Anybody buying on this downturn?

[Singuy]

My only concern is that a cure will likely bring a bull sentiment back which doesn't give us a lot of time to buy the dip. We really need some people to start losing jobs to make these sp levels stick for awhile.

[kork13]

Agreed with Singuy & DS... I still believe wholeheartedly in the American (and global) economy. That's really the bottom line here -- confidence in the overall economy &a willingness to see it through. It's definitely going to hurt for a little while, but by buying into it on the way down & through the trough, I'll come out well ahead in the long run.

My next round of limit orders are executing in rapid succession this morning, 2/6 so far. I'll need to setup another batch of purchase orders.

[disneysteve]

I was listening to the talking heads last night--they estimated some of the airlines might run out of money by the end of May with all the cancellations and reductions in schedules. They were speculating as to what kind of help from Uncle Sam would be best. I suppose now is the time to buy because after they announce some sort of bailout plan--the stocks will go up.

My thoughts exactly. I fully expect a government bailout of the airlines, just as we saw with banks and automakers before.

[Like2Plan]

AAL pre market is down to 11.46. Wonder if that stock will see single digits?

I was listening to the talking heads last night--they estimated some of the airlines might run out of money by the end of May with all the cancellations and reductions in schedules. They were speculating as to what kind of help from Uncle Sam would be best. I suppose now is the time to buy because after they announce some sort of bailout plan--the stocks will go up.

[disneysteve]

I was telling wife yesterday how this stock market is exactly what we are waiting for. Last time I didn't participate during the financial crisis because I didn't understand stocks and was focused on paying off a mortgage. This time we have an earnings potential of 4x more with no where to park our money anyways. Warren and myself are jumping for joy. If this was a video game, we just got a 2x power up.

You know how many people said the market was a sinking ship In 2009 when dow was at 8k? Those who bought in found the Dow hit 7k. People on the side line pointed and laughed. The same people who wish they bought in when dow was crossing 20k and almost 30k.

Yeah I am not going to lose this opportunity again. Going to infuse 20k/ month into the market. If it drops more then it drops more. The more stock drops, the more money I make in 5-10 years. I was sick and tired of everything being too high and everyone thinking a recession coming any moment. Now that it might be here, we can finally have our bull market for another 10 years.

Same here. Last time around, I didn't have much money free to invest. Now I do. This is the opportunity of a lifetime.

Buy and hold is never dead. When people start thinking that is exactly when it's time to start buying.

[Singuy]

I was telling wife yesterday how this stock market is exactly what we are waiting for. Last time I didn't participate during the financial crisis because I didn't understand stocks and was focused on paying off a mortgage. This time we have an earnings potential of 4x more with no where to park our money anyways. Warren and myself are jumping for joy. If this was a video game, we just got a 2x power up.

You know how many people said the market was a sinking ship In 2009 when dow was at 8k? Those who bought in found the Dow hit 7k. People on the side line pointed and laughed. The same people who wish they bought in when dow was crossing 20k and almost 30k.

Yeah I am not going to lose this opportunity again. Going to infuse 20k/ month into the market. If it drops more then it drops more. The more stock drops, the more money I make in 5-10 years. I was sick and tired of everything being too high and everyone thinking a recession coming any moment. Now that it might be here, we can finally have our bull market for another 10 years.

[Singuy]

Not buying but sold all the day before the Dow dropped 2300. Buy & hold is dead. I can always get back in later but now is the time to get out. When the ship is sinking get off. Don't go down with the ship.

I don't understand what this means. Stock market always trended up overtime. Has it ever gone to zero or less? How is buying and hold is dead? Like will I ever owe money to vanguard if I keep my index funds? If not then what exactly is sinking?

[rennigade]

AAL pre market is down to 11.46. Wonder if that stock will see single digits?

[rennigade]

Not buying but sold all the day before the Dow dropped 2300. Buy & hold is dead. I can always get back in later but now is the time to get out. When the ship is sinking get off. Don't go down with the ship.

meh...im going to hold. If the ship sinks (which it wont,) it will not matter what sort of money reserves you have or where they are stored. You better have food rations and plenty of guns/ammo.

Also, unless you're retired or want to retire soon, the market has absolutely zero impact on my day to day life...being 38 years old. I have never sold/withdrawn any money I ever invested, as of yet. My daily/monthly expenses are covered by my job. If all of my invested money vanished tomorrow, my life wouldnt change right now...it would change later in life since I would have to work longer...but day to day, nothing changes.

[QuarterMillionMan]

Not buying but sold all the day before the Dow dropped 2300. Buy & hold is dead. I can always get back in later but now is the time to get out. When the ship is sinking get off. Don't go down with the ship.

[kork13]

Ditto DS & ~bs ..... I've tossed in ~$12k extra so far, with another $1k of orders waiting for further dips. All going into assets I've been planning to buy anyway, so this down had simply accelerated those plans.

[~bs]

I'm not a market timer either. Buying on big drops that have nothing fundamentally to do with the companies themselves is exactly what Warren Buffet preaches. This is one of those opportunities that only comes along a few times in one's lifetime.

Of the $11,150 I've put in, over 60% went into a mutual fund and an ETF. I did buy an individual stock but it was a small stake.

Yeah, I'm doing the same. The elimination of trading fees is a nice plus because you can trade in smaller increments more frequently with no repercussions. I'm basically throwing some money into every dip.

[disneysteve]

I continue to buy and hold for long-term like Warren Buffet. I stopped doing any market timing a long time ago.

I'm not a market timer either. Buying on big drops that have nothing fundamentally to do with the companies themselves is exactly what Warren Buffet preaches. This is one of those opportunities that only comes along a few times in one's lifetime.

Of the $11,150 I've put in, over 60% went into a mutual fund and an ETF. I did buy an individual stock but it was a small stake.

[~bs]

I've put a total of $11,150 into the market over the past couple of weeks that I wouldn't have otherwise invested. That represents just under 1% of our portfolio at this point. I could have put in more and still might, but it looks like the market responded well to yesterday's news and assuming the Senate passes the House bill and Trump signs it, that will probably stabilize the markets so I'll wait and see what happens. And I'll see if that 11K investment pays off well.

Bounce was market relief that our lawmakers are doing SOMETHING. I do think we have a lot more losses and volatility ahead though. Sounds like your dollar cost averaging strategy is working!

[LivingAlmostLarge]

i'll figure it out this weekend. Debating with DH between dumping more in after we dumped in about $100k in january or waiting and seeing how housing goes and buying something else.