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Talking stocks, trading, and investing in general - Page 625

post #9361 of 11160
Quote:
Originally Posted by GreenFrog View Post

Back at where we were before the year started.

Feels unnerving. Something ain't right.

Sinking dat money into my index funds on the dive has now paid off nicely. smile.gif
post #9362 of 11160

Everyone thinks they have a chart saying we are going down any day.  I will keep adding as I always have.  I just look on the bright side that I could have sunk a bunch of money in VRX and be really sad currently.

post #9363 of 11160
Quote:
Originally Posted by Piobaire View Post

Sinking dat money into my index funds on the dive has now paid off nicely. smile.gif

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.
post #9364 of 11160
I trimmed off a bit here and there today. Sold some LXP (was way overweighted) and allocated it to NLY for if it come down at some point (loving that NLY yield).

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?
post #9365 of 11160
30% cash? Too bad you didn't dump that all into a nice index fund about six weeks ago. smile.gif
post #9366 of 11160
Well I was down to under 5% cash until last month. As things have come back up I've been trimming to take my gains. I've definitely been kicking myself for selling earlier than I could, but I've also decided that this game is about knowing when to get out and take the profits off the table. For example, I started buying TSLA at 200 and bought at 180, 160, 150, etc. So when it went from 145 up to 180, I sold a few that I'd bought at 150. Is And then sold more at 200. And now more at 220. Would I have been better off holding it all until the 220? Sure, but considering it went from 220/230 down to 145 within a few days, you never know, so I took my 15-20% profit on that portion off the table and have trimmed as it comes up and then put in buy orders lower down so I can catch it on the way down again. My game is to just ride the ups and downs and buy down and sell up. I can't predict the bottom or the top, but if I can squeeze out 10-15-20% as it moves around and still keep at least a half to a third of the main the holding along the way, I'm ok with that. Will AAPL hit 120 or 130, I think so, but I bought some extra at 95 and I'm selling it at 110. At 135/140 I'd completely sell it all off. At 260 I'll sell all my TSLA. Could it hit 300, I don't know, maybe, but if I'm getting 30-50% returns on the investment I'm out of there and will patiently wait for it to come back down.

If this makes no sense, someone please tell me (honestly). Or heck, share your techniques, I'm all ears.
post #9367 of 11160
Quote:
Originally Posted by Master-Classter View Post

Or heck, share your techniques, I'm all ears.

Buy index funds. Don't sell. Buy more index funds. Rinse and repeat for 30 years.
post #9368 of 11160
I'm down hard on CPD.TO and ZPR.TO, like 15-20%. Didn't exactly work out. I've been adding more to them but I've already got in more than I'd like.

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.
post #9369 of 11160
I won't belabor points I've made before, but time's arrow runs only one direction

>
post #9370 of 11160
Quote:
Originally Posted by Piobaire View Post

30% cash? Too bad you didn't dump that all into a nice index fund about six weeks ago. smile.gif

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.
Quote:
Originally Posted by Piobaire View Post

Buy index funds. Don't sell. Buy more index funds. Rinse and repeat for 30 years.

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.
post #9371 of 11160
Quote:
Originally Posted by UnFacconable View Post


...time commitment and humility...

Those are my two main reasons for my heavy reliance in index funds...that and the overwhelming data out there demonstrating time and again it's the best strategy for the vast majority of investors.
post #9372 of 11160
Quote:
Originally Posted by lawyerdad View Post

I won't belabor points I've made before, but time's arrow runs only one direction
>

Time flies like an arrow.

Fruit flies like a banana.
post #9373 of 11160
Quote:
Originally Posted by jbarwick View Post
 

Everyone thinks they have a chart saying we are going down any day.  I will keep adding as I always have.  I just look on the bright side that I could have sunk a bunch of money in VRX and be really sad currently.

Lol. I stuck a bunch in. Sticking a bunch more in too.

post #9374 of 11160
I had a very pleasant dream the other night where I went all-in on some stock with margin and it popped like 140% the day after.
post #9375 of 11160

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....

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