### Pullback Coming! already ended maybe ? Will You Shop on Sale?
The recent semi plunge has led to a broader market decline, raising questions about whether this is a healthy pullback or the beginning of a more significant correction. Here's my take on the situation and my recent actions. $Invesco NASDAQ 100 ETF(QQQM)$
Yesterday, I seized the opportunity to buy QQQM at $199 and $200. The dip in the tech-heavy Nasdaq 100 ETF provided a perfect chance to add to my position. QQQM includes many tech and chip stocks, which are integral to the ongoing digital transformation and innovation trends. I believe this pullback is a healthy one, not the start of a major correction. It allows long-term investors like myself to buy quality stocks at lower prices.
Regarding Amazon, I took profits at $198 recently and bought back in at $189. My strategy with Amazon has been to sell at new highs and buy back at about 5% lower. This approach allows me to capitalize on the stock's volatility while maintaining a long-term position in a company I believe in. Amazon's dominant position in e-commerce, cloud computing, and digital advertising makes it a strong hold for the future$Amazon.com(AMZN)$
Taking profits and buying back lower isn't just a tactic for Amazon; it's a broader strategy I apply to my portfolio. By selling at new highs, I lock in gains and reduce risk. When the market dips, I buy back quality stocks at lower prices, effectively increasing my holdings without increasing my initial investment. This method helps manage market fluctuations and enhances long-term returns.
I view the current market pullback as a chance to reinforce my positions in tech stocks. The fundamentals of companies like Amazon and those within QQQM remain strong. While market corrections can be unsettling, they are part and parcel of the investing landscape. By staying disciplined and focusing on long-term growth, I'm confident in my strategy and look forward to future gains.
In conclusion, this pullback is an opportunity to shop on sale, reinforce your positions, and stay committed to your investment strategy.
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