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Stock Market Musings...........
05-27-2010, 11:00 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Stock Market Musings...........
What do folks say?
The OPTMIST: "Markets go up and down all the time, it's a great buying opportunity".........
The PESSIMIST: "The Dow is going to 7,000. The world sucks, the sky is black, my dog hates me"..........
The MASOCHIST: "My portfolio is down 40% and I LOVE IT"!!!
The NARCOLEPTIC: "I'm going to go sleep on it"..........
The DAYTRADER: "Cool, I only lost $25,000 today.....because I forgot to unwind my short positions"..........
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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05-27-2010, 02:21 PM
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#2
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Full time employment: Posting here.
Join Date: Apr 2009
Posts: 939
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Hmmm. I sold most of my stock mutual funds the other day - I like buying individual stocks - I realize I am an anomoly here. I just haven't seen much growth in mutual funds lately and I'm making a lot on dividend stocks. Anyhow, I decided that as the market went down, and then down, and then down (and okay, up now) it was "the death of a thousand cuts" and it was making me nuts. I'll buy back in when things calm down. Not sure WHAT I'll buy.
I still have most of my money invested in a variety of dividend stocks, bond funds I inherited (paying well so far), ST bonds, a few growth stocks. A lot of the dividend stocks have a significant capital gain but I'm holding them for the dividends.
So - having said all that - I see the market as rocky for a while. I want a little more peace of mind. I swore that around 9600 I'd sell mutual funds that weren't showing much movement (these were not dividend paying). And I did - I just didn't wait quite that long.
Can't wait for things to get better - I have to MAKE my money work. Or at least not drop much more. July 2 is RE day... 25 more work daze.
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I used to be “Thinker25” here. Retired at 62, now 73 (in 2021), no regrets & single again. I love it. I’m in RI.
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05-27-2010, 03:23 PM
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#3
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Recycles dryer sheets
Join Date: May 2006
Posts: 465
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I think I fall into the "narcoleptic" category. I'm ignoring the market as best I can and I'm not making any significant changes other than accumulating a little bit of cash in case a great buying opportunity arises (assuming I'll recognize one if/when it happens).
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05-27-2010, 04:05 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Actually I used the downdraft to rejigger things a bit. I sold off some stuff that held its value pretty well, but which I had been thinking about parting with (for months). I put the proceeds into things offered at silly discounts (like FTF, which was suddenly on sale at better than a 10% discount to NAV after recently trading above NAV) and into something I have been wanting to build a position in for a while (CHK). I am about where my target allocation suggests, so I will sit tight for now.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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05-27-2010, 05:12 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Another narcoleptic I guess. I wake up once a month, see whats lagging the most in my AA and invest in that.
DD
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At 54% of FIRE target
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05-27-2010, 07:07 PM
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#6
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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A few days ago I sold off my value index at a small capital gain and put roughly 50% of the money into my europe index, 25% into individual stocks and 25% into cash.
What prompted me to sell the value index was that my emergency cash was not where I wanted it to be for months, but I had a good capital gain in the value index. So, I was just letting it ride. Due to the decline I was losing my cushion of capital gains and had to sell. So, that I could get my emergency cash where I wanted it. I didn't want to wait any longer and end up in a situation where if I sold the value index I would have a capital loss.
Of course I didn't have to sell off all of the value index, but I am glad I did. I think I got a good deal out of it. My emergency cash is now where I want it (one year's living expenses) and I was able to increase my overall dividend yield. I hope the market stays where it is so I can keep buying cheap.
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05-27-2010, 07:26 PM
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#7
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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I am a slight Pessimist . I just get more frugal as the Dow drops . Just like gambling I am a great winner but a sore loser !
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05-27-2010, 08:18 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
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Quote:
Originally Posted by Moemg
I am a slight Pessimist . I just get more frugal as the Dow drops . Just like gambling I am a great winner but a sore loser !
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That's consistent with the studies by Kahneman & Tversky - for most of us the pain of loss is greater than the joy of gain.
__________________
Budgeting is a skill practised by people who are bad at politics.
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05-27-2010, 11:48 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Quote:
Originally Posted by traineeinvestor
That's consistent with the studies by Kahneman & Tversky - for most of us the pain of loss is greater than the joy of gain.
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And thus fortunes are lost...
DD
__________________
At 54% of FIRE target
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05-28-2010, 07:49 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,434
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I kind of got tired of worrying and decided to retire and just take the knocks if they come.
Think about it. If there is any way a person is supposed to get fixed income, the threated risk is huge and no one really knows anything about what will actually occur.
If I say that a hurricane will sweep across my home in the future then I will be right at least once or twice. If I say it won't I will be right most of the time.
I still think that if they keep saying that you cannot win then you might as well decide to enjoy your life anyway.
I realized this when I made those perfect market moves to cash at just the right time and didn't lose anything. But, wait, that cash isn't worth a confederate down the road. So I'll go to bond. But wait, those bonds also aren't worth a continental down the road.
No problem I have my pension and SS. But wait....
Be happy!
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05-28-2010, 12:09 PM
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#11
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Shorts are paying good today
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FIRED at 39 in 2008...
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05-28-2010, 12:22 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: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Those three billy goats must be walking across the bridge again...
__________________
Numbers is hard
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