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Was that the quickest correction or what ?
Old 11-01-2014, 11:58 AM   #1
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Was that the quickest correction or what ?

I really don't know if this last market downturn meets the strict definition of a correction or not but the turnaround sure was fast. Glad I don't get too emotional about the market moving either way.

Did anyone make/lose any money in the last couple of weeks ?
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Old 11-01-2014, 12:19 PM   #2
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Looking at historical data for past 30-40 days.

For most part people sell when market is low and buy when its high . That is why investor returns are almost always below fund returns.
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Old 11-01-2014, 12:22 PM   #3
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All better! Well, maybe...

I didn't do anything. I do a lot less juggling of my portfolio now (in retirement), than I did in accumulation phase.
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Old 11-01-2014, 12:27 PM   #4
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I stayed put and pretty much tuned out the noise news.

Then looking at the headline today about all time highs again and went "Well, how about that?"
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Old 11-01-2014, 12:36 PM   #5
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I didn't do anything, and I'm back to the same level as late September. That was about 1.5% off the peak (the peak I measured*, that is).

*the timing of my pulls is erratic...I can pull my numbers, but it takes 20 minutes, so only do it when I'm bored or the market seems to be doing something.
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Old 11-01-2014, 12:48 PM   #6
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Definitely made lots of money.

10% dips and recoveries happen routinely, so this one was not that bad nor that unusual. Perhaps folks just haven't paid attention in the past.

How about May 6, 2010? That one lasted a few minutes if I recall correctly and even added "Flash Crash" to our vocabulary. I know I submitted a limit order 10% below an early afternoon quote and it was filled!

But a more normal one occurred in June 2013 and another around Sept 2012. Recovery can be shorter or longer.
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Old 11-01-2014, 01:08 PM   #7
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Definitely made lots of money.

10% dips and recoveries happen routinely, so this one was not that bad nor that unusual. Perhaps folks just haven't paid attention in the past.

How about May 6, 2010? That one lasted a few minutes if I recall correctly and even added "Flash Crash" to our vocabulary. I know I submitted a limit order 10% below an early afternoon quote and it was filled!

But a more normal one occurred in June 2013 and another around Sept 2012. Recovery can be shorter or longer.
What happened to people with Stop-Loss Orders during Flash Crash?
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Old 11-01-2014, 01:16 PM   #8
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Old 11-01-2014, 01:30 PM   #9
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I was wishing for a bigger & longer correction than 10% (I think it was actually 9.9% but that's splitting hair). Bigger correction could have shook out the weak hands and gotten more long term investors to commit. But this will do/work.
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Old 11-01-2014, 01:35 PM   #10
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I took no action, other than yawning.
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Old 11-01-2014, 01:51 PM   #11
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I was able to rebalance into energy funds, we'll see how that ends up, but it was all sticking to the plan.
I also Roth converted additional shares of two or three funds that had dropped more than 10% since the original conversions at the start of the year. Each fund into a new Roth account. I'll recharacterize the old losing conversion accounts next year.
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Old 11-01-2014, 01:52 PM   #12
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I had been pondering my AA and wanted a bit more in equities (from Bonds) so I took advantage of the dip and moved some funds in both my taxable account and my 401k. The downturn gave me a bit more "guts" to do it.
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Was that the quickest correction or what ?
Old 11-01-2014, 01:54 PM   #13
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Was that the quickest correction or what ?

During the last 45 days I lost about 7% on a mark to market basis from my personal peak as of Friday 31 OCT close. Overweight oils, and on margin - it was tough to dodge a 25% move straight down. I tried to trade it as best as I could. At several points in October I was seriously considering a hot bath and substituting the straight razor for the soap bar. Was fortunate that I also had a big stake in Apple, which held up rather well.

Overall now up 40.8% YTD time weighted return including dividends, margin interest and brokerage commission and not including withdrawals or additions to principal.


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Old 11-01-2014, 03:37 PM   #14
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During the last 45 days I lost about 7% on a mark to market basis from my personal peak as of Friday 31 OCT close. Overweight oils, and on margin - it was tough to dodge a 25% move straight down. I tried to trade it as best as I could. At several points in October I was seriously considering a hot bath and substituting the straight razor for the soap bar. Was fortunate that I also had a big stake in Apple, which held up rather well.
You need to dial it back, more than a little.
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Old 11-01-2014, 03:38 PM   #15
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I did nothing, although I was hoping for a more prolonged downturn. I wanted to max two IRA's and make a $12000 contribution to my solo 401k, but it looks like I missed the bottom. Oh well, I might just sell something in taxable and use the proceeds to contribute to IRAs and 401k.
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Old 11-01-2014, 03:49 PM   #16
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Did nothing....which was dumb as I'm in the mode of monthly buys anyway. I decided to stick with my discipline of buying once a month. That has screwed me several times this year!

Of course the minute I change it and shove more money in on a dip will the time the market is going to actually drop 30% and I'll be the schmoe who tried to catch a falling knife. LOL.

I'll buy more tomorrow as is my habit...
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Old 11-01-2014, 04:05 PM   #17
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All better! Well, maybe...

I didn't do anything. I do a lot less juggling of my portfolio now (in retirement), than I did in accumulation phase.
Was waiting for your "Wheeee" on rebound!
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Old 11-01-2014, 04:09 PM   #18
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Worked out great for me, of course I am an un-repentant market timer and a sometimes day trader so I look for pull backs all of the time, its what allowed me to ER in the first place. After last several days, actually almost 100% in cash....(till the next oppty <g>)
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Old 11-01-2014, 04:12 PM   #19
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Was waiting for your "Wheeee" on rebound!
I'm being good this time, aren't I?

To be honest, with my 45:55 (equities:fixed) allocation it hardly made a dent in my portfolio. So, it's hard to get too excited when things gradually undulate back to where they were.
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Old 11-01-2014, 04:22 PM   #20
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I saw my investment return dip to the return I use in predicting our IRA return long term which caused me pause, but I did nothing. I still have a major portion of our MRDs to withdraw so am considering selling one international fund which has been stinking up my portfolio if it fails to maintain an upslope in the next 30 days.
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