Wednesday, November 14, 2012

It's a correction for a lot of my holdings.

I define a correction as a pullback of ten percent or more. This recent downturn is turning into a correction for a lot of my holdings.

What am I doing? Uh, shrugging my shoulders. I like the stuff I own and if it drops low enough, or stays down long enough for some of my dividend income to give me adequate cash, I will buy more. I'll see what has dropped the most and seems to have the best chance of a speedy recovery.

Whatever, I'm cool. I have factored some loss of dividend income into my budget for 2013. I have hunkered down financially, and I'm ready for the storm --- or is that cliff?

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