Earlier this week, I wrote that I had not yet purchased two the stocks on my buy list, Terex (TEX) and Potash (POT), and would be waiting for a buying opportunity. While it appeared the market would keep rising, the last two days have created an opportunity with a 200+ point drop in the DOW and a 21 point drop in the S&P 500.
At this point, I do not think this is the beginning of a major decline. I will be looking to make initial purchases of both TEX and POT. However, I may be conservative and only purchase a portion of my desired amount, in case there is a further drop in the market.
For more on The Practice of Personal Finance , check back every Wednesday for a new segment.
Photo Credit: morgueFile.com, Stuart Whitmore
At this point, I do not think this is the beginning of a major decline. I will be looking to make initial purchases of both TEX and POT. However, I may be conservative and only purchase a portion of my desired amount, in case there is a further drop in the market.
For more on The Practice of Personal Finance , check back every Wednesday for a new segment.
Photo Credit: morgueFile.com, Stuart Whitmore
This is not financial or investment advice. Please consult a professional advisor.
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