The recent stock market downturn has been painful, to put it mildly. Nobody likes watching the value of their stock portfolio or 401(k) declining. And don't forget that there's real pain going on in the economy right now for many people.
Having said that, I like to keep some cash on hand to use for great long-term investment opportunities when stocks get beaten down, and I recently added to three of my existing stock positions that should still be excellent investments over time. Here's why I thought it was a good idea to double down on Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Empire State Realty Trust (NYSE: ESRT), and Ryman Hospitality Properties (NYSE: RHP).
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