Posted by Ed Copp (OH) on February 01, 2001 at 18:57:10:
Buy and hold is an excellent strategy, and a recession is often a good time to buy if you are careful.
Be sure that you understand that recession is a state of mind, and has almost nothing to do with the economy. If you just lost your jub, and have no savings or assets You are having a recession, or will be having one real soon.
If I lost my job at the same time that you did and I have $200,000 in cash savings it will take a little longer for me to have my recession.
So recession is a state of mind, look for sellers who are talking and thinking about “the recession” (your own personal gold mine).