Another Market Down Day .. Are you buying or selling ?

[MarieIG]

Buying. And if it drops more, I'll buy more.

 

[coveredbridge]

Been adjusting asset allocation by buying international stock index fund for 2018 Roth IRA Contribution

 

[Cobra9777]

...I just don't see much in fundamentals to cause the drop so its just the market doing its thing I guess...

That's my sense as well.

But I listened in on a few earnings conference calls yesterday. Lots of production cut-backs and cautionary guidance. There's definitely some fear of a rather significant slowdown in demand. Corporate backlogs are a fairly reliable indicator.

I thought about moving ~20-30% of our equity to cash today. Old instincts. Evidently, lots of other people had the same idea. In the end, I did nothing and spent most of the day in the woodworking shop.

We cover 85% of expenses with 2 pensions, some rental income, and dividends. We have cash to cover a couple year's gap, and we're still reinvesting in tax-deferred. And I see lots of tax-loss-harvesting opportunities. Still, I'll probably sell some equities to cover our year-end property tax. But otherwise, I'll just back off on the blow-that-dough mentality until the longer-term trajectory becomes clearer.

 

[ESRwannabe]

It's been 2 weeks and the market doldrum continues. Tech's been massacred today with the Nasdaq down 300+ points. Are you buying or selling ?

Buying, and I put the buying on auto-pilot today with scheduled purchases at Vanguard so I won't have to look at it.

 

[street]

Not buying or selling.

 

[REWahoo]

Another Market Down Day .. Are you buying or selling?

I'm doing neither - but the management team for my Wellesley and Wellington funds might be doing some of both.

 

[TwoByFour]

I expect market drops so nothing needs to be done, just stay the course.

 

[NW-Bound]

Early this morning, before the market dropped bad, I managed to write a couple of contracts of out-of-the-money covered calls on some stocks that showed a bit of sign of life. Then went out to work in the backyard.

Now, looking at those, found out that I made a couple of $100's with these contracts, compared to the almost 6-figure loss on the stash today.

Nice, eh?

 

[RobbieB]

You lost a hundred grand today?

 

[DCdave]

Nothing at this point. My target AA is 70/30. If the market (VTI) drops 20% my AA will have shifted to 65/35 and I would buy at that time in order to get back to around 70/30.

 

[NW-Bound]

You lost a hundred grand today?

Still a few grands short, but my highest ever daily loss.

It's not highest daily loss in percentages. That infamous day was during the Great Recession. I would have to look it up in my record.

 

[RobbieB]

I think I lost 80 grand in a month max. Month before last I made 100 grand. But I only look at the monthly statements, so dunno about a day.

 

[BeachOrCity]

This thread made me laugh. I bought a total us market fund this morning at about 940am as funding my HSA for 2018.

Oh well!

like they say.....You can’t time the markets!

 

[Al18]

I've not changed my 401K allocation.


I may consider some individual stock buying after S&P500 drops into correction.

 

[Car-Guy]

compared to the almost 6-figure loss on the stash today.

Nice, eh?

If I recall correctly, my worst day in the market was somewhere near 50k. Lost more than twice that at the tables one weekend. In both cases I got it back in about 8 to 10 weeks. I just hung in there in both cases.

 

[HFWR]

Following my usual allocation and rebalancing targets.

 

[Choices]

We ain’t doing nuthin’. We have enough in cash to cover us for a while. I have to take RMDs next year and will probably market time that.
With pension and one SS check and a bit of cash we seem to be fine even if we need a new roof or ??
I admit to getting whiplash, watching the market lately. I can better use my time cleaning out the duck pond before winter

 

[pacergal]

Neither one. Still within my AA rebalancing points.

 

[marko]

Don't just do something, stand there!

 

[GrayHare]

It's months like these that I love my cash bucket that holds multiple years of expenses. No need to worry about timing getting out of stocks or getting back in, or selling at reduced prices. Recovery from this blip down is likely to happen within the next few years.

 

[RetireBy90]

picked up a bit more Microsoft yesterday. I was trying to get some in extended trading before the earnings were announced, but it was on a up-tick and kept being behind the market in my price. Seems that fido doesn't let me place a order to buy at market in after hours. I know it can be risky but I just wanted to get some before the earnings and ended up paying $3 more than it was trading for when I started trying.

 

[marko]

It's months like these that I love my cash bucket that holds multiple years of expenses. No need to worry about timing getting out of stocks or getting back in, or selling at reduced prices.

This is exactly why we set aside our dividends rather than reinvest.

Don't want to get into the total return/dividend discussion here, but we're nearing the point where we need a few extra bucks to get us to year-end and I'm glad I don't have to sell anything right now.

 

[audreyh1]

This is exactly why we set aside our dividends rather than reinvest.

Don't want to get into the total return/dividend discussion here, but we're nearing the point where we need a few extra bucks to get us to year-end and I'm glad I don't have to sell anything right now.

I don't reinvest dividends or distributions, because most of those are either going to go into next year's income withdrawal, or rebalanced into something else.

I already pulled out this years income last Jan, so I don't have to worry about running out either.

 

[gayl]

We're having a discussion on cruisecritic.com regarding purchasing CCL stock. Yes it's down 25% but it's hard to call a bottom. I always miss it.

I bought 100 shares, the minimum I need to get 750 on board credit on my next 3 cruises. That plus 200 dividends (yeah I get that past dividends don't guarantee future ones) makes my breakeven @ 45.55 (4.95 trading costs factored in).

So yeah, I bought

 

[Jollyquick]

Greetings,

We’re riding the storm out. We may use the opportunity to rebalance out of some cash and into equities if the correction is significant enough.

We ended up cash heavy this year due to a few unexpected windfalls and this correction could be exactly what we need to rebalance!

JQ