How to Get Paid to Buy the Dip (like Warren Buffett)
Have you ever heard of “buying the dip”?
Here’s how I’ve gotten paid to do this over the years.
"Buying the dip" is another way to say purchasing a stock or an ETF after it has fallen in value. As the stock's price "dips," it may present an opportunity to pick up shares at a discount and enhance your future gains if and when the stock rebounds to its previous high (or more).
Of course we all want to buy low. Fortunately for me, I had an investing mentor at a young age that shared with me a lesson from Warren Buffet’s playbook that works extremely well, especially in today’s market conditions.
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I recently surveyed a small handful of my WealthPlan™ Elite mentees about how they go about buying stocks at low prices.
“I once set up an automatic buy order with a low price for Apple and the stock never hit that price so I missed out on owning shares when the company soared,” one mentee said.
Another: “I watch the markets, but I always hesitate to buy because I’m afraid the stock might go lower.”
A third: “I’ve been consistently buying every week but the prices have just continued to decrease all year.”
Then I asked what their real goal was. One said, “I just want to accumulate great companies or ETFs at the best prices without feeling like I’m trying to time the market.”
IF I ASKED YOU 2 QUESTIONS, HOW WOULD YOU ANSWER THEM?
1. Do you know how to recognize when the market has hit the bottom?
2. Do you know how to get paid today while you wait for the market to hit the bottom?
The first answer is a universal “no” since absolutely no one knows how to accurately call market tops and bottoms.
The second answer should actually be a universal “yes” since the method is simple and used by some of the greatest, risk-averse, successful investors.
Now, one final question. How can you do it?
For most people, we just pat ourselves on the head and say, “I’m smart, I’ll just youtube this.” This feels good. It sounds like a real plan. It’s also destined to be a time-intensive trial and error process.
Many of my mentees researched and did their best to teach themselves before seeking any guidance. Yes, there are hours of video and courses available, but if you want to learn a specific method, you have to seek out specific knowledge from examples that have worked.
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I went a different route.
I wanted to do what I had heard Warren Buffett does and get paid today to wait for a good time to buy stock at a discount.
I knew that I wanted to take advantage of lower prices without having to time the market or track my accounts every day.
So, I sought out the guidance and direction of a great mentor who showed me how to achieve exactly what I was looking to do.
And in true WealthPlan™ fashion, I didn’t just get “good enough” at this and move on. I went all-in and spent years to become world-class—building a simple process to collect instant cash deposits as I waited for stocks to move lower which includes:
- Who pays you the instant cash
- Why someone would pay you today to wait for a lower price on a stock
- What happens when the stock never hits your target price (hint: you keep the cash)
- Why ‘market bottoms’ provide a great environment for this strategy
Today, I’m opening up a high-impact workshop that breaks down the exact system that I use, Warren Buffett used to collect $7.5M in instant cash, and you can use to replicate this on a smaller scale in your account.
If you’d like to ‘buy the dip like Buffett’, you should join.
Full details are here: our Instant Cash Strategy workshop is now available.
The course is only open until this Friday.
– R
