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Old 03-04-2014, 01:30 AM   #21
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I bought the airlines at the open this morning. I was up nicely at the end of the day.
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Old 03-04-2014, 09:38 AM   #22
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dang, I missed it ... Dow is up 197.47 today (Tuesday morning)... maybe I should sell, then buy back in when it drops...
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Old 03-04-2014, 09:44 AM   #23
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It looks like I might have picked an OK day to buy some stocks yesterday. But knowing my luck, the Dow will reverse course by this afternoon.
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Old 03-04-2014, 10:05 AM   #24
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The short term market seems to over react to news stories both up and down. No wonder why market timing is such a bad idea.
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Old 03-04-2014, 10:21 AM   #25
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I've had some cash sitting on the sidelines waiting for a big one day drop. I know, I know...market timing. Well, it seems like as good a day as any to start buying. Nothing exciting for me here, just the usual index funds. Orders have all been placed.

Anyone else using today's drop to catch up on putting some cash into the markets?
Guess you were right....S and P up 25pts!
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Old 03-04-2014, 10:25 AM   #26
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Today might be a good day to sell stocks?
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Old 03-04-2014, 10:56 AM   #27
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Today might be a good day to sell stocks?
And then what?
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Old 03-04-2014, 11:36 AM   #28
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I sold some 'Putin Puts' yesterday, and bought them back earlier today.


That worked, but I was long overdue for a 'win'.

-ERD50
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Old 03-04-2014, 01:07 PM   #29
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And then what?
Put in a buy order for a lower price.
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Old 03-04-2014, 07:12 PM   #30
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And then what?
Buy fixed income. You know: Do the Rebalancing Thing.
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Old 03-04-2014, 07:16 PM   #31
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Buy fixed income. You know: Do the Rebalancing Thing.
It seems like each time I sell some Vanguard index funds I'm restricted from buying them again for another 2 months. Maybe if I was buying the ETF version it might be different? But in any case, I'm not trying to turn my mild addiction to market timing into a full time day trading job.
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Old 03-04-2014, 07:43 PM   #32
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The buying restriction is only for buying with a computer mouse click. One can buy with a letter. Folks state that one can set up a one-time automated buy as well.

But yes, the ETF versions do not have frequent trading restrictions.
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Old 03-04-2014, 11:04 PM   #33
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I bought the airlines at the open this morning. I was up nicely at the end of the day.

Excellent pick
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Old 04-04-2014, 01:56 PM   #34
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Looks like another good day to buy stocks today. I have my orders placed (index funds of course!).
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Old 04-04-2014, 02:03 PM   #35
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Chuckle. I can't answer Op's question without being a smart S. Apologies in advance my tongue in cheek answers:

- Yup, Thursday is good as any other day.
- Any day is a good day to invest in stock if you are in market for a long time. Sorry .
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Old 04-04-2014, 02:09 PM   #36
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Chuckle. I can't answer Op's question without being a smart S. Apologies in advance my tongue in cheek answers:

- Yup, Thursday is good as any other day.
- Any day is a good day to invest in stock if you are in market for a long time. Sorry .
Fair enough, but in what part of the world is it still Thursday?
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Old 04-04-2014, 02:32 PM   #37
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Stocks have gone up 600% since I started investing in them 25 years ago.

Trying to time over such a fractional part of the long term result seems fruitless.
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Old 04-04-2014, 02:38 PM   #38
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Fair enough, but in what part of the world is it still Thursday?

For today (4/4/14), it seems a Friday is also a good day to buy.

I am thinking of a(ny) Thursday in future, in midst of a full correction. If a correction happens, I will add biotech ETF to my portfolio. I missed out on previous biotech runs .
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Old 04-04-2014, 02:58 PM   #39
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I'm not going to make the case for market timing, but buying on a day when the market is down 2.5% (Nasdaq) is not completely meaningless. Remember what John Bogle taught us - cost matters. If I can buy stock at 2.5% less today than yesterday, I have a 2.5% advantage over anyone who bought the same stock yesterday. We pay attention to figures down to a few basis points in looking at expense ratios. Why completely discount buying on a day when the market is down 250 basis points? Buying on the dips clearly has some merit, even if it is a form of market timing.
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Old 04-04-2014, 03:30 PM   #40
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I'm not going to make the case for market timing, but buying on a day when the market is down 2.5% (Nasdaq) is not completely meaningless. Remember what John Bogle taught us - cost matters. If I can buy stock at 2.5% less today than yesterday, I have a 2.5% advantage over anyone who bought the same stock yesterday. We pay attention to figures down to a few basis points in looking at expense ratios. Why completely discount buying on a day when the market is down 250 basis points? Buying on the dips clearly has some merit, even if it is a form of market timing.
Except you need to add some context to that, and then it is not so clear.

First, you would need to be in a position where you wanted to take on more equities. Now, once you get to that position, the question becomes 'do I go in now, or wait for a dip?'.

But that dip may never come, and then you are left behind. You could be stuck in 1988, with S&P500 @ $259 waiting for that buying dip, and looking at everyone else with their shares valued > $1,800.

I think history says you are better to go all in with any new purchase, though DCA can be helpful emotionally.

A 2.5% drop might be a time to rebalance, but that was probably done on the way up and generally isn't a big enough change to trigger a rebal.

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