October 10th Market Plunge
- Thread starter MoneyChic
- Start date
audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
This might help put today in perspective:
That does indicate today’s move was pretty sizable! Not many that big in the past few years.
NYEXPAT
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I would say that you should stick to your plan!
marko
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38Chevy454
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Just a little bump in the road, I'm still on cruise control.
NW-Bound
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I own 30 or so individual stocks and simply add to them when the price is right. The price is still not right for most but some are getting closer.
All pay dividends and nothing fundamental has changed that would affect that for my holdings.
A step toward a buying opportunity plain and simple.
All pay dividends and nothing fundamental has changed that would affect that for my holdings.
A step toward a buying opportunity plain and simple.
gcgang
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Don't buy until you feel too fearful to buy.
Thanks for the comments everyone. I’m still on the fence on this one, but leaning towards investing some today- not all of my cash, but just the amount that was scheduled to be invested in a couple of weeks anyway.
It will be interesting to see what happens when the markets open today.
It will be interesting to see what happens when the markets open today.
This does not apply to me because I was itching to buy more stocks when market bottomed in 2008. I sold all my bonds and bought stocks at that time. I was looking for more cash but didn't find any!
I’m not waiting for a market crash because I’ll continue to have more income to invest every year for many more years. I’m just DCAing the cash I have from a recent real estate sale over the course of a few months.
JustCurious
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On July 11, about 3 months ago, the S&P 500 was at 2,774 which is a little lower than yesterday when it was at 2,785 after the so called "market plunge." Of course in July the market was on it's upward march, but the point is it was at the same level as it is now. I don't understand how people get concerned about a "market plunge" but were unconcerned 3 months ago when the market was at the same level.
scrabbler1
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I agree, as long as the prior date for comparison purposes is fairly recent, as opposed to some ancient date many years ago. Three months is definitely recent enough.
USGrant1962
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I sold some stock a couple of weeks ago to fund the next two years of spending (sitting as cash in Vanguard Prime MM). That combined with this drop has caused my U.S. stock allocation to hit a rebalancing limit.
Today I'll place an order to move some of my 401(k) bond allocation to U.S. stocks.
This is my first official rebalance since ER
Today I'll place an order to move some of my 401(k) bond allocation to U.S. stocks.
This is my first official rebalance since ER
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If I were DCA’ing, I woul be like the OP and want to put a little more in now. Maybe a reasonable acceleration would be to double up on the next buy? I don’t know, but I’d probably put some extra in now.
I invest in a very similar way. It’s been working for 8 years, no problems. If I have some cash, I buy when the market drops.
Fedup
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I took a little nibbling through options. I can’t remember when I sold early this year, but I might get it back a little cheaper.
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Also, the S&P was at about 2,720 at the beginning of the year. So we’re essentially flat at this point. Of course there was a lot of volatility this year. No worried yet. Of course at less than a 50% equity AA, I don’t worry too much anyway.
calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Either you all have nerves of steel or there is some whistling in the graveyard going on. I don't like it when $40k vanishes in a week. My morning mood is not improved when I go to Discover online bank to check on a fund transfer and see this message:
Account service is limited at this time.
Some of our website features are currently unavailable.
Any previously scheduled transactions, bill payments, and loan payments will process as normal
Your balance and account history has been updated as of 10/11/2018
You can view 45 days of account history
New funds transfers and loan payments cannot be scheduled
We appreciate your patience and regret any inconvenience.
Makes a big ol' chicken man want to start stuffing the mattress rather than counting on digital cash representations.
Account service is limited at this time.
Some of our website features are currently unavailable.
Any previously scheduled transactions, bill payments, and loan payments will process as normal
Your balance and account history has been updated as of 10/11/2018
You can view 45 days of account history
New funds transfers and loan payments cannot be scheduled
We appreciate your patience and regret any inconvenience.
Makes a big ol' chicken man want to start stuffing the mattress rather than counting on digital cash representations.
38Chevy454
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It could be a bad metaphor. This guy was on Tesla autopilot when it happened.
I don't own or plan to own any Tesla car or stock
