Today might be a good day to sell stocks?
And then what?
Buy fixed income. You know: Do the Rebalancing Thing.And then what?
Buy fixed income. You know: Do the Rebalancing Thing.
I bought the airlines at the open this morning. I was up nicely at the end of the day.
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?
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.
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.
OK, I agree with you somewhat, so why don't you contribute to the market timing thread: http://www.early-retirement.org/forums/f44/lol-s-market-timing-newsletter-57042-10.html It is also important to note when you sell something, too.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.
The power of positive thinking?The drop is my fault. I finally got around to having my 401k moved over to a Vanguard ira. It only took me 7 years. So the paperwork was faxed over today to liquidate my holdings and go to cash. The market was up at that time. It will probably take them a week or so to post this. And I will get paid the lowest close during that time.
It's always somebody!The drop is my fault. I finally got around to having my 401k moved over to a Vanguard ira. It only took me 7 years. So the paperwork was faxed over today to liquidate my holdings and go to cash. The market was up at that time. It will probably take them a week or so to post this. And I will get paid the lowest close during that time.