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Off Topic - Presidential Election

This year's Presidential election is the toughest one I've ever voted in. My dilemma is that I don't like either of the major pa...

Wednesday, August 28, 2013

Looking for a Buying Opportunity

In the next few weeks, I expect the stock market to be very volatile.  I also expect a 10-20% decline given new uncertainty in a number of economic and political areas:  new Fed chair, Middle East instability, and bond purchase taper.   The market generally reacts in a negative manner with new uncertainties.  For example, I don't think the debt ceiling debate will have much impact on the stock market, since it has experienced that situation before in 2011.

Although it will be painful, I plan to put 10% of our cash back into equities when the market has declined 20%.

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This is not financial or investing advice. Please consult a professional advisor.

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