Hope you are right.
My Mutual fund as both Apple and Disney in it.
A drop means I can get more pieces of the fund.
With real estate it’s location location location.
You could buy a house in Bel-Air that looks like the one on Green Acres, but it would still be worth a fortune because of its location.
With stocks it’s earnings earnings earnings.
As long as you own stocks that show fantastic earnings like AAPL and DIS you should do well over the long run, but once an awhile even great a company suffers a big hiccup. A few weeks ago, I saw Chipotle down about 45 points in one day. Now the stock is trading at record highs around $755 a share.
So, you're actually pleased that the value of your fund has dropped, because now you can afford to buy more of it?
Yes, I've heard that logic before.
Regards,
Very true. It’s the morons who sell now that have no idea what they are doing.