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03-23-2020, 05:29 AM
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#61
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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: 38,145
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 Quote:
Originally Posted by David1961
You mean you are selling some of your actively managed mutual funds to take these capital losses and putting the money into index funds? That is a great idea. Just want to make sure I understand. Even at the market peak, my cost basis would not have generated as much capital gains as I thought, since I pay taxes on the distributions each year.
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Yes. The worst culprit active funds with several years largish cap gains distributions (which kept reducing my unrealized cap gains) now have unrealized cap losses, so I am harvesting that and buying corresponding index fund.
__________________
Retired since summer 1999.
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03-23-2020, 08:36 AM
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#63
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Recycles dryer sheets
Join Date: Jul 2019
Posts: 262
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Quote:
Originally Posted by mrfeh
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What does that have to do with individual stocks?
And how much cash would I have on hand if I'd followed their "load up on index funds & bonds and stay the course, no matter what comes"?
I'm seeing a lot of regrets here from folks who decided to ride this to the bottom. 
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03-23-2020, 08:48 AM
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#64
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Recycles dryer sheets
Join Date: Nov 2012
Location: Navarre
Posts: 141
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I'm stuck at home and bored, so I've been gambling with 5% of my portfolio, buying on big down days and selling on the next up day.  It makes me feel like I am doing something, but any gains are absolutely dwarfed by my retirement portfolio losses. I still haven't re-balanced my portfolio or sold any stock that I held prior to the crash.
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03-23-2020, 09:10 AM
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#65
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Full time employment: Posting here.
Join Date: Jun 2016
Posts: 889
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My personal opinion is any bargains right now are in individual stocks, NOT the market as a whole. Be careful folks. The market is trading in the high teens PE based on 2019 earnings. Maybe 2021 will bring back those earnings? Maybe not? Doubt they could be higher.
Not exactly cheap.
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03-23-2020, 10:20 AM
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#66
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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I am having to really hold myself back this morning from buying Merck at $67.50.
Dang that is cheap. I am going to watch it closely and pounce when we get the big unemployment figures if it drops to the low $60s.
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03-23-2020, 01:55 PM
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#67
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Full time employment: Posting here.
Join Date: May 2011
Location: Marco island
Posts: 815
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I am nibbling a bit by buying the whole market. I have some cash from a house sale that I was looking for an opportunity to buy in. I have changed my buy in points as I now believe we could go very low.
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03-23-2020, 03:45 PM
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#68
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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: 38,145
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Of course my small cap and international funds are just getting killed!
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Retired since summer 1999.
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03-23-2020, 05:02 PM
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#69
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Recycles dryer sheets
Join Date: Nov 2012
Location: Navarre
Posts: 141
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Quote:
Originally Posted by audreyh1
Of course my small cap and international funds are just getting killed!
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I rebalanced in both today. A very small amount. Small Cap Value and international are a regular part of my portfolio,
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03-23-2020, 05:21 PM
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#70
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Recycles dryer sheets
Join Date: Nov 2012
Location: Navarre
Posts: 141
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Same here. I sold real estate last year and couldn't bring myself to put the proceeds in the market at all time highs so decided to wait for a pullback. I was supposed to invest it at s&p 2500, but it dropped so fast I waited. I just bought 100k in spy today at 222.80 hoping to sell it on a pop if stimulus bill passed. I may just keep it, it brings my AA back in line. I still have a substantial amount of cash left to put to work but could definitely see this market go lower.
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03-23-2020, 05:32 PM
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#71
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Recycles dryer sheets
Join Date: Jul 2018
Location: Anaheim
Posts: 229
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I've dabbled a bit. Picked up some SO for the dividend. It continued to fall. Also bought some VCV, closed end CA bond fund now with a tax free dividend over 5%. Couldn't resist.
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03-23-2020, 06:18 PM
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#72
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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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Still in cash. I bought some short term quality corporates which rose today, but I don't think prices are low enough in equities. We are getting there though.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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03-23-2020, 06:24 PM
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#73
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Thinks s/he gets paid by the post
Join Date: Oct 2009
Posts: 2,115
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Quote:
Originally Posted by brewer12345
Still in cash. I bought some short term quality corporates which rose today, but I don't think prices are low enough in equities. We are getting there though.
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Honestly, you’re last sentence brings me some good feelings. You predicted much of this so early on. I know you’re no magical genius. But dang, you nailed this. So, I’m hoping you’re last sentence is equally prescient.
__________________
“Of all the paths you take in life, make sure a few of them are dirt.” John Muir
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03-23-2020, 06:52 PM
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#74
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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 MuirWannabe
Honestly, you’re last sentence brings me some good feelings. You predicted much of this so early on. I know you’re no magical genius. But dang, you nailed this. So, I’m hoping you’re last sentence is equally prescient.
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We are closer to the bottom than we were a month ago!
Actually, what I was thinking was that I had to talk a friend's 80YO mom off the ledge. This is a woman who holds individual equities for decades and I had to browbeat to get her to diversify a giant position in a single stock. If she is thinking about selling, there aren't many sellers left. Now we just need to find the bottom and test it a few times.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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03-23-2020, 10:00 PM
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#75
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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I am one of those boring old index fund buy-and-holders. I don't market time but I *do* rebalance, every January plus also when things get badly out of whack.
The latter applies.
I just noticed that my AA had gone from the desired 42:58, to 35:65.  So, I just forced myself to rebalance by:
(1) selling VBTLX (Total Bond Market), and
(2) buying VTSAX (Total Stock Market) and VWIAX (Wellesley)
I just couldn't bring myself to plow more money into my international fund, VFWAX (FTSE All-World Ex-US Index Fund), which like some other international funds is getting hit pretty hard. If I was perfect I would have put money there too but I am not. Maybe in a few days.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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03-23-2020, 10:46 PM
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#76
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Posts: 1,570
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Limit order on BRK.B filled at $164. Got 2x in at $137. Closed at $162 today.
__________________
You know that suit they burying you in? Thar ain’t no pockets in that suit, boy.
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03-24-2020, 03:27 AM
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#77
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Full time employment: Posting here.
Join Date: Mar 2016
Location: An island off the coast of Florida. (Ok - if you really need to know it's Vero Beach)
Posts: 633
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The dollar has appreciated a lot against other currencies during this pandemic. Other nations seem to be lapping up the dollars being printed by the Fed. This currency trade on top of the foreign markets really hurts international positions. IMHO, setting up a tilt in international will bounce back a bit bigger than the USA indices - sometime in the future.
Small and medium business don't have the cash reserves or borrowing power like the bigger S&P500 or NASDAQ, so they are hit harder and faster than the big boys. The midcaps indices are suffering. IMHO - if individual states governments keep up quarantine in a few states (like New York and New Jersey) - indices like the Russel 2000 will bounce back more slowly than the big indices - and call ill afford the low interest loans that will be offered.
__________________
DW and I are 62/62. 100% equities 31 years. FIRE'd August 2019. Non-cola pension cashed out Dec 2022 before segmentation rates reduced balance - rolled to MM fund, max SS for DH and DW at FRA. Mega retiree health available. IRA rollover from 401k Jan 2020 for NUA treatment. LTCG for 3 years. Next few years will be IRA cash withdrawals or until Stock Market recovers. AA 33% stocks, 67% MM and T-Bills. Rising equity glidepath.
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03-24-2020, 05:22 AM
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#78
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Thinks s/he gets paid by the post
Join Date: Sep 2014
Location: The Great Wide Open
Posts: 3,804
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I'm buying hotel cumulative preferreds, and CEM. I believe this is all short lived.
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03-24-2020, 06:47 AM
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#79
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Thinks s/he gets paid by the post
Join Date: Aug 2009
Posts: 1,578
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Quote:
Originally Posted by Winemaker
I'm buying hotel cumulative preferreds, and CEM. I believe this is all short lived.
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That's brave [emoji4]. Hopefully you're right.
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03-24-2020, 06:51 AM
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#80
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Full time employment: Posting here.
Join Date: Jul 2013
Posts: 953
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Somewhat related- Is there a source for the S&P close each day? Something that I could use as a lookup for charting portfolio performance vs S&P?
__________________
Well it's all right, we're heading to the end of the line...
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