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Old 08-21-2015, 02:32 PM   #21
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I might buy some more if the drop continues and folks start panicking. For now I'll do no harm and do nothing. I didn't even know about the drop until yesterday afternoon when we got back from a short vacation to the beach.
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Old 08-21-2015, 02:33 PM   #22
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I hit my rebalancing triggers for just about anything emerging markets, plenty of buying there. Balanced by sells of stuff that is doing better than average. Plus a few more Roth conversions of EM stuff that is way down from the initial beginning of the year conversions. That should probably hold me unless this continues next week. I don't use my extra cash until we're down 20% or more.
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Old 08-21-2015, 02:46 PM   #23
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I still had 1/3rd of my severance sitting in cash. Yesterday looked like a good day to put it in. Hindsight is 20/20. I'm still holding a little more cash than my AA states I should. I've transferred it to my brokerage account but I think it's in the same saddle bag as W2R's check.
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Old 08-21-2015, 02:48 PM   #24
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I hit my rebalancing triggers for just about anything emerging markets, plenty of buying there. Balanced by sells of stuff that is doing better than average. Plus a few more Roth conversions of EM stuff that is way down from the initial beginning of the year conversions. That should probably hold me unless this continues next week. I don't use my extra cash until we're down 20% or more.

I like that strategy, but I have no discipline. Money sitting in my brokerage account is as safe as a candy bar in front of a kid. Luckily I buy stable things. In fact I just stole money from my reserves to try and snag more of my prized stock.


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Old 08-21-2015, 02:53 PM   #25
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I capitulated on Wednesday after seeing my 20% YTD gains evaporate to 8% loss.

Now the hard part, when to jump back in.

IMO, the smart play is to start to ease in to short OTM puts.


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Agree on this approach ... I also know it's a bit trader-ish for FIRE forum, but there are also bargains in VIX and VXX, particularly Sep and Oct futures - priced low compared to current month, so $$ to be made there in the next few days/weeks until the futures clarify on events or real news, IMO
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Old 08-21-2015, 02:56 PM   #26
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I raise some cash the last couple of months. I have been putting most of it to work writing out of the money puts which I expire today, so will see how the market closes. I think will be buying on Monday though.

Other than oil and energy companies I don't see any danger to dividends cut so I'm not too worried.

I'm kicking myself though I was going to open a charitable trust this year funded by my highly appreciated Intel stock, back in June Intel was in the $34 range now it is down to $26.65 ugh.
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Old 08-21-2015, 03:01 PM   #27
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About to pull the trigger on a buy : Lowes,

2 sheets of plywood, not the stock.
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Old 08-21-2015, 03:04 PM   #28
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I had to buy a 14K gold bead to fix a necklace. Does that count?
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Old 08-21-2015, 03:08 PM   #29
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I bought more AMLP yesterday. I'm buying whenever I have free cash to do so.
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Old 08-21-2015, 03:08 PM   #30
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I just bought a Route 44 Diet Coke (with extra ice) at Sonic for $1.19 (happy hour) for DW then came home and added to SCHD.
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Old 08-21-2015, 04:13 PM   #31
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Beware the dead cat bounce on Monday
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Old 08-21-2015, 04:15 PM   #32
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I retired in 1993. No financial problems since then. Some family assets have come to me for management. I make no attempt to time the market. I sell only to comply with IRS regulations on IRA distributions. I won't diversify to foreign holdings, bonds, or real estate. Most of my money is in SWTSX (sweat sox? sweet sex? no, Schwab Total Stock Market Index) and Vanguard Total Stock Admiral VTSAX. To answer the question, though, I bought (today) some more SWTSX for the account of a young relative that I manage. The purchase is part of my DCA into that account. That is, I don't pay attention to where the market is when I continue with regular purchases for my relative's retirement account.
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Old 08-21-2015, 04:21 PM   #33
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Sale of house proceeds coming in on Sept 10th. I'll DCA it in over a couple of months. Things are certainly going to be a lot cheaper!
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Old 08-21-2015, 04:23 PM   #34
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Today I only bought a Grande Americano at Starbucks. If this selloff continues next week I might sell some stock losers for a tax loss, but immediately reinvest into some other stock that won't hit me with wash sale issue.
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Old 08-21-2015, 04:48 PM   #35
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I'm actually hoping it doesn't drop enough to trigger a rebalance. My next 7 years ER funds are sitting in a stable value fund for the next 5 months. I'm also hoping interest rates don't drop too much further either. Since the 401k is 2/3rds of my funds I feel like I'm in a straight jacket.
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Old 08-21-2015, 04:49 PM   #36
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Give me a pony with saddlebags and point me towards Pennsylvania! My bank is unbelievably slow with any electronic transaction.


I love it! I'm getting pretty eager to see that, too. I try not to market time, but the self control required to abstain is hard to muster sometimes.
W2R, This is a little old country bank, been around for 100 years or so but they have been embracing technology lately.
Go relax, have a beignet for me, keep an eye on your stock watch list and then pounce.
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Old 08-21-2015, 04:53 PM   #37
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Yesterday I sold my (former) house, and because of no mortgage I got a big check from the title company. As soon as the title company went through their customary anti-fraud verification with the bank, I deposited it and arranged to upload the money to Vanguard ASAP.

It's still not there. (groan)

I am trying SO hard not to make a hyper-critical crack about the Pony Express versus high tech methods of the digital age.

On the other hand, who knows? Maybe we'll have an even bigger dip on Monday than we did yesterday and today. If the Dow is below 16,000 when I reinvest, then my dream house and move could end up costing me nothing.

You can always pay the wire fees and get it there same day.... high tech cost you money....
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Old 08-21-2015, 04:54 PM   #38
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Beware the dead cat bounce on Monday
Yes, I agree. It's hard to know what to expect.

Well, the money from the sale of my house still has not arrived at Vanguard. Hopefully it will be there by Monday. However, I'm probably not going to invest as much of it on Monday as I would have today.


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You can always pay the wire fees and get it there same day.... high tech cost you money....
Or, I can rely on another tried and true method of sure and quick delivery: Yee Hah!!!

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Old 08-21-2015, 04:58 PM   #39
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To the OP question.... that presupposes that there is cash sitting around TO invest... I do not have any...


I have all of my money invested or it is for living expenses.... AA is not out of whack.... and most of my 'bond' funds are stuck in a cash balance account at my old mega which I cannot do anything with except watch it grow...
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Old 08-21-2015, 05:10 PM   #40
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Being that I was close to the 55% upper end of my equities range before all the activity this week, there is a ways to go before I hit the lower end of my equities band (45%) that would motivate a rebalance. Another factor is that close to 45% of my liquid NW is in balanced funds ( Wellesley, Wellington, Target Retirement Index) which automatically rebalance. So all, in all, I'll go back to sleep until something really happens.
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