The stock market, over the past few days, have basically taken a turn for a worse. The good news is… I liquidated a lot of my positions back in July, and just sat on the money! The bad news is, the stuff I didn’t liquidate… is tanking.
While I hate to see the economy go into a free fall (we saw this waaaaay to recently just 2 years ago), I do like the opportunity to buy a bunch of stock again, at a low, and watch it climb over the following year.
As Warren Buffett said, “”Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.”
Anyone have any game plan for the current financial situation? Hold onto existing? Liquidate? Invest for the first time?