Where do you go in a panic?
There really is no end to the bad news. Sometimes it seems that everything you hear is bad news. Before I share some insights about what I am doing related to the asset selloff due to the Russia saber-rattling, remember your life does not consist of things. Things are just temporary. If you are a true Christian, things and investments are not yours anyway. Here are two reminders that should help you with understanding your situation. If you don’t have hope for the future, perhaps you are putting your hope in the wrong place.
“But godliness with contentment is great gain, for we brought nothing into the world, and we cannot take anything out of the world.” 1 Timothy 6:6-7 (ESV)
“Who shall separate us from the love of Christ? Shall tribulation, or distress, or persecution, or famine, or nakedness, or danger, or sword? As it is written, ‘For your sake we are being killed all the day long; we are regarded as sheep to be slaughtered.’ No, in all these things we are more than conquerors through him who loved us.” Romans 8:35-37 (ESV)
Stock Market Futures
One of the things I check in the morning, Monday through Friday, is the stock market futures. Here is how they look at one point this morning. Yesterday was a bad day in the market, and today should prove to be even worse. How low can it go? I don’t know. No one does. However, I view down days as days to consider buying investments.
During Yesterday’s Sell-off
When I see the market going down, I consider buying more shares of stocks I already own. For example, yesterday I added to our holdings in ABBV, HPQ, and STX. When I bought the 300 shares of HPQ, I did buy limit orders. I wanted 300 more shares, but I did not buy them all at once. I bought 100 shares on Tuesday, and then did two separate buy limit orders on Wednesday, each with a lower price. I may buy more shares of Ford (F) today. I am also considering buying more HPQ.
We own 700 shares of ABBV as a long-term investment. The other two long-term investments are STX with 1,300 shares and HPQ with 800 shares.