Isn’t it strange? When electronic items go on sale, we run to the store. When designer label prices get slashed, we can’t wait to take advantage of the lower prices. That jacket or fancy handbag by a top-notch designer…Girl, you better buy it now, because that price will not be there tomorrow! We love getting a great deal on most things in life…except for stocks.
It’s fascinating: stocks are one of the few items we like to buy high, and get very nervous about buying when they go on sale! There is something about watching equity prices fall that psychologically causes us to run away, rather than look toward what companies we’d like to buy.
Well, I’m going to do the latter right now! I’m putting together a shopping list of companies I’ve been waiting to buy at attractive prices.
You see, times like this are where the real money is made. Many investors get very nervous and are more likely to become sellers, rather than buyers, in times like these. As difficult as it may be, the buyer mindset is exactly what you need to adopt. Instead of being nervous, you should get excited. You may now, after all these months, get the chance to buy shares in great companies at much lower prices!
I want to share my shopping list with you, just for fun. I am not making any stock recommendations – I’m just sharing my ideas with you of companies that I would absolutely buy, and the prices at which I would start buying them:
Alibaba (BABA): currently at $180.53. I would buy at $125-$150.
JD.Com (JD): currently at $44.60. I would buy at $35-$40.
Tencent Holdings (TCEHY): currently at $54. I would buy at $45-$50.
Alphabet (GOOGL): currently at $1062.39. I would buy at $800-$1000.
NVIDIA (NVDA): currently at $213.70. I would buy at $150.
Cognex (CGNX): currently at $56.60. I would buy at $45-$50.
iRobot (IRBT): currently at $81.92. I would buy at $60-$65.
Baidu (BIDU): currently at $225.32. I would buy at $175-$200.
Amazon (AMZN): currently at $1390. I would buy at $1000-$1100.
Arista Networks (ANET): currently at $265.37. I would buy at $180-$200.
These are companies that I would love to buy if the price came within my range. I know it might go against what you feel naturally, but making a list of companies you want to own for the long term, and buying them when the market sells off, is precisely what you should be doing. Over time, that is where the real money is made.
Until next time!