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02-27-2020, 04:34 PM
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#541
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Full time employment: Posting here.
Join Date: May 2014
Posts: 977
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Quote:
Originally Posted by tulak
I wouldn’t be surprised if there was another sell off tomorrow. It’s a Friday. Who wants own stocks going into the weekend with this much uncertainty?
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Funny, I am just sitting down to log in to Vanguard and move about $25K from MM to Vanguard Total Stock Market Index Fund (VTSAX). While it's a fairly small % of my overall portfolio, it is certainly not the easiest trade decision I've ever made. The market may sink further in the coming weeks, but this money can sit in VTSAX for 5+ years before I would need to access.
Look at it this way, I am doing my small part in stabilizing the market. You're welcome
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02-27-2020, 04:46 PM
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#542
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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Quote:
Originally Posted by cbo111
Funny, I am just sitting down to log in to Vanguard and move about $25K from MM to Vanguard Total Stock Market Index Fund (VTSAX). While it's a fairly small % of my overall portfolio, it is certainly not the easiest trade decision I've ever made. The market may sink further in the coming weeks, but this money can sit in VTSAX for 5+ years before I would need to access.
Look at it this way, I am doing my small part in stabilizing the market. You're welcome
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When you do that after the trading hours and vtsax being a mutual fund do you get today's closing price or tomorrow's closing price?
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02-27-2020, 04:48 PM
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#543
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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Quote:
Originally Posted by Running_Man
I think likely to see that tomorrow, trading at 149 in the aftermarket, however Cramer says the bottom is in, everything is cheap, vaccine will come and all will be forgotten and this is a great buying opportunity and reccomends Adobe, ETSY, Moderna, NVIDIA,RingCentral,Shopify, SQUARE,teladoc,thetradedesk,zoom. Cramer says buy, buy, buy!!!!
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If so, I'd be happy buying low for a change...and then with my luck's track record it'll sink even further
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02-27-2020, 05:00 PM
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#544
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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Quote:
Originally Posted by dvalley
When you do that after the trading hours and vtsax being a mutual fund do you get today's closing price or tomorrow's closing price?
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Tomorrow’s price at the close. We had a poster that bought Sunday afternoon ahead of Monday’s drop even though the pre-market was forecasting a drop on the open. That is the case today as well and I am not brave enough to ignore this signal. Anything could happen before the close tomorrow but for now I’ll be just watching.
Stock futures point to more losses after Thursday's massive tumble amid coronavirus fears https://www.cnbc.com/2020/02/27/dow-...pyToPasteboard
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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02-27-2020, 05:18 PM
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#545
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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Quote:
Originally Posted by jazz4cash
Tomorrow’s price at the close. We had a poster that bought Sunday afternoon ahead of Monday’s drop even though the pre-market was forecasting a drop on the open. That is the case today as well and I am not brave enough to ignore this signal. Anything could happen before the close tomorrow but for now I’ll be just watching.
Stock futures point to more losses after Thursday's massive tumble amid coronavirus fears https://www.cnbc.com/2020/02/27/dow-...pyToPasteboard
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Thanks! that's what I was thinking too.
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02-27-2020, 05:27 PM
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#546
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Full time employment: Posting here.
Join Date: May 2014
Posts: 977
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Quote:
Originally Posted by jazz4cash
Tomorrow’s price at the close. We had a poster that bought Sunday afternoon ahead of Monday’s drop even though the pre-market was forecasting a drop on the open. That is the case today as well and I am not brave enough to ignore this signal. Anything could happen before the close tomorrow but for now I’ll be just watching.
Stock futures point to more losses after Thursday's massive tumble amid coronavirus fears https://www.cnbc.com/2020/02/27/dow-...pyToPasteboard
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I believe VTSAX purchased as an ETF provide real-time pricing, so you can see their prices change throughout the trading day. A mutual fund isn't priced until the trading day is over, so you don't know your price until after you've place your trade. This information comes directly from the Vanguard website.
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02-27-2020, 05:41 PM
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#547
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,852
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Dow over 28,000!
Quote:
Originally Posted by cbo111
Funny, I am just sitting down to log in to Vanguard and move about $25K from MM to Vanguard Total Stock Market Index Fund (VTSAX). While it's a fairly small % of my overall portfolio, it is certainly not the easiest trade decision I've ever made. The market may sink further in the coming weeks, but this money can sit in VTSAX for 5+ years before I would need to access.
Look at it this way, I am doing my small part in stabilizing the market. You're welcome
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Much appreciated!
Tomorrow could be a good day to buy. If markets drop tomorrow and there’s no bad news over the weekend, there’s a chance there will be a bounce next week. But I still think we’ll drop more. I find it hard to believe the markets won’t drop once we have a confirmed larger outbreak in the US.
__________________
Eat, Drink and Be Merry.
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02-27-2020, 05:43 PM
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#548
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
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Gee. we had buy orders in for VTI at 5 and 10% off a 52 week high. The 5% filled yesterday and the 10% filled today. And both days VTI ended up lower than our buy points. Next buy point order is aways away, but still higher than the price when VTI was on sale around Christmas 2018. Cash sat in Vanguard for over a year waiting for another blue light special. Our healthy purchases last two days kept our total stock holdings up - we're only $25,500 below our all time high 8 days ago. Gal is calling me a farmer - like the one that won a million $ lotto and when asked what he would do with the money said he'd keep farming till the money ran out.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
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02-27-2020, 06:48 PM
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#549
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,331
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Rebalancing
Despite selling 80k in stock funds to skim off gains in January, a week ago Thursday I was considering selling another 2-3 % to get the stock allocation down to 55.
I didn't have to do a thing! (But another week like this and I might be rebuying stocks).
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02-27-2020, 07:09 PM
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#550
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Full time employment: Posting here.
Join Date: May 2011
Posts: 770
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Quote:
Originally Posted by TromboneAl
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LoL [emoji1787]
__________________
you interpret daily life according to your ideas of what is possible or not possible - Seth Speaks
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02-28-2020, 02:03 AM
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#551
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,196
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Quote:
Originally Posted by tulak
Much appreciated!
Tomorrow could be a good day to buy. If markets drop tomorrow and there’s no bad news over the weekend, there’s a chance there will be a bounce next week. But I still think we’ll drop more. I find it hard to believe the markets won’t drop once we have a confirmed larger outbreak in the US.
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From a psychological perspective, perhaps it is best that the market drop reaches bear market territory and it is announced as the end of this bull market run. The Dec 2018 drop failed in this aspect.
Then possibly it can be viewed as the start of a new bull market when the recovery begins, instead of the continued fear of an old and long running bull market.
__________________
TGIM
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02-28-2020, 07:29 AM
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#552
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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Quote:
Originally Posted by cbo111
I believe VTSAX purchased as an ETF provide real-time pricing, so you can see their prices change throughout the trading day. A mutual fund isn't priced until the trading day is over, so you don't know your price until after you've place your trade. This information comes directly from the Vanguard website.
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Yes, good point. ETFs have a major advantage wrt real time pricing. Not sure if they offer after hours trading but probably doesn’t matter if the pre-market is down after hours will be down also I would expect. I’m just gonna watch the action but I’m curious to learn more details on how they work.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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02-28-2020, 08:38 AM
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#553
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Full time employment: Posting here.
Join Date: Jun 2017
Location: Punta del Este
Posts: 639
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So when things were crazy high and the Dow at 29,000 all the talk was how to blow that dough! Don’t see anyone saying that now.....
Glad things, like the house I wanted to buy fell through. Puts me in mind of Garth Brooks “Unanswered Prayers”.
See y’all back here in a year or two when everything has recovered
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02-28-2020, 11:09 AM
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#554
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by Retired Expat
So when things were crazy high and the Dow at 29,000 all the talk was how to blow that dough! Don’t see anyone saying that now.....
Glad things, like the house I wanted to buy fell through. Puts me in mind of Garth Brooks “Unanswered Prayers”.
See y’all back here in a year or two when everything has recovered
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Blow that dough thread is not finished yet! I haven’t changed my plans for some major purchases.
__________________
Retired since summer 1999.
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02-28-2020, 11:13 AM
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#555
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
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Well last Thursday I tried to Put a FAANG heavy ETF and found out my account wasn't setup to trade options. Now that it is I'm afraid to do anything.
I did move from one bond fund to a slightly longer duration higher quality bond fund last week. Lucky timing as I've been heading towards higher quality bond funds for a year now.
Guess it's a good time sit here and do nothing!
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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02-28-2020, 02:17 PM
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#556
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,464
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The DOW rose over 640 points in the last 15 minutes today. Not normal!
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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02-28-2020, 02:20 PM
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#557
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
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Quote:
Originally Posted by USGrant1962
The DOW rose over 640 points in the last 15 minutes today. Not normal!
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Like Jim Cramer said yesterday, the bottom is in!
__________________
*********Go Astros!*********
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02-28-2020, 02:31 PM
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#558
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,331
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Well, we've got a guy coming over in an hour to give an estimate on wood floors downstairs (actually vinyl faux-wood, since it is below grade). But it's actually blowing the tax return dough, since we had solar panels installed in October and bought a Chevy Bolt e-car, along with having to take out 20% for taxes in the 403b withdrawal.
I scraped off what was left of 2019 gains earlier today (after taking about 35-40% in January). If the market sinks below bear status, I'll put reinvest half.
Looks like Powell murmuring about more rate cuts "reassured" the market late today--or maybe it was just the snap-back I was expecting yesterday.
Quote:
Originally Posted by Retired Expat
So when things were crazy high and the Dow at 29,000 all the talk was how to blow that dough! Don’t see anyone saying that now.....
Glad things, like the house I wanted to buy fell through. Puts me in mind of Garth Brooks “Unanswered Prayers”.
See y’all back here in a year or two when everything has recovered
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02-29-2020, 09:58 AM
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#559
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
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My $145 VTI didn't fill, came close at one point when it was down to 145.30. Now the pre-markets are showing positive futures...oh well.
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