We're getting very close to a
generational buying opportunity in investing, especially if one's horizon is in years and not minutes or hours. Day traders, chartists, business TV gurus, nor 'players' see this lifetime chance, and that's OK by me.
If one's time horizon is in fact longer than the hours between Squawk Box and The Five... then it will bode you all well if you start and begin a purchasing plan right now, and through the 1st Quarter of 2017.
Stay away from mutual funds, ETFs and the like, plus those very risky and over-priced bonds and commodities.
Buy individual stocks! There are dozens and dozens of companies
right now selling at a
fraction of their intrinsic value. Some could get even cheaper, I understand, but to try to time a bottom will be both silly and costly.
Today, Gilead Sciences will probably take a hit because the Street says it had a 'disappointing' quarter!
Use the next 2-3-10 days as a buying opportunity to accumulate shares in one of the greatest companies on earth.
Gilead Sciences has tons of cash, grows it's Free Cash Flow at double digit rates and currently sells for about 6 times 2015 FCF!! The company is worth $144-150 at a bare minimum and is closer to a $225-250 stock in three years. Plus you get a growing dividend while you wait.
Oh yeah, it produces a life saving drug to those suffering from Hepatitis C -- yes, you read correctly, a
life saving drug.
There are many additional great companies selling at either fire sale prices or at best, below intrinsic value right now. Don't miss this chance.
