I expect that a correction will happen soon due to the revived European sovereign debt crisis and the upcoming U.S. debt limit increase debate. I plan to buy into this correction, choosing strong stocks that will rebound after the correction. I will add to current positions, especially if I have sold some shares at higher prices. I will also buy small stock positions since my trades are currently commission free. In addition, I will buy some commission free ETFs that I've been tracking.
For now, I expect the correction to be short and shallow. However, by purchasing only small positions, I will be hedging against the possibility that this will be longer deeper correction.
For more on Strategies and Plans, check back every Monday for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2013 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
November Goals Update
4 days ago
No comments:
Post a Comment