Nancy Tengler, CEO & CIO At Laffer Tengler Investments, explains why volatility is actually your friend.
Transcript:
CAROLINE WOODS: And just finally, Nancy, what would you say the best strategy is though to deal with some of the volatility that we could continue to see in order to keep your money safe. Is it kind of sitting tight. Is it buying on the dips. Is it dollar cost averaging. What’s your advice?
NANCY TENGLER: Yeah I think it’s all of the above Caroline. So we’re long term investors. Our time horizon is 3 to five years. We’re not traders. So we have a saying in the firm that volatility is your friend. And during that period we were adding to names. I mentioned some of them. We also added to Tesla, and many of those names are up 15% to 30% just since April. So you want to take advantage. You want to buy companies you can own for a lifetime. So that when you are faced with volatility, you have the confidence to step in the management team. Amazon is another one we added to. Andy Jassy is one of the best operators I think in technology. And so you want to be able to add to those names and not get let. As the great Peter Lynch said, don’t let the market scare you out of stocks.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#Investing #Stocks #volatility
source
