I was going to send you an email last week but I had to go for surgery and by the time I got home, I was wiped. Yep really (WIPED).
(Just day surgery nothing to worry about, I plan to be here to take care of you for years to come!!!)
Well…
…the markets are still extremely volatile right now. Which is good for aggressive investors, because they like to buy when the markets dip and things are “on sale”.
But…
For someone like me that is a “buy and hold it type”, that little voice inside my head that is screaming “sell, Sell, SELL!!!!!!!!!” can be really difficult to silence.
Because I know better.
Now is the time to buy, not sell…
There is this guy, his name is Warren Buffet, and he has a few bucks more than me (actually he has a lot of bucks more than me) so I am going to continue to follow his advice:
Buy value and hold on to it. 😀
Here’s my advice (that I follow myself)
1) If you’re currently invested, stay invested. “DO NOT SELL RIGHT NOW”
2) Buy more if you can, because a lot of investments are ON SALE
3) Make sure you are paying attention to your discretionary spending – now is not the time to buy that used Ferrari you have been drooling over!
When times get rough, the people that get hurt the most are the ones that do not exercise discipline and make their decisions based on the “news of the day”.
People that have a plan and stick to it with only minor course corrections always do better.
If you think you might need to make some adjustments, give me a call.
Happy Canada Day! (we are still the greatest country in the world)
Tanya
(I got married on Canada Day too)