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10-19-2007, 04:02 PM
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#41
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Moderator
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,475
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 Quote:
Originally Posted by Nords
The difference is that if you work hard on the stock market you'll get better with age.
Sellers went nuts today. Wish we didn't already have everything fully invested...
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I'm taking care of my mom's investments since my dad passed a couple years ago. He moved everything into money markets before he died to make it simple for my mom. Today I moved a good chunk of it (about 20%) back into the market, about a half hour before the close after seeing a pretty decent entry point developing.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-19-2007, 04:29 PM
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#42
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,596
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Quote:
Originally Posted by Nords
The difference is that if you work hard on the stock market you'll get better with age.
Sellers went nuts today. Wish we didn't already have everything fully invested...
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I suspect this may not be your first day of wishing that, obviously this is a requirement in the macro condition to achieve a top in the market.
__________________
ERD 50 says I should post this as a warning in believing anything I would post. I allocated one percent of my portfolio to calls for 2020 and then sold all my stocks on March 5, 2020. Returned back in on June 3, 2020.
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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10-19-2007, 04:45 PM
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#43
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Recycles dryer sheets
Join Date: Oct 2007
Location: Rockwall,
Posts: 81
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Make a little gain....Take a little profits.... The race is won by those who don't get greedy...Pigs and Hogs........Tortise and Hare.....
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10-19-2007, 05:10 PM
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#44
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,784
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Quote:
Originally Posted by Running_Man
I suspect this may not be your first day of wishing that, obviously this is a requirement in the macro condition to achieve a top in the market.
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Dude, that was a golfing joke. Lighten up and laugh a little. And no "wishing" required-- my stock market performance is a lot better than my golfing ever was.
Our ER portfolio dropped 1.8% today, compared to the Dow's 2.6% drop, and we're still up 6.8% YTD. I see this as yet another buying opportunity...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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10-19-2007, 06:17 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,557
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Quote:
Originally Posted by Nords
Our ER portfolio dropped 1.8% today, compared to the Dow's 2.6% drop, and we're still up 6.8% YTD. I see this as yet another buying opportunity...
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Interesting my portfolio also dropped 1.8% today, and I'm also looking at buying. If I ever drop off the internet for several months (like sailing the South Pacific) I know who I want to keep an eye on my portfolio.
I am curious is anybody else spooked that this dropped happened 20 years to the day after the 1987 crash. Is this a pure coincidence or a self-fullfilling prophesy?
Unlike the 1987 crash, which I had the misfortune of staying home sick, and getting to watch unfold in real time, but could not get my online quotes. I was blissfully unaware of this correction until after the market closed.
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10-19-2007, 06:51 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,405
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Quote:
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Is this a pure coincidence or a self-fullfilling prophesy?
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Must be the latter.
Our portfolio only dropped by 1.17%, but it's a big thing for us.
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10-19-2007, 07:26 PM
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#47
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,731
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Quote:
Originally Posted by Spanky
Must be the latter.
Our portfolio only dropped by 1.17%, but it's a big thing for us.
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Mine dropped 1.2% today. Maybe I will win some back on the golf course tomorrow. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-19-2007, 07:31 PM
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#48
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Down 1.2% here, too. Feels kind of good: sky is falling according to the media, and I took nothing more than a little ding.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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10-19-2007, 08:45 PM
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#49
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 577
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I've still got too many accts (I didn't say too much money) and have them loaded at Morningstar can't get the portfolio page to open, to tired to actually do the math (please send help)
Wet finger in the air down about 1% today so a few hours ago I grabbed 10% of my cash and bought some more small cap value.
__________________
I highjacked a rainbow and crashed into a pot of gold - Bon Jovi
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10-19-2007, 08:49 PM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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I must be geeting old and jaded. Down 350 points? Is that the best you can do? I crapped bigger things than that!
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-20-2007, 08:16 AM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,856
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Greed is good. Now another quick 5-6000 point drop and I'll back up the the truck - maybe take a Heloc on on the house, go higher than 65% stocks, etc, etc.
Or not. Might just watch a little football, buy a couple Norwegian widow stocks, and let my lifecycle fund auto rebalance.
Geaux Saints!
heh heh heh - 
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10-20-2007, 08:31 AM
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#52
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,015
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My portfolio dropped 1.2% -- but from the media hoopla all day yesterday, you would have thought the bottom had fallen out completely. I wonder a bit about how much of the market is driven by these "skies are falling" stories.
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10-20-2007, 08:58 AM
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#53
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 488
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Just a few short weeks ago the market was plummeting with no bottom in site. The FED bailed it out by pumping billions into the economy and cutting interest rates. There definately is a major problem and the FED can not manipulate the market forever. Eventually the housing bust, weak dollar, out of control government spending, credit crunch and high oil prices will catch up to us. It is not doom and gloom, it is just facing reality. The only reason the market had been going up the last few weeks is that the economy is so bad that another interest cut is expected.
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10-20-2007, 09:12 AM
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#54
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,784
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Quote:
Originally Posted by clifp
Interesting my portfolio also dropped 1.8% today...
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Both our portfolios are probably contaminated with too much Intel stock...
Quote:
Originally Posted by clifp
... and I'm also looking at buying.
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... and that's probably the cause of the Intel problem.
Quote:
Originally Posted by clifp
If I ever drop off the internet for several months (like sailing the South Pacific) I know who I want to keep an eye on my portfolio.
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Inquire about our low low rates! No service charges will be applied if bad things happen to your portfolio while I happen to be out surfing temporarily unavailable.
Quote:
Originally Posted by clifp
I am curious is anybody else spooked that this dropped happened 20 years to the day after the 1987 crash. Is this a pure coincidence or a self-fullfilling prophesy?
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Friday's market drop was pure coincidence.
This coming Monday's meltdown will be the self-fulfilling prophesy...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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10-20-2007, 09:50 AM
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#55
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 488
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Quote:
Originally Posted by Nords
This coming Monday's meltdown will be the self-fulfilling prophesy...
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Monday will be real interesting. It could go either way unless there is some really bad news.
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10-20-2007, 09:58 AM
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#56
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,713
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10-20-2007, 10:13 AM
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#57
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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: 6,635
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Quote:
Originally Posted by calmloki
Hey! Our gold stock BGEIX gained almost exactly what our Hewlett-Packard lost. Pretty cool! Ended up loosing just as many dollars for the day as the number of points the Dow lost. Can you tell we don't have a great wad in the market? If tomorrow brings another crummy day i may actually splurge and buy something boring.
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Errr - just took a Saturday look at our stuff - was going to have this great post about how one of the virtues of having low gaining stocks was the slow losing - no such luck. The above post was inaccurate. We are down for the day as of 10/20 1.35%, red top to bottom... I know BGEIX updates once a day, looks like some of the others do as well. Or the pony carrying the latest news from the outside just made it into town.
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10-20-2007, 10:15 AM
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#58
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Administrator
Join Date: Apr 2006
Posts: 16,552
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Down 1.9% yesterday. Still up 16.1% YTD. Currently sitting tight.
__________________
Living an analog life in the Digital Age.
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10-20-2007, 12:05 PM
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#59
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Razor
Monday will be real interesting. It could go either way unless there is some really bad news.
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I would expect a rebound, personally. If not, the slide will be short lived.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-20-2007, 12:19 PM
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#60
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 488
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Quote:
Originally Posted by brewer12345
I would expect a rebound, personally. If not, the slide will be short lived.
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Only if the Fed cuts interest rates again. If not, the fall could last a while.
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