About 2 weeks ago, I wrote at the top of this thread:

I'm putting my cash to use by aggressively buying this dip.

I then listed 6 stocks I own that I added to. Here are my results, which you can easily verify for yourself.

	Price on	Price	  Buy on dip
	8/5/2024	today	  Return
----------------------------------------------
AMZN	161.02	        177.06	  10.0%
NVDA	100.45	        124.58	  24.0%
MSFT	395.15	        418.47	   5.9%
MU	 90.42	        107.99	  19.4%
QCOM	157.95	        172.18	   9.0%
AVGO	142.08	        165.72	  16.6%
----------------------------------------------
Average			14.2%

I've held the first 3 stocks above for years, and intend to hold them for many more years. Especially since AMZN by itself contributed to my early retirement in 2020.

But MU, QCOM and AVGO are newer buys based on musselmant's Nasdaq 100 screen that he posted earlier this year. I set a 15% stop loss on those. But the stop losses never triggered. At one point in the dip, MU went 10% below my purchase price, but it's recovered nicely since then. These are all great, quality companies, so I couldn't resist the bargains.

I also mentioned 2 other companies I own that never even went on sale during the dip. MELI, which is up about 15% over the past 2 weeks, and TTD, up 13% in the same period.

Never expected my dip buys to yield an average of 14% in 2 weeks, but I'll take it. Remember that corrections of 10% happen about every 2 years - perfectly normal things that shake out the weak hands. Focus on the long term. Your emotional fortitude counts for way more than your intellect for success in investing.

"Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves". - Peter Lynch

Mechanical Investing FAQ

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