Tips for surviving a correction

[fenders53]

(03-08-2020, 09:18 PM)divmenow Wrote:

(03-08-2020, 09:12 PM)fenders53 Wrote:

(03-08-2020, 07:19 PM)divmenow Wrote: Tomorrow is going to be an ugly day.... Dividend cuts this week. Wow just don’t  watch the ticker lol

As this is why we buy quality, the major players in a commodity business.  XOM isn't going out of business  tomorrow, next week or next year.  Just go about your business, and tend to the rest of your port if you must.  It's hard not to over-react and sell, double down or whatever.  My BP cards have already been dealt.  Time to put them in my pocket and collect the dividend. 

I won't be surprised if the whole market goes down in sympathy tomorrow because oil is too cheap. A few months from now they will credit cheap energy as a catalyst for global economic recovery.

Oh I'm buying some oil Tomorrow. Think of it as an old lady with her walker trying to get to the other side of street. Eventually she will make it to the other side lol. Oil will come back and if your patient she will treat you right 

My last wasn't really directed at anyone in particular.  If I buy anymore oil it won't be too much, and it probably won't be tomorrow.  There are a lot of stocks cheap enough for me now.  I don't care if they drop another 25%.  We'll I'd prefer they don't of course but I'm comfortable enough here.   I'm not going to get caught sitting on my hands like last December.  You've probably heard you can't time the bottom?  Yeah, we'll that's bull hooey.  If you just buy some shares a couple times for week for a few years you'll hit her lol. I should write investment books lol.