View Single Post
  #2630  
Old 09-01-2022, 07:20 AM
Dean2's Avatar
Dean2 Dean2 is offline
 
Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,051
Default

September is historically a time when stocks perform poorly, usually a good time to be looking for deals. That said, ANY stock that does not have solid earnings, low debt, quality management etc is going to be in BIG trouble the next couple of years. Bed Bath and Beware is getting hammered and their stock price is still artificially supported by the Legions of MEM stock investors whoi do not yet seem to have learned their lessons.

If you can find top quality stocks selling at or just above their Feb 2020 prices, those will be an excellent deal, but there are darn few of them to pick from. Most top quality stocks are still well above their Feb 2020 highs. Any stock below their Feb 2020 highs needs to have a real detailed look and dive done on them to see if they should still be in the portfolio.

I know I keep harping on this but times are volatile and rapidly increasing interest rates that will be around for a long time, high inflation and a good chance of recession means portfolio balance needs to be looked at. If you have not talked to your investment advisor in the past 4 or 5 months, you should really be looking at replacing them, you aren't getting value for the money you are paying.


Last edited by Dean2; 09-01-2022 at 07:41 AM.
Reply With Quote