With the stock market rallying in mid-October after a brief slump earlier in the month, investors looking for good value are griping a bit. Any downward blip is a chance to get in there and do some serious shopping, reports Bloomberg, quoting a member of BetterInvesting’s board of directors.
“I love bear markets,” Julie Werner, a 61-year-old amateur investor from Warner Robins, Ga., said to Bloomberg.
“Unfortunately, stocks’ biggest declines were on Oct. 15 when she was two hours away in Atlanta, shopping and visiting friends and family,” the article notes.
“All day (I was) really regretting I wasn’t at home to put some buys in,” Werner told Bloomberg. She did manage to add to her portfolio a few days later, but the markets were recovering.
BetterInvesting investors are long-term investors who welcome the opportunity to snap up favorite stocks at favorable prices.
Says Bloomberg: “Regular investors, especially those saving for retirement, have an advantage over the professionals. It’s not rocket science: They can afford to be patient. By buying in good times and bad, they benefit from gradually rising markets. And it’s the bad times that deliver the most oomph to their portfolios. By buying extra when stocks drop — as Werner did in 2008 and 2009 — they’re following the advice of a dozen Warren Buffett quotes, like: ‘Be fearful when others are greedy, and greedy when others are fearful.’”
And hunt for treasure when others are huddling on the couch, or something like that. …
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was borne out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks and mutual funds, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting , visit its website at www.betterinvesting.org or call toll free (877) 275-6242.