Novice investor here with a question for my more experienced colleagues. Say you decided to buy 50 shares of XYZ for a buy and hold. XYZ value has been increasing overall for the last 5-10 years, is a company that pays dividends and is a company you believe in. How do you decide when to add more shares in your portfolio?
Do you wait for a substantial pullback? Do you keep adding on a schedule no matter the price? Do you buy on a pullback while the price is rising? (eg. bought at $10 - price reaches $15 - you wait for the price to come down to a lower level say $13 and buy) Do you add on the way up?
Do you do different things depending on how the market is performing? You do something else?
Submitted August 25, 2023 at 05:58AM by byondreams https://ift.tt/PgDR1u4
