Investing 102

[So Cal Camaro]

Originally Posted by GregWeld

Yeah -- I shoulda kept my big yap shut! Actually I've done real well... but this oil dropping like a rock is either a blessing or a curse. We just don't know yet.


This is why we always have to keep our eye on the FUTURE - not this week or next month. We have to say - where do I need to be 15 years from now.... for many - even way longer!


Interesting statistic I heard today --- there were FOUR stocks that accounted for the DOW being down over 80 points. I've written about this earlier... that there is a weighted average... and some days it appears to be a blood bath - and you open your account and didn't do all that bad. Right now I own too much of the oil complex and it's not helping me one bit. LOL

You have to be confident in your selections are solid companies with good management/financials to stay in and buy more at a discount...I own Conoco and Exxon for a very long time, buying more as the dip continues...look to the companies that are dependant on oil/gas to operate for the pop in those stocks, airlines, UPS/Fedex will improve with lower fuel costs...open your eyes and you will see lots of opportunity to get into good companies when volatility comes around...

[SSLance]

Mr Market's response today should be interesting... I'm looking to buy this dip as well but the oil stocks drawbacks are typically a bit longer lived so there shouldn't be any hurry to start tip toeing in.

I have a feeling the retail stocks are going to do well this quarter. We've been busy shipping a lot of Christmas presents here and the mood from the customers this year so far seems pretty joyful.