Just read this article on cnnmoney.com, and one quote really caught my eye. It’s down to earth and honest…I like that.
Let me clue you in to something: We advisers have no idea whether the bear market is nearing the end or still has a long way to go. So don’t let any adviser shift you away from a long-term strategy under the guise that he knows what’s going to do well next year. A quote I often use by Warren Buffett, “Be fearful when others are greedy and greedy when others are fearful,” particularly resonates now.
I’ve been purchasing stocks steadily over the past few weeks. I don’t know when the market is going to bottom, but I do know it’s not the top. Hey look! I wrote about personal finance. Amazing. 