Now that the market is taking a downturn, what should one do? I’m mostly hanging on to what I have and buying internationals and financials at every major drop. Now is a good time to get into India Funds which are way off their highs. Also both Wachovia and Bank of America do not plan to cut dividends (at least so far) and this might be a good time to get in. Just wait for drops like today and buy.
Another promising area looks to be tech – GOOG, AAPL are well below their highs and may be good buys now. I’m hanging on to my stock and might get some more if they fall further.
* Disclaimer: I own WB, AAPL, GOOG, IFN and INP. Take this advice at your own risk.
