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So, as I had guessed a few months ago, the market is going down and i think will continue to go down for the next few months....(of course i could be wrong).
Are you as excited as i am to see the RED?
I'm getting cash reserves ready for a gradual 'shopping spree' over the next few months, and wanted to know what your 'guess' is as far as the bottom for DOW and S&P.
So, as I had guessed a few months ago, the market is going down and i think will continue to go down for the next few months....(of course i could be wrong).
Are you as excited as i am to see the RED?
I'm getting cash reserves ready for a gradual 'shopping spree' over the next few months, and wanted to know what your 'guess' is as far as the bottom for DOW and S&P.
If guess your joy is partially due to the fact you have been plowing a lot of money into your mortgage over the last few years instead of the market. It is often overlooked though as a buying opportunity but the truth is a down day cost me more than the buying opportunity is worth. Saying it another way if you have 100k in the market and it's down 5% so you throw another 10k in was the 5000.00 loss worry the buying opportunity? I dca every payday more into the market and have some dry powder but this hits are still more impactful
IMO...You can't look at the market day to day...if you do you will be sad by what you see. Don't try to time the market...if you do you'll never get ahead.
DCA is your friend...stick with it...increase your contribution with your salary bumps.
Invest for the long term. If the market goes down, who cares.....still have to go to work tommorow. Get the simple things right FIRST, invest alot and invest early and invest every payday. Why make it more difficult then it needs to be.
When it drops, what will you do? Buy some more stocks, then wait another 5-6 years to see the return. Just keep on investing.
So, as I had guessed a few months ago, the market is going down and i think will continue to go down for the next few months....(of course i could be wrong).
Are you as excited as i am to see the RED?
I'm getting cash reserves ready for a gradual 'shopping spree' over the next few months, and wanted to know what your 'guess' is as far as the bottom for DOW and S&P.
Not that much of a downturn at this point. I usually don't buy extra shares until Morningstar's stock market valuation index falls to .9 or lower (10% undervalued or more). Right now it's at 1.0, which means stocks are right at fair value.
If guess your joy is partially due to the fact you have been plowing a lot of money into your mortgage over the last few years instead of the market. It is often overlooked though as a buying opportunity but the truth is a down day cost me more than the buying opportunity is worth. Saying it another way if you have 100k in the market and it's down 5% so you throw another 10k in was the 5000.00 loss worry the buying opportunity? I dca every payday more into the market and have some dry powder but this hits are still more impactful
Yes, this is exactly my situation. I don't have that much dry powder, so the few hundred bucks I can spare is not going to make that much of a difference. For that reason, it's really not worth it to me to add extra money until stocks are 10% undervalued or more. As mentioned in my previous post, they're right at fair value. Some sectors are a little below fair value, but none are 10% undervalued or more.
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