TFW you invest like a pro
Here's a tip for buying on Friday, which should hold over the next few weeks: If the market opens down on Friday, and there is a stock or stocks you are interested in, put in a bid about 0.5% below the current bid, and your order should get filled by the close.
Here's a better tip. This is the one-year chart for Berkshire Hathaway common shares. This is your proxy, your canary in the coalmine, for whatever you are invested in over the next three months. As long as BKR-B stays above 200, you should be in the market, and hold or acquire more of what you like. If it drops below 200 and stays below 200 for three consecutive closes, you should think about reducing you exposure. I recognize it costs money to get out, but it costs more to be down 10% and having to wait six months until you get your head back above water. Obviously, if you own 10 shares of Under Armour or Kraft Heinz, this advice doesn't apply to you, so just keep on enjoying your hobby. I'm talking about those with $100K or more in the market.
Here's a better tip. This is the one-year chart for Berkshire Hathaway common shares. This is your proxy, your canary in the coalmine, for whatever you are invested in over the next three months. As long as BKR-B stays above 200, you should be in the market, and hold or acquire more of what you like. If it drops below 200 and stays below 200 for three consecutive closes, you should think about reducing you exposure. I recognize it costs money to get out, but it costs more to be down 10% and having to wait six months until you get your head back above water. Obviously, if you own 10 shares of Under Armour or Kraft Heinz, this advice doesn't apply to you, so just keep on enjoying your hobby. I'm talking about those with $100K or more in the market.
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