For those of you that have been waiting for a market correction to buy back in, pay attention. Depending on what happens in China with their real estate sector and the potential default of a huge Real Estate company China Evengrade Group, the decreasing price of commodities and the Delta variant wave, we could see up to a 20% correction over the next month or so.
For anyone holding risky stocks this would be a good time to collect your profits and hold the money on the side for the buying opportunities in quality stocks. Most of you know I am not a fan of trying to sell before dips and buy back on the highs but I am currently sitting on a higher than normal cadh reserve, waiting for some buying opportunities in top performing dividend paying stocks.
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