Quote:
Originally Posted by lewdog
X is such a cyclical stock to own. I am debating how high I'll ride it before selling it all? I'll then wait for it to dip again and buy back in.
Did you know it was $186/share in June 2008 before the crash and it tanked to $24 in November 2008?!
It's hard because I always think emergency savings should be fairly liquid. If I put it in the market, there's a chance it takes a dump. And the idea behind emergency savings is to not lose that money as it's your safety net. Hence why keeping it safe but growing slightly in a CD seems like the most attractive offer to me.
|
If it is cyclical see if you can find a technical indicator that it follows. Either timing or technicals. Probably won't find anything but it is worth a shot.