The markets have been in a complete freefall over the past few weeks. The likely culprit is Trump’s mishandling of the Covid-19 (aka Coronavirus) response and overinflated prices. Who knows what is the real market contagion here but I think it’s time to make a shopping list.
With free falls in some of my favorite holdings (MSFT and AAPL), I can’t but help think it might be time to add to these long term holdings and buy more stuff like ETF’s and Mutual Funds. This is not for speculation but for long term investing so my choices will be based on what I think will do well over the next 5 to 10 years.
I gave up market timing years ago so I’m still on the sidelines. The old adage of “never catch a falling knife” is good wisdom in times like this. The only way you enter the market bottom is through luck.
A buying opportunity of a lifetime is looming on the horizon.
From around the Social Web!