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.
Copyright © 2015 Achievement Catalyst, LLC
No comments:
Post a Comment
Comment guidelines: My Wealth Builder will publish comments that are about the topic and do not contain inappropriate language. My Wealth Builder reserves the right to edit or delete comments for any reason which includes those that have advertising (either for a product, website, or blog), contain inappropriate language or are not about the topic.