The March stock market decline was so fast that I wasn't ready with buy list. I was expecting the downturn to last a few months and give me time to choose some good buys. I learned my lesson. The next time a rapid decline happens, I will have a list of stocks and etfs ready for purchasing. I will be looking at good dividend paying stocks, specific growth stocks, and index etfs. I will minimize selections of energy and value stocks. I will overweight FAANG and other high tech growth stocks.
Full disclosure: We own AAPL, NFLX, and GOOG in our personal accounts. We own FB and AMZN through our managed accounts.
For more on The Practice of Personal Finance, check back Wednesdaysfor a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2020 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
August Income $1800.61
1 week ago
No comments:
Post a Comment