up defense contractors.
Even dumped my Wally-World and Microsoft stock for stuff like General Dynamics stocks.
Got them at a good price when the market dropped when the village idiot took office and then started two wars, and I have been tickled pink with the returns so far.
That has proven to be quite the nest egg for my retirement.
Watching the Wall Street types bleed while I make a nickel or two has it's advantages! And it's quite entertaining too!
I had to sweat bullets for the money they stole from me in the 80's so I think of this as a little 'Payback'!
I don't want them to jump out a window,
Seeing them twitch is fun!