posted on Jun, 22 2009 @ 12:09 PM
Maybe so but at the same time I just keep having this nagging feeling in the back of my head to buy more lol.
Reason being this is how overnight millionaires are made.
You stick with a good company stock and when the investors panic you invest for pennies on the dollar quite literally in today's stock swings.
In the end you either make a good chunk of change or the dollar is worth nothing anyways so it doesn't matter you lost it all and no one will accept
the cash anyways.
I'm telling you guys it's a no lose situation. Here's what I've done and it's working like a charm.
I selected somewhat stable stocks, stocks I know if they bottom out it's pretty much the end of the dollar.
I then set a price and tell myself if this stock hits this price I'll buy whatever I can afford. I usually set the price pretty low and when it does
or if it does I buy it. Chances are by the end of the day I make money. Then I write a price down after it makes a profit saying next time it hits
this price I'll buy more. When it does I buy more and it always goes back up.
By using this method I have not lost any money to date of my total initial investments. Sure it goes up and down some days more drastic than the next
but it seems to be working out pretty well.
Considering you can get stocks right now for under 5 a share heck some under a dollar but not too sure I would invest in those dollar ones anyone can
just say aw screw it instead of going to the bar tonight I'll buy a few stocks. Best part is no hangover in the morning and you might actually be
richer than the night before.
Before I buy anything though I do major research to see why it is low. Longest I spent looking into one company was 2 weeks because it was under a
dollar too bad I didn't just get it at that price lol turned out to be a good deal but oh well.