When There’s Blood in the Water…

It's time to go fishing.  The relevant Warren Buffett quote on a day like this when the DJIA falls over 500 points is

"Occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics is equally unpredictable, both as to duration and degree. Therefore we never try to anticipate the arrival or departure of either. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

So, today I was being greedy and buying.  In my long-term portfolio I bought IVV, VNG, VWO, VBK, and VTI.  All of these trade commission-free at Ameritrade, and I bought most of them within 15 minutes of the close.   

Tomorrow, if the sell-off continues, I want to cherry pick some specific blue chips.

What about you?  What did you buy or sell today?

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  • dwayne

    Looking at adding to CREE and DLB. And, speaking of, maybe more Berkshire.

    • BRK.B below 70 would be a nice entry point. DLB and CREE both look good too. Pick any reasonable stock right now. Sometimes dollar cost averaging and catching a falling knife are the same thing. 🙂

  • Nice call on the CREE.  In at $28.50.  Not touching DLB though.