The following is a part of Yakezie’s blog swap from Dannielle. She blogs about personal finance and Barbados at Odd Cents. You can check out my post on her site this morning as well about the best investment advice I ever received – Start Early!
For someone that’s now getting acquainted with the investment world, I’ve been trying to get as much advice as I can. In the last six months, I’ve attended seminars, done research online and asked friends for specific investment advice. As a result of my persistence, I’ve received several helpful tips which I’m very excited to share.
Take Advantage Of A Disaster To Invest
The most recent bit of advice came from a post entitled Taking Advantage of Disaster to Invest on Bucksome Boomer. The post advised to buy stocks in companies which are going through a disaster. Kay Lynn, the author, recently bought stocks in Carnival Corp which owns the Costa Concordia ship ( the cruise ship in the horrific Italy accident). The accident caused share prices to drop significantly and opened up opportunities to buy shares at a “reduced” price. In a short space of time after her purchase, the stock prices were on their way back up.