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thar she goes (down)

September 23rd, 2011 at 03:05 am

The stock market that is. Time to monitor my stocks closely because if they pay dividends, and they keep paying dividends, buy 'em cheap.

One does have to ignore that my holdings (403B, etc) have dropped some, marshall the money I have to invest, and wait until my stocks drop below my target price.

Taking the analogy of "buy when there's blood in the streets", its like cleaning my gun while not dwelling on my own bleeding as I lie in wait in the sniper nest.

I have to remember that in March 2009, I bought great stuff - International Paper at $4/share, 3M at $45/share, Coke at $40/share. Most of my holdings pay enough of a dividend to buy an extra share/quarter.

6 Responses to “thar she goes (down)”

  1. Shiela Says:

    I'm with you on buying cheap, good quality cheap stocks.
    I'm definitely buying stocks right now with reasonable dividend yield %, not too high or too low.

  2. ceejay74 Says:

    I know this is good and I'll be getting more for my money in my 401k and IRA. But I'm sort of wishing I didn't update my net worth about this time each month; I think I'll be doing it tomorrow and I think it'll suck. :-/

  3. MonkeyMama Says:

    I figured I'd be buying some mutual funds today. Big Grin

    Of course, I have 30+ years to retirement, so I just get happy when stocks go down and I Can buy low. Give me 20 years - I won't be so excited on these type days.

  4. PauletteGoddard Says:

    I was surprised to see the Canadian dollar below the US yesterday. Pondering buying gold on the dip.

  5. baselle Says:

    Yep, I update my 403B quarterly (not publically here). 3Q ends next Friday. Not looking forward to that, I think it will suck also.

    Silver's nice and pricey also - check for those silver dimes in your change .... I found one on the sidewalk about two weeks ago. If you are observant, no need to buy when you can pick up.

  6. FrugalTexan75 Says:

    Have you looked into Tesla stock?

    My uncle (CA) has convinced all (and I do mean all) of my dad's family to invest big time in Tesla. I invested some too (not near as much as some family members - percentage of assets or dollar value wise.)

    My uncle is predicting that the stock will split ten times by December or perhaps January. I do tend to think he's got a good idea, due to his many previous successful stock ventures. Though I'm not quite willing to go "all in" as have at least two of my family members have done.

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