Quote:
Originally Posted by SSLance
I noticed the same thing, this is what I'm really starting to like about dividend Growth investing...
Of the 4 I bought yesterday morning, 2 ended up for the day, the other 2 down a bit. Overall the account was up a half a point.
I'm shopping yet again this morning. It's real hard to not be tempted to get too greedy with oil stocks right now.
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Well --- so here's something everyone needs to guard against -- and that's the opposite of FEAR -- it's GREED. We've had such fabulous market conditions for so long now - we've forgotten about real fear... and we just "ASSume" it's going straight back up. That can come back to bite people. We should never FEAR the market given what we should be invested in... but we should RESPECT the market. We don't control it - we're just along for the ride. There's so many old adages -- like Pigs get fat - hogs get slaughtered... etc. And these all ring true!! They're age old -- they're factual... and they're time tested.
So for those of you that are fearless --- remember these things. Scale in -- tip toe in -- don't go buying whole hog - and don't buy stuff you don't really understand -- "just because it's on sale". You'll end up with scratchy pants if you didn't know they were notoriously scratchy which is why the store put the on sale!! Yeah they looked great... yeah they're on sale half price. But buy ONE pair -- not a pair in every color! LOL
In the meantime -- I've made an absolute killing in the last two days. That doesn't mean I'll get to hold on to the gains... and I bought some stuff really well. But that's all that means -- is that I bought some stuff well. It could turn around in one day and I'd be bleeding in the streets. It's okay - I've been there many times. I'm still living to talk about it. :>)