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7-19 (-900) points: Holding? Selling? Buying?
Old 07-19-2021, 12:05 PM   #1
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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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Old 07-19-2021, 12:07 PM   #2
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Quote:
Originally Posted by MichealKnight View Post
Curious, what are y'all doing today? Buying? Selling? Just leaving things put?
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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Old 07-19-2021, 12:09 PM   #3
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I am looking for bargains.....time to buy!
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Old 07-19-2021, 12:10 PM   #4
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The market is down today?
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Old 07-19-2021, 12:11 PM   #5
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Yes -- the market is crashing! It is all the way down to where it was 4 weeks ago! Aaagh!
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Old 07-19-2021, 12:14 PM   #6
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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
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Old 07-19-2021, 12:17 PM   #7
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I'm so glad I re-balanced last week.
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Old 07-19-2021, 12:18 PM   #8
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I'm napping today.
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Old 07-19-2021, 12:18 PM   #9
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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.
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Old 07-19-2021, 12:18 PM   #10
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look to rebalance if necessary
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Old 07-19-2021, 12:24 PM   #11
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Sold a call on an etf when it was up. Now it's down.
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Old 07-19-2021, 12:25 PM   #12
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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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Old 07-19-2021, 12:33 PM   #13
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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.
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Old 07-19-2021, 12:34 PM   #14
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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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Old 07-19-2021, 12:41 PM   #15
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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.
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Old 07-19-2021, 12:50 PM   #16
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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.
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Old 07-19-2021, 12:50 PM   #17
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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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Old 07-19-2021, 12:55 PM   #18
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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.
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Old 07-19-2021, 01:01 PM   #19
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Perhaps Dow 36,000 won't happen in this market cycle either.

https://en.wikipedia.org/wiki/Dow_36,000
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Old 07-19-2021, 01:04 PM   #20
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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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