|
Indeed.
I've thought about buying up some C.
But it would violate a huge rule I have when it comes to investing. Which is: "Never invest for the long term with a company, when the entire sector is in the midst of a crisis." To my mind, investing when the whole sector is in trouble, would be like investing in a Brewer at the end of 1919. The trick is to determine when the crisis is over, and buying into a 'Brewer' in 1932. Unfortunately, the transparency isn't quite there yet, where I'm entirely comfortable buying some C.
Now mind you, sometimes I ignore my rules. And at times it's worked out profitably. I bought FRO a year or two ago now, when it was at $31.00. Worked out great. Violated my rule of "Dividend Invest only with companies that have a proven track record of paying dividends". I set that rule aside, because I believed in the management team.
The other trick, is my set of Investing Rules are my rules, because they work. Setting them aside means I'm getting awfully speculative, which many times I'm not comfortable with.
I guess it all comes down to risk tolerance. I'd watch C very carefully before putting anything down, and even then, I'd probably only give them about 1% of my overall capital as an 'initial' buy, just to see how it pans out. And only if it reached $27.00. That way, you're letting market action confirm the buy.
__________________
|