Vulture Investing With Leucadia National
The stock market has been in a steady downtrend these past few weeks, and we have approached the 10% level that indicates the possibility of an inventory creation event. My approach to the markets, and especially my time frame, allow me the comfort of viewing market declines positive events. Although my account may experience losses, I view these time periods a chance to buy more assets and decent businesses at a cheap price.
As long as I am confident that the stocks I own are safe and cheap, I don't care much about what the market does over the five to 10 years that I intend to own them. If things get too richly priced, I will sell them. If they decline and become cheap, I will buy them. In the interim, I will search for other stocks that fit my criteria or offer a high risk/reward. Oddly enough, this approach of buying low and selling high seems to work as well as (if not better than) most of the complex trading strategies I have run across over the years....350 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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