Dear readers, amidst the recent stock market corrections, I have been loading up some stocks which are trading at discounted prices.
Prior to the recent stock market corrections, I have been looking out for some Reits and Business Trusts that are fundamentally sound and trading at attractive price proposition.
The recent stock market corrections present just the right opportunity for me to load up on these stocks.
It is inevitable that my entry price does not always dovetail with the lowest that these stock trade on the days of my purchase.
But this is okay for it is not easy to buy a stock at its lowest. What is enough for me is to buy stock at ONE of its lowest price.
The tariffs saga is far from over and hence there should be more volatilities in the stock markets to come. That means prices of some of the stocks which I have been loading up may end up cheaper then.
But neither am I in the business of timing the stock markets. In fact, market timing is not a good strategy. What we can do is to buy fundamentally stocks at a discount and when we do so, we enter our investment via several tranches.
While we can be Greedy when others are Fearful when it comes to stock markets development. We must also ensure that we do not “catch a falling knife” when prices are coming down.