"Patience is a virtue." ~ old adage
I'm waiting for the other shoe to drop before making any significant equity purchases. I expect the market indices to test or go to new lows, before rebounding to new highs. So I have been selling into this rally. (Full disclosure: We are still down because I began purchasing peripheral shares long before the bottom.)
Today, I started nibbling at a few stock that were getting close to, but not at their March bottom. These included: NNN, T, and COTY. I expect the stocks will go lower in the coming weeks, but I couldn't resist making a purchase of one share of each, since the commissions are now $0.
I will scale in and buy more of these shares, and others, if the market continues to drop.
Full disclosure: We own shares of NNN, T and COTY.
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This is not financial advice. Please consult a professional advisor.
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