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Mel

12 Nov 2020

Stocks

Buy more stocks when it is low or buy new stocks?

Should we buy more of the same stock we own when its Low? Or buy a new stock which is also Low at the moment?

Discussion (7)

What are your thoughts?

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Depends... is the new stock something that is already on your watchlist and you never had a good opportunity to get in?

Ultimately, only buy those that you have already done your fundamental analysis on and have strong conviction towards.

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Buy the stocks in which you have the most conviction in. It would also be silly to constantly be purchasing new stocks. You'll just have to do extra research for tons and tons of your stocks. The key is conviction.

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Buy good fundamental stock & the stock that suit your financial goal. Regardless of old/new...

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