Quote:
Originally Posted by raab
Yep, but you don't want to catch a falling knife. Learned that lesson the hard way. Good thing is I keep my debt level low, and dont borrow for stocks. A lot of guys borrow and get caught and it wrecks them financially. Warren Buffett gave the secret to being a good investor and no one listened. Buy good businesses, at a good price. Pretty simple.
|
You got it! Why anyone thinks that things are better this week than last has me scratching my head???? I don't believe that there will be any meaningful turn around until they have Covid 19 somewhat under control. I'm not heading out and selling anything, but I would be if I had borrowed to buy it in the first place. I'm thinking this epidemic will wipe out a lot of businesses as well as individuals that are in debt...especially if that debt is for something like investing in the stock market.