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Originally Posted by Table 5
yes, because i'm not tied to just one company during a period where it feels there are several falling out of the sky every week (bankrupcy, failed mergers, horrible quarterly reports) and I have time on my side. I dont really need the money for the next few years so i can afford to wait it out and keep investing on lows.
I wanted to get into some financials but didnt really want to hitch my wagon to anyone in particular, and going into a sector index helps me do that. My ETF's are leveraged to perform roughly twice the performance of the market, so while they are all down at the moment (and most likely will go down still), i know that the upside will eventually be there. They are all basically a 1/4 to 1/8th of their 52 week high....its just a matter of time before these things recover, unlike an individual business, which always has the chance of just sinking into bankrupcy. Once things calm down, I will venture into individual stocks again.
Honestly, whether is wise or not, I do sleep much easier because of it.
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Okay if you have a long-term view. Anyone with a short-term view of things should not be doing this, but otherwise good on ya. In fact, I think it's a better idea than individual stocks.