As the world stock markets fall, we are beginning so see value plays emerge.
I am slowly averging down on stocks using Stash to buy partial shares daily. I buy large players from the financial industry and ETFs for sectors which have been impacted.
Using this method, I can buy on the downward slope and gradually average my cost-basis down. I know we stand a real chance of finding a real bottom to the market. We have yet to see the carnage play out in earnings, which will move the indexes.
There is value in the banking sector, and I have been slowly adding to my positions in AIG, Citigroup, Wells Fargo and Berkshire Hathaway. I know we could have a "V" shaped recovery or not, so I am ready to put big buy orders on if we suddenly drop back to DJIA 18k.
Hey! Stash is an app for banking, saving, and investing. If you try it with my link and add cash, we’ll each get $20. https://get.stashinvest.com/william_ltc4v
Picture from Pixabay.
Posted via Steemleo