Here are some of the top tweets from The Motley Fool’s Twitter feed. Weep, cheer and enjoy.
Prelude: If you are worried about plunging markets, check out The Motley Fool’s free report: Read this before the market crashes. It’s never too late.
Tweet #1: A bear just broke into my NYC apartment and stole all my money.
The Motley Fool (TMF) says: The same thing just happened to us, although we expect he’ll return all the money, and more, over the next 2 to 5 years.
Tweet #2: You know it’s been a fun week when seeing the Dow down 500 doesn’t even phase you.
TMF Says: ‘Fun’ may not be quite the right word, but after all the doom and gloom, the tweeter is right – you do get immune to it. Our suggestion is to remain calm, and definitely don’t look at the balance on your super fund.
Tweet #3: Old but timeless tip from several investors we like: the best stock to buy now may be the one you already own.
TMF Says: If you are looking for something to buy, it might be staring you right in the face. It’s one reason to look at your portfolio.
Tweet #4: Dunkin Donuts up 3% today — a flight to donuts
TMF Says: Yum, although watch your waistline.
Tweet #5: If You Don’t Buy Shares When They’re Cheap, When Do You?
TMF Says: No comment required.
Tweet #6: Buffett once said he’d buy stocks when the total market cap of US stocks was 70%-80% of GNP. As of today, it’s about 82%.
TMF Says: Looks like the world’s greatest investor, Warren Buffett, might be buying stocks soon. He splashed out billions on companies like Goldman Sachs and General Electric during the GFC. He’s a smart man.
Tweet #7: If short-term market moves flare up your emotions, my best advice is to stop paying attention to them.
TMF Says: Grab a cup of coffee, read about Cadel Evan’s triumphant home-coming, and marvel at a true sporting champion. Or Australian wins in cricket and soccer. Or nominate for the Gold Coast bikini parade.
Tweet #8: The market is ignoring good news at the moment, and that can create opportunities for investors.
TMF Says: Witness recent good results from companies including Commonwealth Bank (ASX: CBA), National Australia Bank (ASX: NAB), Telstra (ASX: TLS), Cochlear (ASX: COH), Coca-Cola Amatil (ASX: CCL), Bradken (ASX: BKN), Beach Energy (ASX: BPT), Domino’s Pizza (ASX: DMP), Talent2 (ASX: TWO) and Chandler Macleod (ASX: CMG). Watch out for opportunities.
Tweet #9: Mutual Fund Outflows biggest since March 2009.
TMF says: March 2009 was the best month to buy shares in decades. Investors have a nasty habit of selling right at the bottom of the market. The time to sell was 20%, or more, ago.
Tweet #10: Investment decision based on emotional reactions rarely end well. Instead, look at the big picture and think long-term.
TMF says: A fitting way to end. Happy bargain hunting.
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Follow the Motley Fool @TheMotleyFoolAu. Of the companies mentioned, Bruce Jackson has an interest in CBA, NAB and TLS. The Motley Fool has a disclosure policy.