Since July, whenever I purchase a stock, I could have gotten a cheaper price if I had waited a month, a week or even a couple of days. It seems that stock prices keep going lower. Either it's time to start shorting stocks, or I should be more patient.
For now, I will choose patience. So I've added two rules to my purchase strategy. First, wait until the dividend yield crosses into the next higher whole number, e.g. transition from 4% to 5% yield. Second, I will only make one stock purchase each day. This way I will limit the number of stocks that fall after I make a new purchase.
However, if the market continues to fall, I may choose to also short some stocks.
For more on Strategies and Plans, check back Mondays for a new segment.
This is not financial advice. Please consult a professional advisor.
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November Goals Update
2 weeks ago