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Well, I buy every month rain or shine; however, if you mean to put in a big chunk at once NOW, I'd wait till the Dow drops a bit more. The 11000 range doesn't seem particularly historically low. We can do a lot worse.
Still happy about picking up GE at 13 a while back...it hasn't looked back since.
And my great-aunts bought GM when it was the largest and most successful company in the world, thinking it would be a good legacy. It was one of the few things I inherited when the last of my family died, but during Probate Obama decided to sacrifice my family's investment and instead hand the remaining value of the company to the union that had bankrupted it.
GM is a disaster of a company, successful only because it pays Obama and his cronies well to provide lots of taxpayer funding. It's a perfect example of modern Big Business and Big Government, giving financial success despite being badly managed and grossly inefficient, and failing miserably to do any job they are paid to do--while being protected by previous contract. That's on a industrial level. On a personal level, I bought a very expensive GE refrigerator and it lasted 4 years before having a failure that would have cost more than a new fridge to fix. Never again.
If just once in my life Government gives me a penny back, after robbing me of most of what I earn and much of what I have, I'll probably die of a heart attack on the spot. The only thing good about the gross overspending of government, is that it will end soon--albeit in total economic collapse. Let's make sure Big Government dies in the bonfire it makes of our nation and its economy, since it should not be allowed to destroy us again.
I'm starting to buy, but routinely do every 4-6 months.
I more or less do the same thing as well. My only problem is that I did my buy about a month ago, doh! Everyone was talking about a correction a few months back and now it seems to be happening with debt fears. But now everyone seems scared once again. I know I sure was not expecting such a dip after the debt deal was signed.
Lost 500, I don't remember such a huge one day drop since 2008-09
Officially, my portfolio is 40% down right now, given that some of it is uranium. But I believe the DOW will lose another 1000 in the next month or so.
I am accumulating money right now and by end of September, I should be ready for a massive buy.
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