It's been a tough period for investors this year. One moment we thought June was the bottom, the next moment September/ October hits. Just as when we thought the worse is over (when November CPI came in lower than expected and the Fed decided to slow the rate of hike), markets still continue to tumble.
For the month of November and December, I have been adding more of $Alphabet(GOOGL)$
The most painful investments so far would be Tesla as I have bought even more at $185, $180, $175, $170, $160, $155. Yet, the share price is still dropping. My avaerage price is still relatively high at $220 but I am not too worried about it.
As a long term investor, we have to always focus on fundamentals. Key questions to ask would be:
1) Is the company still making money and growing?If yes, nothing to worry about.
2) Is there any major change to the services/ products offered and if the change is for good or worse? If change is for good and helping the company togrow and make more money, nothing to worry about.
3) Is there any fraud or legal issues that the company is facing? If there are no serious issues, nothingto worry about.
We should look far ahead, 5-10 years down. Most money were made during bear market. Whenever market crashes, we should take this opportunity to add on more quality names. Remember, time in market beats timing the market. Keep calm and stay invested!
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