Hold hold hold. Don’t put any money in right now unless if you’re expecting to lose over half by the closing bell.
“Don’t try to catch a falling knife” is good advice if you don’t know what you are doing. Just sit tight, some great fortunes are started in times like this.
I personally have a list of companies that I like, and I hold over decades so I almost don’t care what the price is. It’s lovely when they go on sale though.
If I were young I’d be looking for at least a few of those. Not every stock is going to fall apart here, mine are fine so far although I expect that to change as panicky flailing spreads outwards.
There are multiple strategies that are good to run at different times. Today, I would sit tight. A time will come where things seem to stabilize but prices are still down. Buy quality companies, start looking for them now.
Here’s some of my filters:
- Is this a product that people care about? People are very brand conscious about things they put into their bodies especially. Think candy and booze.
- Are people willing or able to go weeks or months without buying it?
-Does this company’s success rely on a major societal change that hasn’t been implemented before? Pass.
I never think I am connected or smart enough to outsmart the Jews, so I play a different, old fashioned game. Since I have time on my side, I don’t fuck with leverage, which makes me look dumb when line go up, but leaves me smug as shit on days like this when I don’t really have to do anything.
