Sinking dat money into my index funds on the dive has now paid off nicely.
Talking stocks, trading, and investing in general - Page 625
I was too much of a pussy to buy any significant positions during the recent correction, other than adding to my AAPL position.
Relieved a lot of stress as I increased my cash position but also means I didn't successfully bottom fish.
Trimmed off some CPG and put in more orders to buy if it drops again.
Have so many stocks that are just itching to be trimmed... Just need 3-5% gains on a few and I can take some money off the table... DIS, AAPL, TSLA, etc.
That being said I'm now about 30% cash.... I guess it's a better feeling when things are coming up and I'm trimming and cash heavy then when they're dropping and I'm out of cash.
So anyone got something that looks worth buying?
If this makes no sense, someone please tell me (honestly). Or heck, share your techniques, I'm all ears.
Other than GILD, I've been burned too hard on biotech so now I'm only holding IBB. Again, even starting to buy in under 300 which seemed decent, the thing is now flittering around 240-250, so again, didn't exactly work out. I'm planning to buy more at 240 and under.
Speaking of which, damn MANN. I was buying it around 2.5, then a lot at 1.5, then it dropped to 1 and eventually 0.65, I sold at 0.65 and lost a few thousand which meant a lot to me, and it's been steadily rising and is now back at 1.5, which was my breakeven more or less. Shoulda just waited it out and assumed it was either a bust or due for rebound.
I thought I aggressively bought into the dip but it turns out I wasn't aggressive enough and still have more cash sitting around than is reasonable. A lot of people who know more than me have been saying we should expect lower growth over the next decade, so I didn't think it would come back quite this quickly and wanted to be prepared to continue to buy into dips. I'm feeling great about my new investments and just wish I had made more of them. On the other hand, I could have just as easily put the money to work in November or December as many people would have advised (since 2/3 of the time it's better to lump sum as opposed to DCA) but fortunately I thought it wise to wait a bit.
I have been thinking of getting into some fixed income (really interested in muni bond funds) as the yields seem pretty good still even though the prices reflect quite a bit of appreciation over the last year or two.
By the way, @jbarwick's post about best places to park cash has gotten me to think more about what I'm doing. Probably as good a time as any to open an account at Ally and get 5x my current return on cash.
For a variety of reasons (Bogleheads, professional/ethical obligations, time commitment and humility) I've shifted almost entirely into index fund investing. I'm still maintaining almost all of my old positions but most of my recent and future investment will be in VTI.
Lol. I stuck a bunch in. Sticking a bunch more in too.
I will say while looking on Vanguard for CD rates, they sell Corporate bonds with <1 year to go for maturity with rates >1%. They are investment grade organizations so it may be worth looking into to see what that is all about. I've never purchased any bonds other than an index fund and it may be worth the risk with an investment grade organization but then I have flashbacks to MBS with high ratings and that went well....