I have about $4,300 left in cash waiting to be invested, but I am waiting for the market to go a little lower before I commit some more cash. I don’t think that the market has bottomed yet, and I believe that I will get a chance to buy some good stocks and lower prices over the next several weeks.
Not that it is easy sitting on the sidelines watching some stocks soar on positive news or a market rebound. I am up about 30% on Berkshire and 20% on Google, which have both seen big jumps from when I bought them. I realize that I have the gains I have because I was able to buy these stocks when the market was in a free-fall and these two stocks were on sale.
My plan is to be disciplined and buy when the market is selling off. Hopefully I can be disciplined enough to keep to the plan and not rush in and buy every time there is a bear market rally.
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