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Old 06-22-2013, 07:04 AM   #21
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I wrote puts on Tesla at 80 so if the market pulls back 20% I'll probably own that stock.
There's a mall up in Denver that has a Tesla store with a Red Model S in it.
Great car.

I do like the company long term but if the stock climbs another 5%, I will most
likely short it. I do think you will be able to buy it at much lower prices.
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Old 06-22-2013, 07:19 AM   #22
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Originally Posted by tmm99 View Post

I picked up a couple of things yesterday, but not much. I have some reserves and if (when?) the market goes down a lot, I'm thinking of buying more..

What would *you* buy if the market went down by, say 20%?
Sold all my AT&T above 37 and want it to drop a little more before I get back in.
Picked it up below 26 a few years back.
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Old 06-22-2013, 08:01 AM   #23
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Would add to some dividend holdings (SO, COP, BP) if they get cheap enough. I did buy a bit more SO this week.
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Old 06-22-2013, 08:28 AM   #24
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More Wellington and Wellesley (VWELX and VWINX).
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Old 06-22-2013, 08:38 AM   #25
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While this week has been painful, my investments have generated annual returns of 12.85% for the last 12 months and 9.09% for the YTD, both of which far exceed the 5.5% nominal return that I use for my retirement plan, so in the whole scheme of things I'm quite happy. The glass is half FULL.
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Old 06-22-2013, 09:02 AM   #26
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I haven't been following the recent ups and downs that closely. Probably the best approach as I'll just re-balance when appropriate to avoid any knee-jerk reactions to the news of the day.
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Old 06-22-2013, 09:25 AM   #27
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I have been trying to buy both Chevron CVX and Southern Company So for months so that would 20% would make them good deals.
Those are two I own. I already have a lot of CVX, but might add a little more if it dropped by 20%. Only have a modest position in SO and would like to add to it.
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Old 06-22-2013, 10:54 AM   #28
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Originally Posted by clifp View Post
I wrote puts on Tesla at 80 so if the market pulls back 20% I'll probably own that stock.
Quote:
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I do like the company long term but if the stock climbs another 5%, I will most
likely short it. I do think you will be able to buy it at much lower prices.
Considering what they're trying to do in NYS, that may happen regardless of the market in general.

Tesla Falls On NY Ban Worries - Stocks To Watch - Barrons.com

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Old 06-22-2013, 01:35 PM   #29
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I currently have a large amount of cash that I am trying to DCA into mutual funds...so I time it a little -- when Bernacke burps & Mr. Market drops, I just buy more of my existing mutual funds....then wait another month to do it again....
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Old 06-22-2013, 01:44 PM   #30
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I just placed an order for 75 more shares of BHP. It should process first thing Monday morning. I've been doing some gradual purchasing of this stock over the last 2 years. My portfolio needs a little more international exposure.

Other than that, no other transactions are planned.
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Old 06-22-2013, 03:09 PM   #31
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DW bought some MCD on Thursday...
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Old 06-22-2013, 04:43 PM   #32
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Originally Posted by tmm99 View Post
I picked up a couple of things yesterday, but not much. I have some reserves and if (when?) the market goes down a lot, I'm thinking of buying more..

What would *you* buy if the market went down by, say 20%?
More of what I now have, Big Oil ( cvx , xom, Big Pharma. ( j and J , mrk, pfe ) and would add utility stocks. Might also look a some others in pharma, and consider some commd. futures, 5+ years out.

Early 50's, still working for just one more year .

Unlike most , I buy the equity itself , not mutual funds. I only buy what I intend to keep till death , barring a melt down in an individual co. My 457 plan allows equities thru schwab , as the custodian.
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Old 06-22-2013, 07:36 PM   #33
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I only rebalance when my equity allocation goes outside my "allowed band" of 45 - 55%. Since both stocks and bonds have had a bout of indigestion lately I'm still basically unchanged since my last rebalance in early May. I suppose if both stocks and bonds keep dropping in lockstep I'll just go back to sleep until something more significant happens. So in answer to the OP's question, if stocks drop 20% and bonds also drop 20% I guess, I'll awake from my slumber and do nothing...
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Old 06-27-2013, 12:26 PM   #34
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Some bourbon...
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Old 06-27-2013, 01:08 PM   #35
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I time the market going in, but I don't time the market getting out. Ever. I try to buy on bargain prices and once I buy, I keep them. I "stay the course." I will eventually have to start selling when I retire, but, no I haven't sold anything at all since the beginning of time (except for about 5K that I call "Casino money" but even that has been staying in since I bought AMZN and WFMI with it back in 2007)).
So you've never rebalanced between asset classes? If there was a 20% market fall I'd rebalance my AA.
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Old 06-27-2013, 01:08 PM   #36
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Some bourbon...
That works when the market is UP 20% too!


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Old 06-27-2013, 01:10 PM   #37
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I only rebalance when my equity allocation goes outside my "allowed band" of 45 - 55%. Since both stocks and bonds have had a bout of indigestion lately I'm still basically unchanged since my last rebalance in early May. I suppose if both stocks and bonds keep dropping in lockstep I'll just go back to sleep until something more significant happens. So in answer to the OP's question, if stocks drop 20% and bonds also drop 20% I guess, I'll awake from my slumber and do nothing...
This pretty much describes my plan. I have a slightly narrow band than you do but the idea is the same. I did make one separate adjustment to my AA to reflect my aging - going from 55/45 to 50/50 in my TIRA, the account I do most of my rebalancing. I have different criteria and a different AA in my taxable accounts, so I need to have a much bigger swing to start moving money around there (because my taxable accounts generate the income I need to cover my expenses in ER).

Slumbering just like you.....
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Old 06-27-2013, 01:11 PM   #38
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So you've never rebalanced between asset classes? If there was a 20% market fall I'd rebalance my AA.
I think rebalancing makes sense to provide some guidance and keep a level head when facing volatility. But...

I also think that studies show it doesn't make much difference. You end up selling on the way up on an extended bull, missing some gains. It would be interesting to be able to run FIRECALC w/o rebalancing.

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Old 06-27-2013, 03:29 PM   #39
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Stocks closed near their highs Thursday, rallying for a third-straight session, lifted by a string of upbeat economic reports and following several speeches from Federal Reserve policymakers suggesting the central bank has time before it starts reducing its bond-buying.
Stay tuned...
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Old 06-27-2013, 04:02 PM   #40
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Added to my CLX, APPL, SO, PM, KO, MCD, RDS.B, and O positions on Monday. Added to my VFWAX position on Friday. Added to my munis today. Still about 10% in cash just in case there is more buying to be done.
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