Falling knives?Who’s doubling down and buying? Some good buys out there unless there is an apocalypse.
We just happened to be switching money guys two weeks ago so had cash money in hand when all this started. Needless to say we're not in any rush to get back in just yet. Just a fluke stroke of luck as it was our entire nest egg. Dumb **** luck.
We just happened to be switching money guys two weeks ago so had cash money in hand when all this started. Needless to say we're not in any rush to get back in just yet. Just a fluke stroke of luck as it was our entire nest egg. Dumb **** luck.
It's all out of my hands now. I trust the guy that's dealing with it. He said he wouldn't rush into things but I'm sure he's searching for good deals. They're a fairly conservative firm even with their "high risk" stuff. I was very close to starting up a small residential development on my own and would have been mortgaged to the tits. I stepped back and realized that perhaps a "forget about it fund" is in my best interest at this point. It's crazy what 20 years in one of the accounts can turn into. Plus this way I can fish more.If you are sitting in cash no reason not to start buying a little bit on the way down. no way to predict when the bottom is going to happen. Its already quit a bit off the highs. lots of stocks on sale with low P/E around 10-15 that usually sit at about 20
If you are sitting in cash no reason not to start buying a little bit on the way down. no way to predict when the bottom is going to happen. Its already quit a bit off the highs. lots of stocks on sale with low P/E around 10-15 that usually sit at about 20
Not a chance. I tried a little here and a little there and I'm just not cut out for it. I obsessed over things, constantly watched, lost sleep. I'll happily pay the 1% so I can focus my attention on what I'm good at, yelling at sub trades.x2 - I wouldn’t have my entire nest egg on the sidelines either, market has dropped enough that any long term investments will do very well, regardless of where this current downturn ends before recovering, so long as you don’t need your money in the short term. Sideline cash doesn’t earn dividends and its not hard to find “safe” stocks and ETFs that yield 4-7%. You can get the best of both worlds right now - dividend returns while the market turmoil continues and long-term growth once the markets inevitably recover. That’s my two-cents anyway. Well, that and ditch your money guy, Q-trade and others make it so easy to DIY that you don’t need others creaming profits off your money!
Cheers!
Ukee