Monday, March 17, 2008

Do you have the minerals?

So the market has turned sour, people are screaming recession, the housing and financial industries are have been reduced to rubble, stocks are being sold off and companies are being consolidated for pennies (e.g. BSC). Yes, my portfolio has been equally punished, but to tell you the truth, I've been trying to ignore it entirely. No doubt, I've been pulling my hair out watching every position in my portfolio turn blood red, including my blue-chip Roth IRA positions!

Let there be blood.

And buy more! History has shown us that the U.S. Market has rebounded from each and every dip. It may have taken almost a year or so, but eventually it has turned itself around.

“The key is to be greedy when others are fearful and fearful when others are greedy.” - Warren Buffett

Keep a sharp eye on your watchlist and your Tums handy while you try to stomach the upcoming turmoil!