The market has not been on a rollercoaster lately, it is just freefall!
The 30% dip: A challenge or an opportunity?
Some of my assets are down 30%. Just look at Hive and Leo!! Very concerned and also intrigued. On one hand, seeing those red numbers isn't fun. But on the other, I can't help but wonder: is this a chance to double down?
But no. No more cryptos. I have enough. I need to diversify.
I'm seriously considering buying more of these beaten-down US stocks. The old "be greedy when others are fearful" adage keeps ringing in my ears. But I'm not jumping in blindly. For eac stock, I'm (telling myself to) asking myself:
- Is this going to be the 100 baggers?
- If I liked it at the higher price, shouldn't I love it at this discount?
- Can I stomach even more volatility if the stock continues to drop?
I'm leaning towards making some selective purchases, but I'm being extra cautious about which stocks make the cut.
I'm eyeing what I call "cheap but good" stocks – companies with strong fundamentals that the market seems to be undervaluing. It feels a bit like treasure hunting. I'm not going all-in, but I'm considering allocating a portion of my portfolio to these potential gems.
What's your take?
I think this is my way of getting distracted with being a brand new investor once again, instead of brooding over losses. Maybe this is the chance to diversify.
Remember, I'm just sharing my thoughts and potential plans here, not giving financial advice. We're all on this journey of financial discovery together, trying to figure out what works best for us individually.
Posted Using InLeo Alpha