Buying

Posted on August 13, 2007
Tags: Investing |

Over the last several sessions I’ve been using some cash generated this year to accumulate some positions and add to my long term portfolio. Mostly large brand names that have been beaten down as well as some financials. Some of these were based off of Maoxian’s list and some my own. I’m trying to look at things from a contrarian perspective, when things get sold hard and I hear people around me, including those that don’t normally follow the markets, talk about how the markets are crashing it’s a good sign there *may* be some over-reaction. Of course no one knows if things will get cheaper or dearer by when but my long term portfolio is a lot more patient than the trading me :-)

Comments

2 Responses to “Buying”

  1. Aaron on August 13th, 2007 11:44 pm

    The financial stocks may still be in a short-term downtrend, but the valuations there are certainly getting quite compelling. I am getting ready to put some long-term cash to work as well, quality stocks at discount prices some places in the market now.

  2. eyal on August 14th, 2007 3:14 am

    I hear what you say Aaron. I’m a little fidgety about the financial stocks as well, but I picked a few strong ones which should weather this alright even if in the near term they continue to go further down for a while. Nice blog btw, I’ll add you to my blogroll and rss reader.

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