Anyone else buying today?

[Tom52]

I have been sitting on a chunk of money from the sale of our last home. The market has been so high this year that I was reluctant to dump it in all at once. I moved about 10% of the money into Wellington this morning and I may put in a bit more on Monday if the market stays down or drops some more.

Anyone else buying on this dip or are you holding out for an even further drop in the market.

 

[hesperus]

Yes, but only to add to sectors that get me to AA goals.
I don't like buying without it being part of my ISP.

 

[Ready]

I'm slightly under my AA, and have been buying small amounts to get back to 60% for the past month or so. I bought yesterday, but will probably not buy any more today.

 

[Car-Guy]

Many of the stocks I track are already well into correction territory and the market as a whole is very near what most would consider in correction. Yes, it's market timing but I'm sitting on a lot of cash.

Am seriously thinking about it.

 

[aja8888]

I have added to SCHD and a bit of XOM. Long term, of course and in my Schwab IRA. No cash to deploy in my Vanguard account.

 

[eytonxav]

I have a lot of dry powder, but will probably wait a bit to see if this sell off continues.

 

[Car-Guy]

I won't go "all in" on any one day but some of the stocks I'm watching are starting to look pretty interesting to me.

 

[marko]

I moved about 2% yesterday and another 2% today from one fund into an S&P index fund I've been coveting. I like to go incrementally. I'll do more if the opportunity arises.

Market forces allowed me to go back in time 10 months and correct my winter oversight.

 

[jfn111]

I've been sitting on 70% cash (making a little over 2% in our interest income fund).
I will start moving into the market if the downtrend continues on Mon.

 

[FIREd_2015]

I think the market has a ways to go before bottoming. Margin debt is still near all time high nearly $505 billion and that is way above the last bubble when it reached $381 billion in July of 2007.

 

[TallTim]

The recent pattern would suggest another weak day Monday or perhaps a poor week. At the current index levels, there will also be some autotrade buying. There are opptys, but mkt seems to lack conviction one way or the other.

Maybe waiting a few more days to see if it really bounces or not. Could look at selling PUTs in individual stocks at an entry price you like - and if the name gets there, you buy at your price plus packet some cash. If not, then you just pocket the $$

 

[W2R]

Yesterday I sold my (former) house, and because of no mortgage I got a big check from the title company. As soon as the title company went through their customary anti-fraud verification with the bank, I deposited it and arranged to upload the money to Vanguard ASAP.

It's still not there. (groan)

I am trying SO hard not to make a hyper-critical crack about the Pony Express versus high tech methods of the digital age.

On the other hand, who knows? Maybe we'll have an even bigger dip on Monday than we did yesterday and today. If the Dow is below 16,000 when I reinvest, then my dream house and move could end up costing me nothing.

 

[marko]

Anyone want to claim this the correction that was forecast for September way back in April?

 

[Lakewood90712]

The Bull needs to bleed more , need to see real panic and capitulation, then I'm buying , like the dirty bottom fisher that I am.

 

[splitwdw]

I've been buying off and on all through the year. I transferred money to my taxable stock account on Wednesday and I'm watching a copy of stocks.
I'm with W2R, use to drive me crazy waiting for funds to show up so I can start trading. The trading company I use now has my funds available pretty fast. I transferred money Wednesday night and my account was showing funds available for trading Thursday morning.

 

[W2R]

I've been buying off and on all through the year. I transferred money to my taxable stock account on Wednesday and I'm watching a copy of stocks.
I'm with W2R, use to drive me crazy waiting for funds to show up so I can start trading. The trading company I use now has my funds available pretty fast. I transferred money Wednesday night and my account was showing funds available for trading Thursday morning.

Give me a pony with saddlebags and point me towards Pennsylvania! My bank is unbelievably slow with any electronic transaction.

The Bull needs to bleed more , need to see real panic and capitulation, then I'm buying , like the dirty bottom fisher that I am.

I love it! I'm getting pretty eager to see that, too. I try not to market time, but the self control required to abstain is hard to muster sometimes.

 

[Fermion]

I did a buy-write today on Apple and Gilead. Essentially getting the shares at some 5% lower level than they are trading today. Both pay a small dividend easily supported by earnings and have healthy PE and growth (much lower price to earnings than the rest of the market).

 

[ducky911]

Nice dip. But not a big deal.

 

[audreyh1]

A little bit. This smells like panic. There aren't really any extraneous events pushing it - more like very low trading volume in general, and a month with many traders on vacation, and Friday's make it worse. DH has been waiting to buy something and bought a little today.

 

[wingfooted]

I capitulated on Wednesday after seeing my 20% YTD gains evaporate to 8% loss.

Now the hard part, when to jump back in.

IMO, the smart play is to start to ease in to short OTM puts.


Sent via ER iPad app

 

[Walt34]

I might buy some more if the drop continues and folks start panicking. For now I'll do no harm and do nothing. I didn't even know about the drop until yesterday afternoon when we got back from a short vacation to the beach.

 

[Animorph]

I hit my rebalancing triggers for just about anything emerging markets, plenty of buying there. Balanced by sells of stuff that is doing better than average. Plus a few more Roth conversions of EM stuff that is way down from the initial beginning of the year conversions. That should probably hold me unless this continues next week. I don't use my extra cash until we're down 20% or more.

 

[Live And Learn]

I still had 1/3rd of my severance sitting in cash. Yesterday looked like a good day to put it in. Hindsight is 20/20. I'm still holding a little more cash than my AA states I should. I've transferred it to my brokerage account but I think it's in the same saddle bag as W2R's check.

 

[Mulligan]

I hit my rebalancing triggers for just about anything emerging markets, plenty of buying there. Balanced by sells of stuff that is doing better than average. Plus a few more Roth conversions of EM stuff that is way down from the initial beginning of the year conversions. That should probably hold me unless this continues next week. I don't use my extra cash until we're down 20% or more.

I like that strategy, but I have no discipline. Money sitting in my brokerage account is as safe as a candy bar in front of a kid. Luckily I buy stable things. In fact I just stole money from my reserves to try and snag more of my prized stock.


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[TallTim]

I capitulated on Wednesday after seeing my 20% YTD gains evaporate to 8% loss.

Now the hard part, when to jump back in.

IMO, the smart play is to start to ease in to short OTM puts.


Sent via ER iPad app

Agree on this approach ... I also know it's a bit trader-ish for FIRE forum, but there are also bargains in VIX and VXX, particularly Sep and Oct futures - priced low compared to current month, so $$ to be made there in the next few days/weeks until the futures clarify on events or real news, IMO