Entering text into the input field will update the search result below

The More It Drops, The More I Buy


  • Right now, everything seems to be dropping.
  • The S&P 500, tech stocks, REITs, etc.; everything is on sale.
  • Here's what I am buying.
  • Looking for a portfolio of ideas like this one? Members of High Yield Landlord get exclusive access to our model portfolio. Learn More »

Bear Market

DNY59/E+ via Getty Images

Right now, the entire stock market is facing significant selling pressure due to one main reason: interest rates.

Since the beginning of the year, the 10-year Treasury has nearly doubled and is now

If you want full access to our Portfolio and all our current Top Picks, feel free to join us for a 2-week free trial at High Yield Investor.

We are the fastest-growing and best-rated stock-picking service on Seeking Alpha with 2,500+ members on board and a perfect 5/5 rating from 400+ reviews:

You won't be charged a penny during the free trial, so you have nothing to lose and everything to gain.

Start Your 2-Week Free Trial Today!

This article was written by

Jussi Askola profile picture

Jussi Askola is the President of Leonberg Capital, a value-oriented investment boutique that consults hedge funds, family offices, and private equity firms on REIT investing. He has authored award-winning academic papers on REIT investing, has passed all three CFA exams, and has built relationships with many top REIT executives.

He is the leader of the investing group High Yield Landlord, where he shares his real-money REIT portfolio and transactions in real-time. Features of the group include: three portfolios (core, retirement, international), buy/sell alerts, and a chat room with direct access to Jussi and his team of analysts to ask questions. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of KKR, PAR, WPLCF, TDOC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (50)

Jussi Askola profile picture

Thank you for reading! I hope you enjoyed the article. Let me know if you have any questions.

Please note that we are currently sharing all our latest Top Picks with the 2,500+ members of High Yield Landlord, and you can access them for free.
We are so confident in what we offer that we allow you to join us with a 2-week free trial. You won't be charged a penny if you cancel during your free trial so you have everything to gain and nothing to lose.

Get started here: seekingalpha.com/...

If I can help with anything, let me know.

William Darusmont profile picture
Jussi...have your rethought that strategy?
"You can be wrong, I can be wrong, but the market iS NEVER WRONG.
Jussi Askola profile picture
@William Darusmont I have not. I remain very bullish on REITs
William Darusmont profile picture
@Jussi Askola ...that's what makes markets!
@William Darusmont not pivoting is also.... what destroys accounts lol
Teledoc again
Is Mrs woods paying you too ?
This author and a good number of others have been quite vocal about "cash is trash" with high inflation. Presumably they hold little cash and were fully invested or nearly so. My question is, if that's the case, how can they "buy more"? It's a sincere question, as I also struggle with how much cash to hold back. Warren Buffett repeated stated, including his latest letter, that he will always hold a lot of cash.
Jussi Askola profile picture
@SteveInAtlanta It is impossible to time the market. Keep enough to sleep well at night. That's exactly what Buffett tells you. You buy more with dividends, portfolio rebalancing, new savings.
833233pla profile picture
Is is always better to buy on the upside. Chasing stocks lower is a mistake.
Jussi Askola profile picture
@833233pla You want to buy when things are down. You won't get a bottom, but so what
Jussi, I see you have chosen some Reit’s to add. Can you briefly elaborate on the types of Reits you prefer? Such as mortgage, rental, Industrial or storage there are many good thesis’s for any one of them. Even though I am long on many of them this has always been a tricky sector for me.

Often times it lags in recovery time compared to other sectors even though there are many great companies the market seems to turn there back to them. Your thoughts
Jussi Askola profile picture
@cramarion1 Thanks for your interest. Feel free to join us for a 2-week free trial to access all our Top Picks and favorite sectors: seekingalpha.com/...

S&P 500

2000: –45%
2008: –52%
2022: –13% (so far) 🔥

Have fun catching a falling knife.

Better use (thick) gloves.
Jussi Askola profile picture
@Amos Tuck I will have fun, thanks. Buying dips also pays off in the long run and you cannot time a bottom. Have fun losing your purchasing power to inflation.
@Jussi Askola

"Buying dips also pays off in the long run."

Not always.

When the Dotcom bubble burst, the Nasdaq fell -82% and took 14 years to claw back to break even.

Dip buyers were punished.

If your definition of "long run" is 20 years, you're probably (mostly) right.
Jussi Askola profile picture
@Amos Tuck You are looking at one specific sector and even that sector recovered and made investors money over time. A diversified investor has always won by buying the dips.

Also, note that we are not buying tech stocks at their peak. Most tech stocks are already down significantly.
No more BAM?
Jussi Askola profile picture
@aeye I like BAM, but prefer some peers like KKR at these prices
Never been in a bear market have you. You can't keep buying lower and lower. That's a great way to go broke. Don't fight the Fed
@Maverick#1 When MAC dropped in Q220 I bought a boat load. It was Jussi who recommended it. I owe a debt of thanks to him for the 110% profit I made, not including reinvested dividends. Jussi is a man of integrity, deep experience in managing commercial properties and has most certainly experienced recessions. Don’t let his humility mask his REIT investment prowess.
@Maverick#1 “you can’t keep buying lower and lower. That’s a great way to go broke”. I lived through the dot com crash and the 2008-2009 bear market where the S&P dropped 60 plus percent. I kept buying lower and lower every month and I didn’t go broke. In fact I made some of the best returns I’ve ever made by dollar cost averaging. Bear markets are nothing to be scared of if one invests with a steadfast mind.
Jussi, you should also take a look at Digital Turbine (APPS) a real company with real revenue focused on ad tech for smart phones. Totally beaten down but a great business with strong management.
Great read as always. I just keep dollar cost averaging each month into my tech mutual funds. Keep them on sale for a few more months/years so I can buy cheaper and they will rebound beautifully eventually.
Jussi Askola profile picture
@Chris0120 Sounds good! Thanks for your interest
FirstFIREWealth profile picture
Welcome to the tech train, Jussi! Glad to have you onboard!
FirstFIREWealth profile picture
I'm buying NNN hands over fists. Nice earnings beat
Jussi Askola profile picture
@FirstFIREWealth I agree that it is deeply undervalued
mdpath profile picture
@Jussi Askola Do you prefer NNN over STOR?
Check out the earnings beat on WPC. One of my largest positions, and may add more. NNN has been a good choice for sure. ADC as well


LuukWierenga profile picture
Another great article I’m going to read.

One of my largest holdings right now is ADMA Biologics. Normally I don’t like those “look at these stocks I have” type of comments, but for once I’m going to highlight this stock because It’s a real gem in the biotech space.

For the rest of it I’m big into EPR and MAC and after I’ve grown my EPR position I’m going to stack more of your recommendations, especially Armada Hoffler.

Thanks again!
Jussi Askola profile picture
@LuukWierenga I appreciate your interest! And thanks for sharing your picks.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.