Featured Post

Massive Inflation of Groceries is Confirmed for Our Household

Last week, my spouse complained to me, for the first time, about how much she was spending on our groceries and how much she saved by buying...

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%.

For more on The Practice of Personal Finance, check back every Wednesday  for a new segment.

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

Copyright © 2013 Achievement Catalyst, LLC

No comments: