Thread: Investing 102
View Single Post
  #6276  
Old 05-29-2020, 08:28 PM
JKnight JKnight is offline
Lateral-g Supporting Member
 
Join Date: Nov 2008
Location: Phoenix, AZ
Posts: 738
Thanks: 10
Thanked 55 Times in 35 Posts
Default

I was bound and determined to take advantage of this Covid19 pullback in the market, since I was laid off and had no cash to spare during the 2008 recession. I threw what I could into a Blue Chip mutual fund in late March and am up 25% so far. Wish it could have been a larger purchase but I consider it a moral victory. Figuring I’ll take some profit to pay for the bathroom remodel I’m doing and keep maxing out my 401k contributions. Luckily my job is safe this go-round, so I’ll be a buyer no matter what the next few months might bring.

Agreed that dividend stocks aren’t quite as attractive in this environment. Nobody is hesitating to cut their dividend like they were when Greg was extolling the virtues of dividend hunting.
__________________
Jeff: Project "Rolling Mockup" 69 Camaro SS, AFX, TKO600, Baer GT, etc
Reply With Quote