 |
|
02-05-2018, 04:32 PM
|
#1
|
|
Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
|
Whos got dry powder?
Anyone have a buy target for this sale?
|
|
|
 |
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!
|
|
02-05-2018, 05:43 PM
|
#2
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
 Quote:
Originally Posted by Free bird
Anyone have a buy target for this sale?
|
No, and I think it may be presuming to label it a sale. It is obviously cheaper than a week ago, but not necessarily or even likely cheaper than some reasonable standard of value, which itself would not guarantee a bottom.
I believe that investors should try to use descriptive terms, not opinion suggesting terms when trying to talk about markets.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
|
02-05-2018, 05:48 PM
|
#3
|
|
Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
|
Is that a general rule?
|
|
|
|
|
02-05-2018, 06:15 PM
|
#4
|
|
gone traveling
Join Date: Mar 2015
Posts: 3,508
|
Quote:
Originally Posted by Free bird
Anyone have a buy target for this sale?
|
Were you promoting this sale back in early December?
|
|
|
|
|
02-05-2018, 06:34 PM
|
#5
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
|
I think we have a ways to go before this is over. But I will buy when my AA is around 5% out of alignment.
|
|
|
|
|
02-05-2018, 06:43 PM
|
#6
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
|
It may take a while for this to play out. As explained elsewhere, I already sold some put options in mid January, at low strike prices that I really did not expect to hit.
Well, some strike prices have been breached, and if the market does not rebound some by Feb 16, I will find my stock AA going back up to 70+%. I need to refrain from buying even more. Gotta hang on to my cash (about 30% now).
On the way up, the market hit the high strike prices of the call options that I thought impossible to reach. On the way down, it may also take out prices that I did not think possible.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
|
|
|
|
|
02-05-2018, 06:48 PM
|
#7
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
|
Can't file taxes until brokerage finishes my last form, THEN I'll have some money to work with. So let's hold off on the rally until maybe early April? OK? Thanks! 
|
|
|
|
|
02-05-2018, 06:50 PM
|
#8
|
|
Full time employment: Posting here.
Join Date: Jun 2017
Posts: 504
|
I tried to buy a few k today but vanguard’s website had crashed. I’m not sure if I should buy in periodically or wait for lower prices. I don’t know if this is a crash or small correction. If the market drops 25% or more, I’m going to dump all my cash in and sell the meager bonds I have for stocks - but I have a long time until I retire and dual income
|
|
|
|
|
02-05-2018, 06:52 PM
|
#9
|
|
Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
|
I’ve tended to be a 100% stocks guy in the past. However, a combination of getting older, having more money at stake, valuations, and having kids has had me slowly lowering my stock allocation over the last couple of years.
I was 70% stocks / 30% cash or short term treasuries last Monday night when I added everything up. So I’m probably something like 65/35 now.
The market is still really stretched valuation-wise in my opinion. I think we are still at least a few thousand points in the Dow from my getting interested in buying more stock in an aggressive way.
There are a couple of individual names that I think are reasonably valued that I might nibble at soon, but for the most part I’m not interested yet.
|
|
|
|
|
02-05-2018, 07:43 PM
|
#10
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
|
But target?
No, but like I said, Wake me up when the correction hits 20%.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
|
|
|
|
|
02-05-2018, 08:08 PM
|
#11
|
|
Full time employment: Posting here.
Join Date: May 2013
Posts: 609
|
I’ve got tons of dry powder but it’ll take a 30% peak to trough drop to get me to start buying more equities.
__________________
Saved 8 figures by my mid-40's as a professional bubble-spotter. Beware...the Fed creates bubble after bubble after bubble.
|
|
|
|
|
02-05-2018, 08:54 PM
|
#12
|
|
Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 2,232
|
I set my AA when the Dow and the S&P were considerably below what they are today. Until, and unless things drop well below what they are today, I'm not playing around with it.
But to answer your question, yes, I have a lot of dry powder, relative to my nut.
|
|
|
|
|
02-05-2018, 10:48 PM
|
#13
|
|
Recycles dryer sheets
Join Date: Mar 2011
Posts: 220
|
35% dry powder. Have had some remorse in the last several years for not deploying. Will wait til market settles some and maybe DCA some back in. I said maybe.
|
|
|
|
|
02-05-2018, 10:55 PM
|
#14
|
|
Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
|
Should never feel remorse about having cash. Fund managers have cash. Warren Buffet has cash. Corporations have cash. Why would an individual be different? Cash is empowering.
|
|
|
|
|
02-06-2018, 12:06 AM
|
#15
|
|
Recycles dryer sheets
Join Date: Nov 2015
Posts: 445
|
Quote:
Originally Posted by Free bird
Should never feel remorse about having cash. Fund managers have cash. Warren Buffet has cash. Corporations have cash. Why would an individual be different? Cash is empowering.
|
We will continue to buy/sell as necessary to maintain our AA. We have dry powder for some extra equity buying on the side, but I'm beginning to think that we'll be very conservative with it should the market drop 20% or more (as most of us here expect it will). I originally planned to use all of the powder to buy "on sale" but now think I'll likely use half of it.
Yes, Free bird Cash is empowering.
|
|
|
|
|
02-06-2018, 12:26 AM
|
#16
|
|
Recycles dryer sheets
Join Date: Mar 2009
Location: Newcastle, WA
Posts: 208
|
I have 'dry powder', but it's supposedly for getting me through the early retirement years, thus easing 'sequence of returns' risk. Don't know if cutting into that to buy into the stock market is wise for me (I have 'just enough').
__________________
Don't just do something; stand there!
- Jack Bogle
|
|
|
|
|
02-06-2018, 02:26 AM
|
#17
|
|
Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
|
I like just buying more shares for whatever money I have to work with each month. I don't worry too much about what the market is doing as it's futile anyways. The market will do what the market will do. I know at least some of the time I will get good prices.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
|
|
|
|
|
02-06-2018, 04:43 AM
|
#18
|
|
Full time employment: Posting here.
Join Date: Aug 2013
Location: New Jersey
Posts: 950
|
I'm spending $2.5K of my $7.5K cash balance today buying some stock. I usually spend $1K per month buying stock.
|
|
|
|
|
02-06-2018, 06:02 AM
|
#19
|
|
Recycles dryer sheets
Join Date: Aug 2013
Posts: 275
|
Currently sitting on 32% dry powder. Have not made a "major" buy into the market since Jan 15 2016. Would be looking at putting money back in around 2400 level (S&P). Would not surprise me if we revisit 2100 level if there are panic selling days. JMHO....
|
|
|
|
|
02-06-2018, 06:17 AM
|
#20
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2016
Location: The Shire
Posts: 1,504
|
Heading for the hills
From the title I thought you were starting a thread about skiing.
__________________
Paying it forward is the best investment.
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
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
|
|
|
Linear Mode
