Agree w/Clownbuck about those days (daze).
Then as now, I remain fully invested. Late '08-'09 I reduced my 100% equity risk by moving from some equity positions into bond etfs and also into some preferred stocks. The preferreds were those that were mentioned/recommended by others on this thread at the time.
I again followed some others here and sold almost all those preferreds as the market recovered; I have kept all the bond etfs.
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As I look back at the stocks I bought during that time, I seem to have bought the stocks that looked attractive to me based on my value criteria. These seem to have been 2nd or 3rd tier stocks. In retrospect, maybe I should have stepped up for more 1st tier stocks (e.g. MCD,PG), because these were beat down as well, and buys then could provide a basis for long-term buy-and-hold. (Whereas the value stocks were sold if they just recovered in price.)
I seem to be in the same mode now as then: I continue to buy small e&p companies which have downtrodden stock prices, and which appeal to me. VOG is one discussed here that keeps falling to new lows. I'm buying more of such dink companies -- some days for some of these, I am the only buyer of shares. I do scan the low list, and if/when I see some of the S&P 500 there, this time, I'll consider such more carefully.
The main thing for me is that I am trying to not let a low stock price or a falling stock price determine my SELL decision. |
