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"Buy when there's blood in the streets, even if the blood is your own."
Old 09-29-2008, 06:20 PM   #1
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"Buy when there's blood in the streets, even if the blood is your own."

Buy When There's Blood In The Streets
Most people only want winners in their portfolios, but as Warren Buffett warned, "You pay a very high price in the stock market for a cheery consensus." In other words, if everyone agrees with your investment decision, then it's probably not a good one.
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Old 09-29-2008, 07:01 PM   #2
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Not that this was timing or anything (I put the order in over the weekend and had been planning it awhile), but my allocation switches from 90/10 to 100/0 at the end of today's closing. If I had more money, I would definitely be buying more at 100/0 if I could.
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Old 09-29-2008, 07:16 PM   #3
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Dex:
Unfortunately it is my blood that is in the street.

So it is hard not to hold on to my cash even though I am tempted to buy. I bought some about a week ago and it is much lower than what I paid for now.

mP
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Old 09-29-2008, 07:47 PM   #4
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I slid 10K into Vanguard total stock market today.
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Old 09-29-2008, 07:55 PM   #5
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Quote:
Originally Posted by 73ss454 View Post
I slid 10K into Vanguard total stock market today.
Thank you for being a blood donor.
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Old 09-29-2008, 08:28 PM   #6
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I alway do the right thing. Gulp!
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Old 09-29-2008, 08:36 PM   #7
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I'm kind of glad I didn't hit the house until after 6 pm. Earlier, had I been at the key board, it would have been a strong temptation to add a little more Vanguard Total Market Index. Listening to the pundits was frightening. How about that BRKB?!
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Old 09-29-2008, 08:57 PM   #8
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Blood in the streets is one thing, but I object when the body parts are blocking the drains!!

Yeesh !

But not as spectacular as some days:



ta,
mews
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Old 09-29-2008, 11:25 PM   #9
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Yeah, edit that chart to remove any statistic from 1933 and earlier and you'll see today's rank was pretty impressive in terms of the last 75 years.

BTW - -8.8% on the S&P500 and -9.1% on the NASDAQ

Audrey
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Old 09-29-2008, 11:33 PM   #10
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I haven't been in the street since May 07. They're gonna have to wash some of that blood (& body parts) out of the street before I go back out there.
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Old 09-29-2008, 11:39 PM   #11
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Another $550 went into the market last Friday. The market mocks me. Another $550 goes into the market a week from Friday, maybe it will buy me majority share in a brokerage house!
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Old 09-30-2008, 01:16 AM   #12
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Love the quote!
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Old 09-30-2008, 08:03 AM   #13
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Well, it's the last day of the month, which means 401K money gets invested in the market for me. Which means we'll have a one-day upturn so I buy higher, and then down it will go again...
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Old 09-30-2008, 10:37 AM   #14
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great article - thanks for the link!
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Old 09-30-2008, 11:47 AM   #15
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My next buy target is about 1.5% below Monday's close, so I was close to adding about 3% to equities but didn't quite make it. Looks like I'll have to wait for the next big disappointment. I only have one more 3% to add after this and then I'll have to just wait or borrow.
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