The BoormanBlog

Even though your stock is in the toilet. This may shock the heck out of everyone who knows me, but there are times when I am optimistic. This is one of those times. Or maybe its my contrarian nature that makes me stick with it.

I scraped together what cash I had left in my brokerage account and upped my position another 25%. I wish I had done it a few days before when this thing was in the low 30’s, but I managed to get some at 40. I’m already up a little on it. Overall, though, my BAC position is costing me my shirt. But market downturns are normal and healthy. Look at them as buying opportunities.

Remember folks, when the market is in shambles, that’s when you’ve got to start buying, and that’s what I’m doing. I’m all in, baby. It’s no different than retail shopping, there’s a sale going on, and everything is 30% (or more in the case of the financials!)

Keep the faith folks. It’s going to be bumpy, but our economy will survive, the sun will come up in the east and Christmas will still come on December 25th.

This entry was posted on Sunday, January 27th, 2008 at 8:50 pm and is filed under Pimp My Portfolio. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.