Another Market Down Day .. Are you buying or selling ?

[Free bird]

Wasn't Bond a bit of a bumbling idiot in the books?

 

[NW-Bound]

Nope. Not that I recall.

He was no superman like Bond in the movies. Fleming's Bond got hurt a few times, but of course he survived, else the book series would end.

 

[Free bird]

So you agree the movies do not reflect the novels to any great degree?

 

[NW-Bound]

Most Bond movies had very little to do with Fleming's novels, even when they share the same title.

The exception was Casino Royale, which was Fleming's very first Bond novel (1953). And the movie managed to stay reasonably close to the book's plot. Bond (Craig) was hurt bad near the end, and almost suffered permanent damage. And that was in the book.

It was strange that after several decades of movies, they finally turned the 1st Fleming's book into a movie, and did a good job of it.

Dr. No, the very first Bond movie with Sean Connery, was also a reasonable adaptation of the novel of the same title.

And there were a couple more movies that were more loosely based on the novels of the same names. Several were entirely bogus.

 

[Free bird]

Your on the money.

 

[Free bird]

Hollyweird will butcher a book to its hearts content if they think it will put $

 

[TwoByFour]

Surfed the Web earlier this morning, while drinking my coffee. Saw that the Dow was down more than 300 points. Darn! Did not buy or sell anything.

Haha, I got up at the crack of dawn and surfed a local break called Woody's. Beautiful 6-8' waves. Had a wonderful time. Not a care in the world out there, certainly not the Dow. But then I had to come back to reality. Ugh.

 

[redduck]

…
I sleep through the gyrations... Inevitably, the pictures are of people in funny clothes playing some kind of a game with balls. I typically watch a little of that action out of curiosity...

...and reinforces (for me) why I spend my time trading instead of playing with my Yoyo.

You guys talking in code?

 

[Free bird]

You didn't notice that shark right next to your right leg?

 

[corn18]

I do what I always do: nothing. My Investment Policy Statement doesn't have anything in it about market timing, so I just trudge along buying the same boring stuff every month. Then rebalance at the end of the year. I'm as passive as a passive investor can get, I think. All I can tell from my spreadsheet is that I have $324,000 more in my accounts today than I did on 1 Jan. I doubt any of that is from gains, but don't feel like taking the time to figure it out.

Don't just do something, stand there!

 

[Totoro]

Gearing up to buy mid December right for DM portfolio. We decided every 6 months roughly what to do. As usual, might miss the window (november 6th) but I refuse to have the market put that kind of time of pressure on us. That leads to suffering ..

For myself I'm a bit more flexible for the individual account: Bought a little bit of EMIM already (emerging markets) from cash sitting idle, since that took a real good clobbering with -11% YTD and -18% from the high water mark. Might boost it a bit more.

Or buy an inverse oil future fund with the current higher prices.

 

[NW-Bound]

Looking on the bright side, the covered calls I sold a couple of weeks ago expired today out of the money

I usually wait for expiry, then write calls again. And I aim for 1 month out, because collecting smaller premiums more frequently is better than getting higher premiums less often.

But the last few weeks, things turned so bearish that I bought them back cheap, then waited for a bounce to write again. However, not all of the stocks bounced enough to make writing covered calls on them worthwhile. And I also do not want the strike prices too close to the current share prices, because a sudden rally would force me to sell most of my shares, then what would I do having no stocks? I cannot see myself without some stocks. I feel bad if I do not have at least 50% in stocks.

Even so, this month I cleared $9,426 on option premiums, to be exact. Nowhere near enough to make up for the portfolio loss, but every dollar counts.

 

[Oz investor]

this has always been my favorite ( maybe i am showing my age )

On Her Majesty's Secret Service (1969) - Official Trailer - George Lazenby Bond Movie HD

 

[NW-Bound]

"On Her Majesty's Secret Service" is another Bond movie that reasonably follows the Fleming novel of the same name.

And the ending of the movie was also true to the novel, when Bond's newlywed wife (Diana Rigg, whom I have always thought of as Mrs. Peel) was murdered.

 

[misanman]

Even so, this month I cleared $9,426 on option premiums, to be exact. Nowhere near enough to make up for the portfolio loss, but every dollar counts.

Wow, I'm a rank amateur at $1,000 to $1,500 a month. Despite trying to be a bit more systematic in my approach, I've come to believe that selling covered calls is often just opportunistic, and I'm not sure how to approach it in a sudden down market.

 

[NW-Bound]

My income from covered calls may look impressive, but it is the total return that counts. There, I am not doing well at all.

By the way, the above $9426 includes cash-covered put premiums. I usually do not sell puts, but with the market dropping and not giving me a chance to sell as many calls, I tried to make money with out-of-the-money puts. The market dropped far worse than I anticipated, and I had several puts that were/will be assigned, and that cost me around $10K. But that $10K will show up in the total return, where I account for that.

In all, not as impressive as it looks. It's easier to make money in a bull market.

 

[HMMY]

Both selling and buying. Sold VXUS and bought VEU to tax loss harvest. VEU dropped, so sold VEU and bought IXUS. Captured $25k of long term losses and $10k of short term losses. Didn't do any rebalancing because my +/-5% bands have not been triggered. Just following my plan.

 

[revhappy]

Both selling and buying. Sold VXUS and bought VEU to tax loss harvest. VEU dropped, so sold VEU and bought IXUS. Captured $25k of long term losses and $10k of short term losses. Didn't do any rebalancing because my +/-5% bands have not been triggered. Just following my plan.

I like the that +/-5% thresholds.

 

[HMMY]

I like the that +/-5% thresholds.

It's good to have rules; otherwise, I might give in to my urge to do something when doing nothing is better.

 

[HFWR]

It's good to have rules; otherwise, I might give in to my urge to do something when doing nothing is better.

Indeed, though I like +/-10%.

 

[RobLJ]

I'm down about 7-8% in my personal stock allocation rate (DW is younger so her allocation is larger), so I may nibble at a 2-3% rebalancing, if the market sinks lower over the next week or two.

Otherwise, I'll wait until late January, when I usually rebalance. (I've raised cash the last 2 years, so I'm feeling generous on stocks.)

 

[RobLJ]

Note: I'm supposed to rebalance when I'm 5% out of balance, but I'm kind of curious what happens over the next 2-4 weeks.

 

[audreyh1]

I was at about 51.5% equities while things were high, and now I’m down to about 48%. That’s not enough to trigger rebalancing.

 

[FireBug]

Only selling for the remainder of my life (but none needed at the moment luckily).

Spent first 50 years only buying, next 50 years (hopefully) only selling.

Nice.

 

[dvalley]

Gotta love the financial headlines from the last few days:

The bull market is over
...the next day
Dow soars, this bull market isn't over yet
...repeat