|
|
09-10-2021, 11:05 AM
|
#1
|
Recycles dryer sheets
Join Date: May 2010
Posts: 497
|
elusive 5% drop
Been waiting to rebalance some dividend cash (less than 1%) into the market.
Mean while dow has gone up 15-20%. Now I just feel silly.
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
Retired July '11 investments in very low cost index and mutual funds, balance once a year at best.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
09-10-2021, 12:11 PM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
|
Join the club. I have been sitting on a war chest of cash from profits taken for awhile now. Waiting for a good opportunity to redeploy into some good dividend stream producing positions. Waiting and waiting and waiting. (:
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
|
|
|
09-10-2021, 12:11 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,339
|
Quote:
Originally Posted by ducky911
Been waiting to rebalance some dividend cash (less than 1%) into the market.
Mean while dow has gone up 15-20%. Now I just feel silly.
|
I've been waiting a correction for 8+ years now. Still have added to equities in that time but waiting for a 5%+ drop to dig out the piggy bank 7 convert some FI to stocks, but when?
__________________
T.S. Eliot:
Old men ought to be explorers
|
|
|
09-10-2021, 12:17 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,972
|
I'm waiting for a good drop, probably so is everyone else since everyone saw how the last big drop was a terrific buying opportunity. This will of course mean any drop will get bought back up and not end up being a big drop. ...
Now that Pandemic Unemployment money has stopped, the market has gone down 4 days in a row.
Could this be all sorts new young investors getting UI , have started to sell and certainly stopped buying as the extra cash has dried up ?
I'm only considering those young folks that moved back to parents home, of course some folks used the Pandemic UI extra money for food.
Maybe of course there is no explanation.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
|
|
|
09-10-2021, 12:21 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
|
I stopped trying to figure it out when things started popping in April of 2020. There is little rhyme or reason to the market and guessing is a fool's game. If I have excess cash, I immediately invest it, no matter what the market is doing.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
|
|
|
09-10-2021, 12:28 PM
|
#6
|
Recycles dryer sheets
Join Date: Dec 2007
Posts: 375
|
Quote:
Originally Posted by yakers
I've been waiting a correction for 8+ years now. Still have added to equities in that time but waiting for a 5%+ drop to dig out the piggy bank 7 convert some FI to stocks, but when?
|
What happened to the March 2020 drop?
|
|
|
09-10-2021, 12:37 PM
|
#7
|
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
|
Quote:
Originally Posted by ducky911
Been waiting to rebalance some dividend cash (less than 1%) into the market.
Mean while dow has gone up 15-20%. Now I just feel silly.
|
That’s why I simply rebalance when warranted rather than waiting for some usually elusive entry point.
__________________
Retired since summer 1999.
|
|
|
09-10-2021, 12:38 PM
|
#8
|
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
|
Yeah, did you miss that huge 30+% one? Admittedly it only lasted a few days……
__________________
Retired since summer 1999.
|
|
|
09-10-2021, 01:17 PM
|
#9
|
Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,708
|
Quote:
Originally Posted by ExFlyBoy5
I stopped trying to figure it out when things started popping in April of 2020. There is little rhyme or reason to the market and guessing is a fool's game. If I have excess cash, I immediately invest it, no matter what the market is doing.
|
+1
I stopped guessing in 1993, and just stay in.
__________________
learn, work, save, invest, fire
|
|
|
09-10-2021, 02:00 PM
|
#10
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,184
|
Quote:
Originally Posted by ExFlyBoy5
I stopped trying to figure it out when things started popping in April of 2020. There is little rhyme or reason to the market and guessing is a fool's game. If I have excess cash, I immediately invest it, no matter what the market is doing.
|
+1. I used to think I was smart enough to probably beat the market. Now I'm smart enough to know I probably can't.
|
|
|
09-10-2021, 02:16 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,339
|
Quote:
Originally Posted by ut2sua
What happened to the March 2020 drop?
|
We’ll, at least I didn’t sell anything, bought very few stocks, it all just went too fast for me, so I was buying slowly on the way down and before I could continue it was all over.
Not unhappy but not likely to change future strategy,
Plan to buy again slowly, maybe haven’t learned anything
__________________
T.S. Eliot:
Old men ought to be explorers
|
|
|
09-10-2021, 02:21 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,515
|
The most important three words are:
Stay Fully Invested
|
|
|
09-10-2021, 02:49 PM
|
#13
|
Full time employment: Posting here.
Join Date: May 2008
Location: Lexington
Posts: 714
|
I'm right in my retirement year, which according to the many threads on SORR, this is supposed to be the most conservative year of my life, the next five years determine whether I will barely make it, have a vacation home, or even have to go back to...work, for a few extra years at most. So partially because of that, partially because I would like to get into value investing with 5-10% of my portfolio, and see nothing obvious while I am currently learning the ropes, I decreased my position from 80/0/20 to 65/15/20 by buying short-term TIPS using TSM stocks a few days ago.
My honest reasoning for not doing this earlier, was 1) I felt that while stocks have been overvalued since 2019, COVID would cause a forced slowdown that would stall out the occurrence of a recession by an extra 2-4 years, and 2) I wasn't seeing crazy speculative things happening yet, which usually occurs a year or two before a bubble pop, the sort of crazy things that have been occuring in late 2020, and all of 2021, starting with GME/bitcoin/housing market...etc, ironically, some of this speculative behavior also seems to be coming from people getting cooped up in their homes because of covid.
To sum it up, I believe, we are not due for a 5% drop, we are due for a full blown correction within the next 1-2 years. Which...will not be great for my SOR if I'm right, so I hope I'm wrong. I don't know though, and being out of the market for several good years is far worse than getting smacked straight in the face by a correction, so I still will always hold a majority of stocks, no matter what the environment.
|
|
|
09-10-2021, 03:00 PM
|
#14
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
|
At almost 78 years old, I'm just glad I'm not the one dropping. Stay invested and smell the roses. Keep some cash for that "rainy market day". You will know it when you see it.
__________________
*********Go Astros!*********
|
|
|
09-10-2021, 03:00 PM
|
#15
|
Thinks s/he gets paid by the post
Join Date: Feb 2019
Location: St Pete
Posts: 1,227
|
The only investment regrets I have are the few times when I took funds out of the market or waited to invest waiting for a drop.
__________________
FIREd 7/2021 at age 47
|
|
|
09-10-2021, 03:29 PM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,690
|
As they say, if you try to time the market you have to be right twice. Once when you get out and then when you get back in. There's still probably people from 2008-9 waiting to get back in. [emoji1787]
|
|
|
09-10-2021, 03:33 PM
|
#17
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
|
Quote:
Originally Posted by bobandsherry
As they say, if you try to time the market you have to be right twice. Once when you get out and then when you get back in. There's still probably people from 2008-9 waiting to get back in. [emoji1787]
|
And think about how much money they have lost doing so.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
|
|
|
09-10-2021, 04:00 PM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,707
|
Quote:
Originally Posted by ducky911
Been waiting to rebalance some dividend cash (less than 1%) into the market.
Mean while dow has gone up 15-20%. Now I just feel silly.
|
I guess I wouldn't be too worried about 1% (or less.) Where are you keep it now?
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
09-10-2021, 04:26 PM
|
#19
|
Recycles dryer sheets
Join Date: Mar 2012
Location: Virginia
Posts: 110
|
5% of less than 1%. Doesn't seem worth worrying about.
|
|
|
09-10-2021, 05:33 PM
|
#20
|
Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,962
|
Quote:
Originally Posted by Skyward1
5% of less than 1%. Doesn't seem worth worrying about.
|
I agree .. it's nothing major ...
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|