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7-19 (-900) points: Holding? Selling? Buying?
07-19-2021, 12:05 PM
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#1
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Full time employment: Posting here.
Join Date: May 2019
Posts: 520
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7-19 (-900) points: Holding? Selling? Buying?
I am relatively new at having stocks and bonds. (Retired 5 months, age 46)
Admittedly in the last 20 years, the little dabbling I did with stocks - I always SOLD during a selloff out of fear and when I look back, had I just IGNORED the selloffs and crash every single time - I'd have much more money today. So I've promised myself not to even look at my 'grand total' on exceptionally bad days - like today.
Curious, what are y'all doing today? Buying? Selling? Just leaving things put?
I think I know the answer - just hoping to hear it a few times
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07-19-2021, 12:07 PM
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#2
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Moderator
Join Date: Nov 2015
Posts: 13,879
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Quote:
Originally Posted by MichealKnight
Curious, what are y'all doing today? Buying? Selling? Just leaving things put?
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Not even looking. I'm not a day trader, and I have no intention of spending all day every day being chained to market tickers.
And I really mean not looking. I would have no idea that some index or all of them are having a bad day, were it not for this thread. Don't wanna know, don't care.
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07-19-2021, 12:09 PM
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#3
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 797
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I am looking for bargains.....time to buy!
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07-19-2021, 12:10 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2012
Posts: 6,135
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The market is down today?
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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07-19-2021, 12:11 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2020
Location: Milwaukee
Posts: 3,976
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Yes -- the market is crashing! It is all the way down to where it was 4 weeks ago! Aaagh!
__________________
The closing years of life are like the end of a masquerade party, when the masks are dropped. -Arthur Schopenhauer, philosopher (1788-1860)
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07-19-2021, 12:14 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,232
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I think most of the responses will be one of the following:
1) I didn't even know the market was down today
2) Doing nothing as per buy/hold strategy
3) Will look to buy more soon
__________________
TGIM
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07-19-2021, 12:17 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Apex and Bradenton
Posts: 1,792
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I'm so glad I re-balanced last week.
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07-19-2021, 12:18 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,878
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I'm napping today.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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07-19-2021, 12:18 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,866
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I watch daily.
I never buy or sell as a result of the market's movements.
Despite the previous statement, *if* the market is down "a lot" I will opportunistically do part of my annual December Roth conversion early to save taxes / move more over. Last year, I did about half of my Roth conversion on March 17th, which was just about perfect.
Today's action isn't enough to get me to consider anything, although my unprofessional opinion is that I think we're due for a correction or pullback of some kind. There is the technical analysis done every day by CNBC, which has been confirmed by the "WHEEE!!" indicator.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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07-19-2021, 12:18 PM
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#10
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Recycles dryer sheets
Join Date: Jul 2018
Location: Topanga
Posts: 313
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look to rebalance if necessary
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07-19-2021, 12:24 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Sold a call on an etf when it was up. Now it's down.
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07-19-2021, 12:25 PM
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#12
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Full time employment: Posting here.
Join Date: May 2019
Posts: 520
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I'm still getting my plan underway. My long term plan is to be 55% stocks.
Last week I was 49% vested in stocks. I did lighten a bit and ended up at 44% stocks.
So I still have 10-11% of my nest-egg to put into stocks. I'm tempted to do it today, but I think there's a better entry point later. Long term I'm clinging to the idea that with ups and downs accounted for - corporate America sort of gets it right. More sodas wil be drank, more burgers and fries eaten, more computers and cell phones used, more gasoline put into tanks and more advertising done.
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07-19-2021, 12:33 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Location: Columbus
Posts: 1,118
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I had no idea and wouldn’t have found out until the National News came on at 6:30. I make it a point not to track it. I rather wait to until I hear it on the News.
__________________
Ohio REFI PE ENG and Investor as of 2016
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07-19-2021, 12:34 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,711
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Oh, cool, thanks for bringing this to my attention. I'll check and see if it looks like it's going to be enough to make me do a slight rebalance here and there.
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07-19-2021, 12:41 PM
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#15
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Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 957
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I ignore drops unless we get a large correction (~20%). That much will get me off my retired backside to dig up what fixed assets I can free up to buy more equity index funds. Then back to the easy chair to relax some more.
__________________
"Learn everyday, but especially from the experiences of others. It's cheaper! " - John Bogle
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07-19-2021, 12:50 PM
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#16
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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: 17,012
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So far it's down 2.6% , not really much.
I hope it goes down 10% as I would like to spend some cash.
The cruise ships have been sinking (stockwise) for a week, I've wondered why they are so high.
Finally I guess people noticed Variant D has been increasing the cases, and this leaves cruise lines very exposed.
I'd buy some cruise lines, but I fully expect 1 or more to go bankrupt.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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07-19-2021, 12:50 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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I sold two loser stocks for tax loss harvesting purposes. I immediately put the money into a few other stocks in different industries so it won’t be considered a wash sale. Other than that, I’m catching up on some of my podcasts.
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07-19-2021, 12:55 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,864
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Bought on Friday, bought more today and will probably buy again tomorrow.
I did sell a portion of one position today that had to much exposure but overall, I'm buying.
__________________
20's "something" mind, trapped in a 70's "something" body
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07-19-2021, 01:04 PM
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#20
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gone traveling
Join Date: Apr 2021
Posts: 74
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When low ER index funds go on sale I buy if I'm liquid, otherwise I hold.
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