Getting Cold Feet Now Could Mean Missing Huge Opportunities Ahead
It’s sad but all too true…
… millions of investors fear the worst when they should be planning for the best.
Case in point, FANG stocks.
Investors fell all over themselves in a rush to sell last December when the markets plumbed new lows and people thought a repeat of 2008 at hand. was in the proverbial cards. Since then, those same stocks – Facebook Inc. (NasdaqGS:FB), Amazon.com Inc. (NasdaqGS:AMZN), Netflix Inc. (NasdaqGS:NFLX), and Google (now Alphabet Inc. (NasdaqGS:GOOGL)) – have tacked on a jaw-dropping $600 billion in market cap.
Chances are good you’re grinning ear to ear if you’ve been following along with me as directed, both here and in our paid sister services, because I told you to do two things: a) stay in and b) buy more if you could.
“Even a single share” I urged – if that’s what it took or that’s what you could afford.
That’s still true today.
I know the markets seem range bound at the moment but, my hunch is, they won’t be for long.
Neither will big tech.
- Never confuse sideways markets with the need to sell because there might be a reversal.
- Taking the right action is very different from trying to second-guess the unguessable.
- The right companies are still poised for profits, no matter what happens this earnings season