Ya know, if you think about it, for any of us who invest in the market, the ultimate best case scenario is for the market to stay low as long as we are buying, and then skyrocket right before we decide to sell. The record highs the market kept hitting over the past years was great for folks nearing retirement who were pulling out of the market, but it was terrible for younger folks who were buying in at elevated prices. This downturn will end up being a boon for younger investors who are just now starting their investment "careers" and have plenty of time left before they need to sell.
Well, what I noticed is that every time the market goes up, the market then goes down. Regardless of what anyone says.
I'm more interested in preserving capital than I am growing capital, so I'm now at 50% cash, up from 10% cash when all this started. So far, every add in to cash has preserved capital for me; sort of like trying to live to see another day; though not quite that dramatic. If I had been buying into this market over the past 5 weeks, I'd be in a lot worse shape than I am now. I'll obviously make less on the way up, but I'm not worried about that.
Yes. Exactly. I venture that we haven't seen the bottom just yet, but should it there are many of us who are willing bargain hunters who can and will take advantage of the bargains that present themselves.
I just looked - thru yesterday, I'm down 3.9% since Feb 1. If the DJI gets to about 12,000 I'll move from conservative to aggressive.
I apologize, I must have missed those previous posts of yours. I notice, however, that you play the "would have, should have" game. Yes, I should have sold in November of 2007 and should have bought in March 2009. But I didn't. Why? because nobody knew at the time that 11/2007 was the top and 3/2009 was the bottom. Neither did I. Therefore, I lose no sleep over what could have been, because it is easy to Monday morning quarterback, but it not easy to know what the future holds when you don't have the luxury of retrospect. You think now that it will be easy for you to get back in. I tell you that it won't. The saying is that the Dow climbs a wall of worry. You never know if the climb is just a dead cat bounce or an actual recovery. Once people have figured out the recovery is real, it is often too late, and they already sold low and are now buying high. You may have been lucky getting out at the right time. However most people attribute that lack to skill, which makes them overconfident in their next market timing move, and then they take a bath.
True. Luckily, I still have at least 8 years left to retirement. That will hopefully give enough time for the market to recover, and buy some stocks at a discount in the meantime. The ones who just submitted their retirement papers are the ones that really get screwed at the moment, at least if their equity allocation was too high for their age group and risk tolerance.
Don't you realize that a lot of current stocks will be worthless if the coronavirus panic continues? Those companies will go out of business.
Thank you for your well-reasoned and meaningful revelation. However, that revelation in no way negates the fact that the market downturn will be a boon to younger investors. Obviously, a younger investor can't just blindly throw money into the market, a little research and thought will go a long way. And those younger investors stand to make tidy gains in the coming years.
I am considering real estate opportunities. But, I expect that market to crash soon too and then, with the interest rates real low, it's time to get some. The market is what it is. I am now withdrawing my $ any time soon, so I don't care. I prefer real estate and for good reason.
Overall, my market allocations are probably about where they should be right now, but I lost of lot of money getting there.
It is still way too early to buy into SP 500 or any businesses other than GOLD miners. Maybe Amazon, and papa johns... haha.. Obviously the the raymond lames, edward Jones, and mutual fund sales agents called Investment Financial Advisers would tell you it is ALWAYS a great time to invest. Too bad the republicans destroyed the fiduciary Bill in Congress the second Trump got into office. Those who see this as a chance, maybe 6 months, or even 3 months, but that too will be temporary and until OLD regulations are back in place, the PONZI SCHEME US dollar is back under some type of gold backing, it is just time before a REAL CRASH takes place. US dollar is on its way out ! Dont let reality hit you in the backside when you can see it plain as day from the front !
Timing is EVERYTHING, investment advisers will always argue against it, that is how they make YOUR money. There will be a time in a year, maybe 1.5, or even 2 years that interest rates and pricing will be perfect. Only those that were smart enough to get out of the market 2 weeks ago or before, sat on their cash, and now wait will pounce. I hope you do well, if republican, or democrat, just remember the politicians are puppets to the BANKSTERS... You get the Delusional Illusion of participation when you vote. Other than that, it is all a big scam... I made a lot with a business, then investing in 2010 - 2015. Knew that 2008 was a can kicking ponzi printing scheme and got out in 2016. Been buying GOLD, Silver, and both their stocks since. Swing trade a couple and that works well. The hardest part is always Patience. Took years to develop that...
Went back to my end of February brokerage statement to see how I would have done if I had done nothing for the month of March, vs the various rebalancing and increasing of my cash allocation that I did do. I would have done slightly better doing nothing, theoretically losing 13.3% in March vs the 14.5% I actually did lose.
Ah, but it was so much higher then, it's lower than that now. For those that believe that this is the death knell for the USA, that we can never recover and will not become a prosperous, good place to live again -- my advice would be not to invest in anything.
I started out buying as the market went down. Then, I realized that family members are at risk of dire financial straits. Now, I'm just letting cash build up in case it needs to be sent out.
I guess it depends upon what one owns. I have a Roth IRA account that's down only 5.3% YTD. It consists of just 4 ETFs: FVD (stocks), TLT (bonds), GLD (gold), and IYR (real estate). However, that same account also under performed over the prior 3 years or so, gaining far less than the major averages.
So is anyone buying anything? I've slowly been buying some things, small amounts. I am around 72% cash at the moment.
I've sunk about $3000 into my Robin Hood account since this thread started. I've invested in energy and Vanguard ETF's mostly. I'm convinced my Halliburton and Occidental Petroleum purchases are going to pay out.
bought AAL at 11 and regret it. delta is on my hotlist for sometime in april picked up united UAL, in at 22 got in with amc then got out next day after further research thinking energy (tariffs?) and financials next
I've been buying a small amount each day. Have my long term hold "want list," and buy those when they are down. Trying to spread things out amongst various sectors. I bought small amounts of mREITs - MFA and RWT - regretted those so far. Still, many of their investments are government guaranteed mortgages, so the short term isn't important, we'll see what happens with the long term. Considering small positions in the airlines and energy. Did buy some LYB and DOW. Bought Parsley Energy (PE), sold for a modest gain, then it went up 20%. Doh!
