Think I’m going to splurge on Energy and Transporation stocks.
I figure five years from now this will all be a blip and things will pretty much be where they were before this all began.
Sounds gud.
I am thinking the same thing.
On October 22, 1987 the stock market declined by about 20%.
My late father, who was 76 at the time looked at me the next day and asked if we were going to start buying-this from a man who lost his life savings in the early 1930’s when the banks closed.
It was clear that at least some stocks were trading at prices that were very low by any standard-price per share was about equal to cash on the balalance sheet per share.
We invested and within a year made 20 to 30% on all of our investments.
Some blue chip energy companies are returning 5% or so just on dividend/share price.