You got to know when to hold’em
Know when to fold’em
Know when to walk away
Know when to run….
Well I am holding them, and you must remember my investing horizon is easily twenty years. In fact I am going ‘all in’ Warren Buffet style.
If you have been sleeping under a rock you would be surprised to know that the market is taking a hit big time, and the world’s savviest investor is buying companies like it is going out of style. Warren
Buffet has dumped billions into American Blue-chips of JP Morgan and General Electric.
What this says to me is that there are bargains galore in the stock market right now. Over the next month I will be maxing out my Roth IRA, and continuing to buy stocks and bonds in my 401k. Its so hard to watch your hard earned disappear week in week out, but you have to have the cuts to stay in. Markets go in cycles, it WILL come back.
I sm sure you have heard Buffet’s theme song. ( I never had) But it makes sense nonetheless. He states, “Be greedy when others are fearful, be fearful when others are greedy.” He certainly did that with GE