china already plunge by the required 70 percent. Thaman look panick. LHL disappear. LBW try to distract while sellling all her shares.
Yup now's the perfect time but you have to be selective in the pickings. Avoid companies which have the potential to go belly up during these hard times. Spread your risks as widely as possible as it is not possible to completely avoid picking up some duds.
Don't worry if your stocks sink lower over the next few months. Any drop in price should be a nudge to buy more of the same.
If a dead cat bounce along the way gives you a chance to make a bit of money along the way, grab the opportunity. I have often made a tidy sum on a sudden surge sparked by a market rumour or a takeover bid.
I have bought more than USD180,000 dollars worth of stock since the blood bath began. I have another USD250,000 to place over the next 6 to 9 months.
Plan to stay on for the long haul. The time to sell will be when the clueless Aunties and Uncles (the ones you saw at speakers corner last week) start buying.