today is the third day that wall street plummet...by next week time should be ripe.
Look at chart for support levels. And then queue to buy at those levels. If it breaks support then buy more at next support level.
Of course it depends on your risk appetite where you want to set those buy in levels. Do this for stocks or industries you are familiar with.
Sam lives in NZ and he likely familiar with airNZ stock. I dont know much about it but see that is has a high dividend payout but very lacklustre business and seems undervalued. Sam never said so but perhaps this is a dividend play for him
I prefer to invest in banks. They are broadly affected by anything and if they crash you can bet every stock out there is also down.
In times of a crisis some industries are harder hit than others. Hence those stocks will fall more. The worry is how long will those industries take to recover?
Banks earn from a broad array of industries. Hence even in one crisis they might earn from another. But because of overall fear and panic people sell everything.
During the oil price crash in 2015 and 2016 I purchased CIBC and Bank of Nova Scotia and TransCanada pipeline (now TC energy). Canada is actually doing pretty ok now in the east. Hence the banks are all up. Meanwhile pipelines are all at capacity. Meaning the drop in oil price does nothing to their day to day business.
Likely that I will pick up some Canadian bank stocks this time round. Plus all those stocks I mentioned are dividend plays too.
Sweet when you get dividend and stock price gains.