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06-10-2011, 01:49 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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Entry point
 Hello, All. I have a substantial amount of cash from closing on a property. I am looking for an entry point from this latest correction. Any market timers out there?
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06-10-2011, 01:53 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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I would shoot for the bottom. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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06-10-2011, 01:56 PM
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#3
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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+1 
Or shoot myself; either way, I'm covered  ...
BTW, I've never been a "timer", so I have no idea...
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06-10-2011, 02:08 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Not a timer but this may interest you: Lump sum vs DCA - Bogleheads
DD
__________________
At 54% of FIRE target
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06-10-2011, 02:20 PM
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#5
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gone traveling
Join Date: May 2011
Location: Portland
Posts: 133
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It was a pretty good correction so far.
You *could* DCA, or you could buy half now and sell a cash secured put on the other half for something like a sept. expiration date. For example, VTI closed today at just under 66. You could get $2.33 for selling a September $65 put. You would pay no tax on the money from the put if it is assigned to you (it goes on to the basis).
I wish the puts had a bit more premium though. I don't know if I would do this for only $2.33.
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06-10-2011, 03:04 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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I'd wait till it hits the bottom and then jump in.
__________________
Work is something you do to get enough $ so you don't have to....Me.
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06-10-2011, 03:09 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,331
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We need another four hundred points down to get to a correction. But who knows if we will get there, or get a lot farther 
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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06-10-2011, 03:22 PM
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#8
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gone traveling
Join Date: May 2011
Location: Portland
Posts: 133
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If you buy now, you are guaranteed that you did not buy at the top...so that is something 
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06-10-2011, 03:42 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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 Quote:
Originally Posted by DoraM
If you buy now, you are guaranteed that you did not buy at the top...
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...and if you call within the next 20 minutes they'll throw in a FREE set of Ginsu knives! 
__________________
Numbers is hard
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06-14-2011, 12:43 PM
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#10
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Recycles dryer sheets
Join Date: Jun 2011
Location: Hollywood
Posts: 50
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QE2 is ending, so the market may dive for a couple of months due to fear of how the economy will handle itself on it's own. Wait a couple of months...there may be a substantial correction looming.
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06-14-2011, 01:23 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
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Wait until something is really cheap, then sell at it's highest price.....easy
Now seriously, choose an AA appropriate for your investment goal, keep fees low and dollar cost average into it over 6 or 12 months. It's boring, but gets you away from.
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06-14-2011, 03:44 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,331
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Quote:
Originally Posted by nbw888
QE2 is ending, so the market may dive for a couple of months due to fear of how the economy will handle itself on it's own. Wait a couple of months...there may be a substantial correction looming.
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Maybe, but a lot of economists say the effects of QE2 won't be felt until late this year.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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