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Old 08-24-2015, 12:50 PM   #61
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No worries, I'll wait it out.
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Old 08-24-2015, 01:43 PM   #62
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I golfed today and just heard on the news on the way home that the Dow opened down about 1,000 and then bounced back. Not particularly unexpected. Perhaps too many people watched that CNBC special last night.
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Old 08-24-2015, 02:01 PM   #63
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If you are on the back nine now, the DOW has again fallen 600 points.

Might want to make it 27 holes if you can walk that much.
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Old 08-24-2015, 02:05 PM   #64
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If you are on the back nine now, the DOW has again fallen 600 points.

Might want to make it 27 holes if you can walk that much.
Walk?
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Old 08-24-2015, 02:11 PM   #65
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Walk?
Come on, the only redeeming thing about golf is that you get to walk in what is generally a nicely landscaped area.
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Old 08-24-2015, 02:11 PM   #66
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There are more market timers and/or folks without the temperament to be in the market here than I thought, or they're more panicky vocal?
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Old 08-24-2015, 02:25 PM   #67
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There are more market timers and/or folks without the temperament to be in the market here than I thought, or they're more panicky vocal?
I haven't heard of anyone much who is selling. Everyone is buying the big dips or maybe doing a bit of opportunistic day trading. Only that one guy who sold everything and is sitting on 3 million cash
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Old 08-24-2015, 02:28 PM   #68
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There are more market timers and/or folks without the temperament to be in the market here than I thought, or they're more panicky vocal?
Really? I haven't been reading all the threads so maybe I'm missing them. I see some market timers looking to jump in, good for them. If you can make 5-10% in this swing, you can be pretty flat the rest of the year and still have a decent year. It's not my strategy, but some can make it work.

I don't think I've seen anyone bailing out of the market, which is what I would consider not having the temperament to be in the market.

I'm seeing a lot of people like me, commenting, but also watching and holding the course. To me, that's like commenting on the weather.

Which threads are you see people being panicky vocal?
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Old 08-24-2015, 02:35 PM   #69
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Yeah, I don't see anyone posting that they want out of the market.

In my case, we really weren't affected by the last crash or would be by this one (if it is a crash), but I still will worry about what happened a few years ago when people like my son-in-law were out of work for two years (and if going back to work was one's fall-back plan B if all hell broke loose, it might not have been an option), houses were foreclosed on, dividend stocks quit paying dividends, etc., etc. I think those are valid concerns at this stage, not that I expect them to happen, but they did before. Smarter people than I are posting here about how this little sell-off is more likely a blip and a correction, and I am certainly happy to read those sentiments!

Soon W2R will be reversing the whee, and we can all relax .
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Old 08-24-2015, 02:37 PM   #70
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So much talk right now about buying low, when a low cannot be predicted. I totally respect the strategy of buying low and selling high, and using reserved cash to buy into the market after a plunge. I just think that I'm not one of those people.

For those like me who have a multi-year reserve of cash and bonds, I am not inclined to use that money to buy into the stock market at a time when I literally have to guess that the market is at or near a low. I will instead use that money and fixed income to ride out any storm.

A lot of what I'm seeing on this board right now is a take-the-cash-out-of-mothballs-and-invest mentality.

Is anyone else just sitting tight?
As I expect to be working for the next 25 years or so, this would have been a nice opportunity for me to invest more (90/10 AA) had I the spare cash. Alas, I've already got as much as I can spare auto-invested from the paycheck to the 457(b) and Roth IRA so whatever the market does, I'm on enforced DCA.

Had I been on the other side of the retirement fence, the only buying I'd do would be to rebalance the AA. I wouldn't be using cash reserves intended to counteract equity risk to buy even more equities.

Although to be honest, if it hadn't been for my co-worker who checks the markets daily, I wouldn't even know the state of the market right now.
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Old 08-24-2015, 02:38 PM   #71
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I would buy but I can't seem to get on the rollercoaster with it moving soo fast.

DCA for me as always.

I used my spare change to buy AAPL back at 125 . I kinda use AAPL stock as my short term emergency fund...I know its a terrible idea...good thing I don't have any emergencies right now...if I do Duct Tape will have to suffice. I buy AAPL, I sell AAPL, then I buy more AAPL, then I sell some more.

I do trade stocks, but only make less than 20 calls a year.
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Old 08-24-2015, 02:50 PM   #72
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I bought some in my DD's Roth. Other than that, just going to rebalance in October.
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Old 08-24-2015, 03:28 PM   #73
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I am sitting tight and having a cocktail. I just retired at the beginning of the month so this market action feels personal, but I am comfortable with my current cash allocation. I am still not sure where and how I will manage short term expenses and I also need to write out a set of rules for rebalancing. In the past month I have sold off some winners and exchanged them for better opportunities. Fortunately the stocks I bought have held up well in the recent market action. I do see many more stocks trading at attractive levels but I am more comfortable to sit tight until I get my AA rebalance rules set up and validate actual expenses in retirement.
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Old 08-24-2015, 03:42 PM   #74
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My lust-o-meter is awakening. What with us well into preseason and my vision of a few good stocks coming into bargain buy range.

However real money(aka my retirement portfolio) is full auto in balanced index life cycle funds so those trusty Vanguard computers were/are re-balancing away while I 'hurry up and just stand there'.

heh heh heh - a few more thousand points down and I may have to do some stock market tailgating. Scrounge up some 'mad money' and buy a 'few good stocks'.

? Suggestions?
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Old 08-24-2015, 04:31 PM   #75
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I can't resist a buying opportunity, so even though my rebalancing bands weren't out of whack, I put in buy orders for some of my allocations.

I'm still accumulating, so my situation is different than most here. I see very little downside buying now for funds I won't need for at least 5-10 years. I'd be quite content if markets would struggle for a prolonged period of time, but I'm skeptical that will happen.
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Old 08-24-2015, 04:50 PM   #76
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I put about 150k into my index mix. Been cash heavy for most of the year so glad to allocate that a bit better.

Took me from about 25% cash to 21%... But the problem is back up to 25% because of the drop in the portfolio.

I'll buy drops until I have about 2-3 years cash and then try to ignore it altogether.

After years of guessing wrong I'm excited to start some new hobbies .

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Old 08-24-2015, 06:44 PM   #77
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Yeah, I don't see anyone posting that they want out of the market...
If someone thinks badly of people who buy into a falling market, what does he think about people who buy when the market is going up and up?

How does one make money then? Buy high, sell higher? Buy high, never sell? Never buy, never sell?
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Old 08-24-2015, 06:52 PM   #78
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I put about 150k into my index mix. Been cash heavy for most of the year so glad to allocate that a bit better.

Took me from about 25% cash to 21%... But the problem is back up to 25% because of the drop in the portfolio.

I'll buy drops until I have about 2-3 years cash and then try to ignore it altogether.

After years of guessing wrong I'm excited to start some new hobbies .

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Sheez. With a $4 million dollar portfolio, I think I would just be 100% US treasuries and never even look at the market.
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Old 08-24-2015, 07:01 PM   #79
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If someone thinks badly of people who buy into a falling market, what does he think about people who buy when the market is going up and up?



How does one make money then? Buy high, sell higher? Buy high, never sell? Never buy, never sell?

I got 25% of my money in VTSAX and wish I had 0%. I knew I was an investing wimp but gee.... Im still clinging to a 1% yearly gain no thanks to VTSAX. I feel like I have lost a fortune when I haven't lost anything....yet... But I wont sell though I want to. Because I know it will eventually climb again and I will be itching to get back in again...right at another top!


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Old 08-24-2015, 07:02 PM   #80
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Maybe if rates actually got above inflation .

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