Here are a few things you could do, if you are so
inclined. Actually, these are just some things I am doing-- do not take this as
me giving you financial advice-- just passing on information.
--Dollar Cost Average by buying stock for cheap.
I know, people are scared of the stock market right now, and it definitely is
not the place for you if you can't afford to keep your money in there for the
long term. But, for stocks you already own, this might be a good time to get
your Dollar Cost Average down by buying some more of it while it's cheap. Right
now I'm reviewing my portfolio to see if there's anything I bought in 2005 that
I can supplement, and I'm focusing mainly on concrete things like consumer
staples and energy, just because I think those things are going to keep being
used in the future. To answer your next question, no, I am not applying this
philosophy to financial institution stock-- I have some of that I'm holding, and
for now that's all I'm doing with it. If you want to learn more about stocks,
I would highly encourage you to visit the Motley Fool's excellent "Fool's
School," which is where I started my investment knowledge journey.
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