What stocks are you buying cheap

Question

I’m not much of a stock market investor but for years I’ve been wanting to get in. Now seems like an optimal time with prices low. So...who’s buying what during this Coronavirus mega sale?

John Acheson · Answer

Sarah, very dangerous Q. I've been investing for 15 years mostly long in the market until going short last year and have run small businesses through Four Black Swans incl. this one and have to ask some Qs: how much cash can you afford to lose let's say up to 60% on? if you don't have cash, what's your margin rate? what industries do you have 10 yrs. of experience in? what businesses do you TRULY understand? what parts of public financial statement do you TRULY understand? if not, what is your greatest strength? i.e. people person vs numbers person, Meyers Briggs, etc.

The people that do well in stocks tend to be highly educated, decades long stamina, world class numbers and analytical skills, readers not talkers, life long learners that can connect many global dots together into a strategy.

But most run on emotions and that's why the only winner this week was JPM/GS on the VIX.

Now if you meant trading, things get worse, as 90% or more fail...

If you can't handle high amounts of risk, stress, losses, etc.

stick to real estate or hire a world class broker that has your back.

If you still want to invest, I would recommend going short NOT LONG until we hit bottom!!!