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Yes the Bulls went after the Bears
To come from behind like that
Funds must have been back in action buying to level out
Maybe companies' buying back shares as well
I sold 99.8% of my IRAs 2 months ago. As of now, that is the ONLY investment that is NOT going down and just sits in money market account. I left 2 small stocks as gauge to see how it keeps falling down.
Thing is, this was all predicted about a year ago by Russian economists I listen to. Basically, collapse of Bretton Wood system, with according repercussions into any market.
And your accounts are held in which functional currency?
I decided to stick my toes in. Bought small amounts of Google, AVGO, Visa, ITW, Boeing, Amazon, XBI. Just small amounts and will add if the market goes lower. Had limit orders in for Pepsi and UTG (close end) but prices started going up and I lost those. I also sold some shares in BABA as a tax loss.
We've been drawing a RMD for 15 years. I can't just let cash sit doing nothing. I bought today when the Dow was down 500 points. Thought for sure it was going to wipe out yesterdays gains. But things started turning late in the day so i'm up in everything I bought. Fingers crossed about tomorrow.
So far, the futures are up slightly.
I sold 99.8% of my IRAs 2 months ago. As of now, that is the ONLY investment that is NOT going down and just sits in money market account. I left 2 small stocks as gauge to see how it keeps falling down.
Thing is, this was all predicted about a year ago by Russian economists I listen to. Basically, collapse of Bretton Wood system, with according repercussions into any market.
As someone else said (here at CD) maybe you can't time the DAY that the market will take a hit but you can "time" the period. And it sounds like you did that. I don't understand not selling if you see troubled times coming.
I save money wherever I can. And I am not comfortable watching the stock market erase tens of thousands of dollars in wealth if I can step out of the market for a few weeks or months.
no you can't time the period either to be out . in fact in all the decades i have been an investor , never has it looked like a time not to be in . there is always been a damn good reason why " now " is not a good time and we were waiting for the other shoe to drop .
you can see how poorly small investors as a group do trying to do exactly that , avoid the drops just by looking at morningstars small investor returns . they always lag the funds themselves just doing nothing but riding the wave .
" market timers always want to miss the worst-performing days, an even bigger issue than the problem of missing the best days.
The predicament, however, is that the worst days are equally concentrated and just as difficult to identify in advance as the best days. avoiding a period does not work , you need to avoid the day .
If someone could have avoided the worst days, they would have obtained true guru status because of the value of missing the worst-performing days in the 20-year period from 1998 to 2017.
If the 40 worst-performing days of the S&P 500 Index were missed, an investor’s increased return would have been 952% more than investors who stayed in the market every day throughout the entire 20 years.
The problem, however, is finding the crystal ball that can forecast the 40 worst performing days out of 5,036 days. "
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Quote:
Originally Posted by ChessieMom
So.... how do you do that? You have a "few hundred K" just sitting in cash?
Not being nosy...just curious. I'm always wondering how you folks buy buy buy all the time...are you selling something to get that money to buy stocks??
Allocation, my dear...
Follow the plan... (and yes you will have a few hundred K in cash if you are over age 60 and following a 40/60 or similar allocation (even in a <$1m portfolio. )
Many here are in $6m-$10m range (not me) so a few hundred K is a small amount of their cash / equivalents.
You need to BUY when the opportunities knock, as you nearly always make your wins on your entry point (on most any investment). And those who follow the plan do so intentionally (have already done their homework). Yes... High pucker factor buying when the pundits are calling for the sky to fall.
Just follow the plan.
The pundits will always be there (right and wrong).
ooooh yeah ... i need a strong market to support my drumming lol .... my wife gets an equal amount for hair , make up and mani and pedi's i think ..... not to mention the weekly delivery of clothes ha ha ha so i think we are even .
Last edited by mathjak107; 12-28-2018 at 06:52 AM..
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I'm always wondering how you folks buy buy buy all the time...are you selling something to get that money to buy stocks??
