Buffett is Buying the Dip: Are You? - Real Time Insight
Legendary investor Warren Buffett is buying despite this recent market selloff. He was on CNBC on Thursday morning and stated that he bought stocks during yesterday’s selloff.
“The more [the market] goes down, the more I like to buy,” said the Oracle of Omaha.
Buffett was clear, however, that this wasn’t a market-timing call and that he invests in businesses for the long-term. He said he would’ve bought the same stocks no matter what the market was doing. But he does like buying stocks when the market is going down.
The small cap Russell 2000 has fallen more than 10% from its all-time high, officially putting it in “correction” mode. The index is also down 6.7% year-to-date and is basically flat over the last 52 weeks.
So are you buying this dip? Or is the recent market volatility keeping you on the sidelines?
Chime in below!
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