Thursday, August 29, 2013

What I will do if there is a Crash

On August 15, 2013, I said that,

"I am fully committed in the markets and I feel comfortable holding on to my positions even if there is a Stock Market Crash."

How can I still be comfortable when I am fully committed--in the face of a Stock Market Crash?

The key is that "we do not borrow money".

And, I just had a few words with my father just now, and I told him,

"if there is a Stock Market Crash, we borrow and buy more"

My father readily agreed without a 2nd thought!

With a margin account, I can leverage up to 3 times.

But, I told my father that we will just buy ONE stock.

Ok...maybe TWO stocks....HAHAHAHAHA