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03-04-2014, 12:30 AM
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#21
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 471
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I bought the airlines at the open this morning. I was up nicely at the end of the day.
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03-04-2014, 08:38 AM
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#22
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Full time employment: Posting here.
Join Date: May 2007
Posts: 883
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dang, I missed it  ... Dow is up 197.47 today (Tuesday morning)  ... maybe I should sell, then buy back in when it drops... 
__________________
"It is better to have a permanent income than to be fascinating". Oscar Wilde
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03-04-2014, 08:44 AM
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#23
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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It looks like I might have picked an OK day to buy some stocks yesterday. But knowing my luck, the Dow will reverse course by this afternoon.
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03-04-2014, 09:05 AM
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#24
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Recycles dryer sheets
Join Date: May 2010
Posts: 497
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The short term market seems to over react to news stories both up and down. No wonder why market timing is such a bad idea.
__________________
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.
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03-04-2014, 09:21 AM
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#25
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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 Quote:
Originally Posted by Ready
I've had some cash sitting on the sidelines waiting for a big one day drop. I know, I know...market timing. Well, it seems like as good a day as any to start buying. Nothing exciting for me here, just the usual index funds. Orders have all been placed.
Anyone else using today's drop to catch up on putting some cash into the markets?
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Guess you were right....S and P up 25pts!
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03-04-2014, 09:25 AM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Today might be a good day to sell stocks? 
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03-04-2014, 09:56 AM
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#27
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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03-04-2014, 10:36 AM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,895
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I sold some 'Putin Puts' yesterday, and bought them back earlier today.
That worked, but I was long overdue for a 'win'. 
-ERD50
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03-04-2014, 12:07 PM
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#29
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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Quote:
Originally Posted by Ready
And then what?
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Put in a buy order for a lower price.
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03-04-2014, 06:12 PM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by Ready
And then what?
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Buy fixed income. You know: Do the Rebalancing Thing.
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03-04-2014, 06:16 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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Quote:
Originally Posted by LOL!
Buy fixed income. You know: Do the Rebalancing Thing.
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It seems like each time I sell some Vanguard index funds I'm restricted from buying them again for another 2 months. Maybe if I was buying the ETF version it might be different? But in any case, I'm not trying to turn my mild addiction to market timing into a full time day trading job.
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03-04-2014, 06:43 PM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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The buying restriction is only for buying with a computer mouse click. One can buy with a letter. Folks state that one can set up a one-time automated buy as well.
But yes, the ETF versions do not have frequent trading restrictions.
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03-04-2014, 10:04 PM
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#33
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Recycles dryer sheets
Join Date: Jan 2014
Posts: 277
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Quote:
Originally Posted by check6
I bought the airlines at the open this morning. I was up nicely at the end of the day.
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Excellent pick
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04-04-2014, 12:56 PM
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#34
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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Looks like another good day to buy stocks today. I have my orders placed (index funds of course!).
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04-04-2014, 01:03 PM
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#35
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Chuckle. I can't answer Op's question without being a smart S. Apologies in advance my tongue in cheek answers:
- Yup, Thursday is good as any other day.
- Any day is a good day to invest in stock if you are in market for a long time. Sorry  .
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04-04-2014, 01:09 PM
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#36
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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Quote:
Originally Posted by robnplunder
Chuckle. I can't answer Op's question without being a smart S. Apologies in advance my tongue in cheek answers:
- Yup, Thursday is good as any other day.
- Any day is a good day to invest in stock if you are in market for a long time. Sorry . |
Fair enough, but in what part of the world is it still Thursday?
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04-04-2014, 01:32 PM
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#37
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,660
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Stocks have gone up 600% since I started investing in them 25 years ago.
Trying to time over such a fractional part of the long term result seems fruitless.
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04-04-2014, 01:38 PM
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#38
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Quote:
Originally Posted by Ready
Fair enough, but in what part of the world is it still Thursday?
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For today (4/4/14), it seems a Friday is also a good day to buy.
I am thinking of a(ny) Thursday in future, in midst of a full correction. If a correction happens, I will add biotech ETF to my portfolio. I missed out on previous biotech runs  .
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04-04-2014, 01:58 PM
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#39
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
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I'm not going to make the case for market timing, but buying on a day when the market is down 2.5% (Nasdaq) is not completely meaningless. Remember what John Bogle taught us - cost matters. If I can buy stock at 2.5% less today than yesterday, I have a 2.5% advantage over anyone who bought the same stock yesterday. We pay attention to figures down to a few basis points in looking at expense ratios. Why completely discount buying on a day when the market is down 250 basis points? Buying on the dips clearly has some merit, even if it is a form of market timing.
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04-04-2014, 02:30 PM
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#40
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,895
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Quote:
Originally Posted by Ready
I'm not going to make the case for market timing, but buying on a day when the market is down 2.5% (Nasdaq) is not completely meaningless. Remember what John Bogle taught us - cost matters. If I can buy stock at 2.5% less today than yesterday, I have a 2.5% advantage over anyone who bought the same stock yesterday. We pay attention to figures down to a few basis points in looking at expense ratios. Why completely discount buying on a day when the market is down 250 basis points? Buying on the dips clearly has some merit, even if it is a form of market timing.
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Except you need to add some context to that, and then it is not so clear.
First, you would need to be in a position where you wanted to take on more equities. Now, once you get to that position, the question becomes 'do I go in now, or wait for a dip?'.
But that dip may never come, and then you are left behind. You could be stuck in 1988, with S&P500 @ $259 waiting for that buying dip, and looking at everyone else with their shares valued > $1,800.
I think history says you are better to go all in with any new purchase, though DCA can be helpful emotionally.
A 2.5% drop might be a time to rebalance, but that was probably done on the way up and generally isn't a big enough change to trigger a rebal.
-ERD50
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