For years, financial advisors have told investors to hold on tight when markets are dropping – and when possible to add when things are down. Market fears can sometimes be short-lived, even when valuations and other reasons for fear persist.
That appears to be the case with the latest weakness in the tech space. MicroStrategy (MSTR) reported that it bought the dip in Bitcoin, picking up $1 billion. And the much-watched tech fund Ark Invest sold shares of Apple (AAPL) to buy shares of Tesla Motors (TSLA) when the firm dropped 10 percent on Tuesday.
Have you bought the recent dip in tech (or Bitcoin) this week?
Hit “Reply” to this email and let us know what you think!
Now here’s the rest of the news:
Famous Big Short Investor Michael Burry Warns Weimar-Like Hyperinflation Is Coming To America –Dana Sanchez
“Prepare for inflation,” Burry tweeted. He compares Germany’s 1920s hyperinflation to the U.S. He suggested he expects a market crash within months…
February 25, 2020
While out touting the latest quarterly numbers at Berkshire Hathaway, billionaire investor Warren Buffett stated that he had no plans to buy or sell shares of anything simply because of the coronavirus outbreak.
Of course, Buffett is sitting on over $100 billion in cash at the moment, so a market downturn would allow him to buy up some great companies at more reasonable prices. We’ll be watching Buffett’s actions, but appreciate his soothing words during this trying time for stocks.
February 25, 2019
I’m still working at get my ‘image’ out there! Hope you don’t mind the musical interruption…
Cleavage Lovers … Enjoy! 😉