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Discussion in 'The Tiki Bar' started by Creekwood, Feb 9, 2018.
Anyone going on a shopping spree for bargains?
GE is dropping towards my buy order.
Usually I'm going the wrong direction when the market makes big moves. This time I had stop orders in before the market started tanking. I got out of all positions with very little loss.
Sitting on the sidelines Mike
I did nothing yet (meaning I rode the plunge downward), but I was defensive and holding too much cash equivalents over the past couple years. Time to deploy some capital methinks.
I’m a long term guy so I ride the waves.
Investing excess funds on a regular basis through up and down markets and not planning on taking it out until I have to and then taking it out the same way it went in.
Been doing it for about 35 years now and it’s gotten me through black Monday, the tech bubble, the 2008 debacle and several corrections along the way.
On a regular basis, regardless of where the market is as a whole, I’ll sell individual problem stuff and buy something else that I think is set to do better in the long term.
I leave timing of the markets on a broader basis to the guys who do that for a living.
I'm with you JVM. I just keep maxing out all my accounts year after year. This correction period is almost relieving in a weird way. We all knew it was coming. The market got rid of some of the fat and now it'll be back on the upswing. Slow and steady boys
Interesting graphic on CNBC this morning.
Sad for those that borrowed to invest. One feels that this sort of thing is intended to keep the regular focks poor and working.
As Jed Clampett said "Don't put all your eggs in one basket"
Falling knife. As much as I would like to buy GE, my guess is it will be split up and sold.
Every time I hear of someone doing that I cringe. A little liquid nest egg (savings account) is the absolute minimum to get you through rough waters. If everything is going great (job is solid, bills all caught up), raid half of that and do some investing! CNBC had an article out about a large chunk of the country, if they ran into a unexpected $1000 bill for whatever, would have to borrow or put that bill on a credit card due to having no savings. My concern would be these are the same people that would mortgage their houses to get in to bitcoin.