Lions and friends…
If you are like me and you like to own stock in companies which pay a dividend, then do this…
ONLY BUY STOCK IN COMPANIES WHICH YOU WANT TO HOLD/OWN LONG TERM.
Hypothetically… Lets say you are buying stock in a company you like long term which is trading at $99 a share. Then, for whatever reason, the stock falls 20%… Now with everything else being equal, wouldn’t you really like to own shares in that company at an even lower price? Yes you would.
I NEVER buy stock in companies which are trading higher, OR LOWER, based on nonsensical social speculation. I EXCLUSIVELY buy stock in companies which I want to own for the long run, and which pay me a dividend- let these companies PAY YOU to own their stock.
GM
Are you leaning towards a 20% correction?
Awesome thanks!