THE SKY IS FALLING
Looks like we are finally hitting the first real bear market of my lifetime. Luckily I just bought my car so the 15k I was ready to invest in the market went into that instead. Had I invested all of that money, I would now be at around half based on the stocks I thought were solid still crashing with the rest of the market. Tesla, my star child, is down close to 50% from highs. Target dropped 25% on a 52% loss of revenue for quarter one. So what do we do when the market is crashing?
I'm firstly going to try some new strategies and see just what works in a down market; I know bio/pharm plays still rocket in the market, and so far I haven't seen much else work. The bounce back green days are few and far between but I still enjoy them when they come.
Secondly and more importantly I am going to be buying as many stocks in my roth as I can. I hope these dividend and long term holds don't continue to drop, but if they do I'll simply buy more. After all this market is a crazy sale. My top picks for this bear market are two dividend stocks that perform well even in bear markets, $MAIN and $STAG which both have a nice dividend. I'll be buying some of these up over the coming months, and well maybe even a share of Amazon. It's trading now for about $2,150 from highs of almost $3,700. The main reason of this though was coming out of the pandemic so who knows how far this thing can drop.
I enjoy writing about this stuff and will continue to do so! Hopefully this can help others and myself learn more. I'd love a group of investor my age that don't simply focus on AMC and GME. Hey maybe one day! Have a good rest of your day, and thanks for reading!