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Old 12-06-2018, 11:47 AM   #121
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... this forum gave me just a bit more confidence in staying put than I would have had otherwise.
Yes. FAs are frequently bashed here, but the ones that keep their clients on course provide this same valuable service.

I was talking to an FA one time and he said: "Look, if once or twice I keep a client from bailing out when the market tanks I have more than earned the total amount of fees that they will ever pay me."

There is some truth in that. Coaching helps, whether here or from an FA.
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Old 12-06-2018, 12:48 PM   #122
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So is anyone buying? I did a little buying at the end of Oct (?) or so when the market went down to about similar levels but I think I'm going to stay put this time unless the market drops another 5%+
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Old 12-06-2018, 12:49 PM   #123
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interesting point. I have never had an FA nor ever expect that i will in the future.

Always assumed that all but a very few were always churning their clients money, as that is how they make the most for themselves. So, a "scary' market would be a gold mine since clients in ignorance might assume then that selling was a "good' thing.

if you have or even know of a FA that would give the advice you describe, then such a one is worth their fee.
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Old 12-06-2018, 12:54 PM   #124
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no buying yet here. Too busy today with life in general: grocery shopping, lunch out, mammogram, dog walking, cat and dog medicating and feeding, etc.

nice to see it coming back a bit right now. Wonder if the institutional activity that usually occurs in the late afternoon will shore it up with some large scale buying, or conversely drop it more with large scale selling.
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Old 12-06-2018, 12:57 PM   #125
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VIX update. 9 mo. high.
https://etfdailynews.com/2018/12/06/...9-month-highs/
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Old 12-06-2018, 01:04 PM   #126
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So is anyone buying? I did a little buying at the end of Oct (?) or so when the market went down to about similar levels but I think I'm going to stay put this time unless the market drops another 5%+
I've now taken three nibbles (about 10% of my cash allocation each time) on days where S&P was down 10% or more from its peak. Still sitting on about 10% cash position overall that I plan to move in slowly over the course of time, hopefully riding the way down before a market turn.
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Old 12-06-2018, 01:07 PM   #127
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On a serious note, I wonder how many readers of threads like this get a level of comfort knowing that they're not alone in 1) their concern and 2) holding the course.

I've learned a lot here in the past 10 years, but I know in '08 this forum gave me just a bit more confidence in staying put than I would have had otherwise.
+1
I visit this forum daily (even though I don't post much) and gives me strength to stay with my plan. Thanks to all the smart and wise members who post regularly.

This too shall pass......
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Buying
Old 12-06-2018, 01:08 PM   #128
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Buying

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So is anyone buying?
I've been trading some cash for equities. Whenever the market is down significantly there's a good chance I'm buying.
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Old 12-06-2018, 01:10 PM   #129
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This forum is probably the main reason I’m not having a nervous breakdown right now. Try to relax, stay the course I keep telling myself.
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Old 12-06-2018, 01:11 PM   #130
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I buy every 2 weeks. DCA takes the guess work out. I realize a disciunt when I see one
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Old 12-06-2018, 01:14 PM   #131
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Noticed this am my bond/cash allocation just crossed the 5% band yesterday.....will wait a little to buy some equities.
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Old 12-06-2018, 01:20 PM   #132
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Noticed this am my bond/cash allocation just crossed the 5% band yesterday.....will wait a little to buy some equities.
Thanks for reminding me to check!

My AA is supposed to be 45:55, and I rebalance when the equity portion either exceeds 47.5% or drops below 42.5%. Right now it is 43.08%. No need to rebalance just yet, and since I always rebalance the first week in January, I'll probably just wait until then even if it drops a little below 42.5%.
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Old 12-06-2018, 01:23 PM   #133
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I also do DCA but when the market drops more than avg I tend to throw a bit of extra cash into it.
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Old 12-06-2018, 01:34 PM   #134
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So is anyone buying? I did a little buying at the end of Oct (?) or so when the market went down to about similar levels but I think I'm going to stay put this time unless the market drops another 5%+
Yep, bought some as had a little cash sitting in accounts (ROTH) that is not going to be touched for a long time, I hope
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Old 12-06-2018, 01:53 PM   #135
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Yep, bought some as had a little cash sitting in accounts (ROTH) that is not going to be touched for a long time, I hope

Just dropped an extra 3grand over into VMMXX...I'm in no hurry though. I am almost confident things are gonna get worse before they get better at this point. Waay too much uncertainty in the market.
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Old 12-06-2018, 02:35 PM   #136
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I wonder about the algorithms and what they mean for the future. Historical returns (especially like the FIRE calculator) make assumptions that really don't account for the high percentage of automated trading we have today...and will probably only continue to increase.

We are sitting on a decent amount of cash that I would like to throw back in, but I am hesitant when I see these 1.5-2% drops in a day. I tell myself that my pension pays all our expenses, and we can certainly weather the equity storm that is brewing, but it's a tough hurdle to get over right now.
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Old 12-06-2018, 02:48 PM   #137
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I'm feeling the EXACT same way.

Markets don't tend to drop 5-6% in 2 days (!) based on essentially no real "major" news. The fact this market has is 100% IMHO showing what a casino it has become, indeed.

I long for the "olden" days when buy and sell decisions were being made by real people trading on fundamentals, vs algorithms trading on whether the sun is in the third quadrant of jupiter, the S&P chart is showing a triple lutz inverted backflip pattern, some random politician in Washington tweeting that they are not ordering Chinese take-out for dinner today, or other such malarkey.

This ain't our father's stock market, that's for sure.
That's what I meant by "casino"
You have to ask yourself :
How can something that's been so good for so long, turn so bad so quickly?
On no real news? That sounds like gambling to me.
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Old 12-06-2018, 02:57 PM   #138
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Looks like a triple bottom reversal. Bada bing bada boom.
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Old 12-06-2018, 03:09 PM   #139
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That's what I meant by "casino"
You have to ask yourself :
How can something that's been so good for so long, turn so bad so quickly?
On no real news? That sounds like gambling to me.
This actually started at the opening of 2018. I'm not wise enough to string together the underlying reasons, or the "news" that affects day-to-day. This will be the norm until there is sustained positive news.
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Old 12-06-2018, 03:18 PM   #140
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Soooo happy I have nothing in the market. Not sure this old heart could stand much of this stuff.

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