Mortgage Blog

Stock Market is down, a good day or bad day?

January 30th, 2018 1:05 PM by Eric Fang

According to Warren Buffett, it should be a good day since you can buy more percentage of the company(though it is almost 0%). As long as you hold longer term, with a good company, you prefer to buy stocks with lower price.

And yes, I purchased some shares of LGIH today, at $67.76. I know I purchased when it was positive, and at a big down day. That means this stock should be strong, or maybe the earnings would be very good.

I would like to share a story about the "forgotten" purchases. Right after I started doing loans full time, I transferred my stocks to Vanguard IRA account. And I did not spend too much time for the investment before, I asked one of my co-workers at Kana Software to help me pick up a few funds. She picked up 7 funds for me, I did not take a look at it for the past 10 years. And I checked the performance over the weekend, it was up more than 321%(Total 421% of the initial funds). This was the wonder of the compounding. 

Then I talked to myself, why should I spend time to "pick" the stocks, and do the investment myself? Though I made the mistake again by picking up LGIH today, but most of the money will go to those funds eventually.
Posted in:General
Posted by Eric Fang on January 30th, 2018 1:05 PM



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