Today, after the Greek saga over the weekend, the STI plunged another 40 points, continuing its steady move downwards.
I know of many people who claimed to be value investors, and they told me that if a stock drops, they will happily buy more. But they sounded a bit shaky today when I spoke to them.
Thankfully, I have already liquidated most of my portfolio, so I’m just watching from the sidelines. And thankfully, I have also given my readers (and private forum members) ample time and warning to avoid the most recent big crash.
I always hear investors talk about the “right price” to buy, but I seldom hear them talk about the “right time”.
To me, the price is right when the time is right. 😀