Quote:
Originally Posted by captainofiron
I have a pretty significant chunk of my portfolio in Lowes, and today they missed so they are down ~$5
I have a reasonable chunk of cash sitting (from being an idiot and not using the dividends reinvestment option), but I am really nervous about putting money into them on a dip, given that it has kicked me down hard when I did this the past couple years with COP and STX
Any thoughts?
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The very best time to buy is when the market is DOWN not UP.
Having said that --- even when you have a bucket of money --- it's hard to follow this simple advice. I get it.
Whenever you get nervous..... GO TO THE CHARTS!!! Stretch 'em out ---- DO YOU NOT SEE THAT THEY'RE LOWER ON THE LEFT SIDE AND HIGHER ON THE RIGHT??
Now -- be a smart guy and pull up a comparo chart of Home Depot (HD) and Lowe's (LOW).... Personally I've always liked HD better. Lowe's - to me - is too "Chinese imports for the housewife" kind of a store.
How many years do you have before you actually retire --- and then --- wait for it --- how many years do you plan to live after retirement?? My guess is - no matter how many dips the market takes - it'll be higher in the long run.