Monday, May 23, 2016

Being smart with $$ -- Buy and Hold and Ignore the Masters of Hindsight

Ten days ago everybody hated Apple.  The masters of hindsight started their hating AFTER it already fell 18% in a month. They said Apple's prospects were drying up.  Then Warren Buffet said he bought a cool billion dollars worth.  Suddenly everyone thought it was okay to buy Apple again. Today Apple's suppliers are indicating Apple's sales will by huge again.  The stock is up almost 8% since everyone started hating it.  So what's a guy or gal to do?  Buy a portfolio of good stocks, like an S&P 500 mutual fund, hold it for the long term and stop listening to the masters of hindsight.  And if you think that this message is telling you to buy a bunch of Apple then you aren't paying attention. 
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com

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