“Most people would never think of adding to a company hitting an all-time high, but I’m not most people. My son doesn’t have enough cash to add to KO but other portfolios I manage do and I added today at the open.
You young folks need to get over this fear of prices being at 52 week highs and especially all-time highs. Where do you think price will be 10 years from now, 20 years from now, 30 years from now? You have to think about the future, not get locked down in the here and now because others have doubts, insecurities and fears. You either adopt your own strategy and tactics or remain a slave to the strategies and tactics of those who don’t share the same goals and objectives as you.
Every payday you add to those funds in your 401K regardless of where the price sits on a chart. Chances are, those prices are at or near all-time highs. Why should you manage your equity portfolio any different? What’s different is your mindset and you need to get your mind right! If you don’t, and you continue to hesitate, you are missing out on the most important years of your life for compounding. You can’t make that up. Once they are gone, they are gone. … Buy something!
Think about it!”
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