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Anybody buying on this downturn?

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    I had this week's initial limit orders set for 3-4% below last week's close... With the selloff that's apparently in the offing, I reduced the limit prices to 5-6% below. We'll see what goes through... I expect by end of week, we may have a better idea of how all this is going to shape up....
    "Praestantia per minutus" ... "Acta non verba"

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      Today when I was helping my neighbor Jack off his horse, he said he’s buying once the Dow sinks to 18,100
      Never underestimate the power of stupid people in large groups.

      -George Carlin

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        Originally posted by TexasHusker View Post
        Today when I was helping my neighbor Jack off his horse, he said he’s buying once the Dow sinks to 18,100
        Sooo..... Tomorrow? Maybe Tuesday?

        With all the volatility, I've decided to just nest a couple of limit orders for each of the ETFs/stocks I'm buying... One around 5-6% below close, a second around 9% below close. I figure that way if there is another RBD (or few days), I won't be going in partway through the day/week trying to decide what to do. My intention is to set these things up and let them ride throughout the week to execute on their own. Hopefully these paired orders let me sit back and watch the show a little better.
        "Praestantia per minutus" ... "Acta non verba"

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          I moved money into our settlement fund for our regular monthly investment. I didn't put the order in yet but will shortly. This is our taxable account and the money goes into a high dividend yield ETF which is at its 52-week low. On the plus side, it does have a 3.45% yield currently.

          ETA: I just made that transaction. Fund closed Friday at $63.64. I just got in at $61.49. In February when I last bought, it was $91.76. Yay for dollar cost averaging. When all of this finally recovers, we'll be in good shape.
          Last edited by disneysteve; 03-23-2020, 05:53 AM.
          Steve

          * Despite the high cost of living, it remains very popular.
          * Why should I pay for my daughter's education when she already knows everything?
          * There are no shortcuts to anywhere worth going.

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            Market is happy this morning. Let's hope that holds for a bit.

            All of you who picked up DIS are doing well. Up $11.50 right now. Might even get back to $100 today.

            As I said before, I'm sure some huge money is being made right now by the traders.
            Steve

            * Despite the high cost of living, it remains very popular.
            * Why should I pay for my daughter's education when she already knows everything?
            * There are no shortcuts to anywhere worth going.

            Comment


              Stimulus passing soon. my SWAG but the euphoria will likely pass quickly and the market will trend downwards again. Maybe another day or two of up, but not sure. The heavy upswing late in the day was likely shorts getting squeezed.

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                Originally posted by ~bs View Post
                Stimulus passing soon. my SWAG but the euphoria will likely pass quickly and the market will trend downwards again. Maybe another day or two of up, but not sure. The heavy upswing late in the day was likely shorts getting squeezed.
                That's sorta my estimation as well... I expect that we'll have a few up days, then people will realize that money alone doesn't cure illness, and we'll have a volatile but sure slog back downward again. I had a few of my purchase orders go through this week, but the rest will sit waiting. We shall see where things go....
                "Praestantia per minutus" ... "Acta non verba"

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                  Sudden thought, but I just got my pay stub for this month, and it has a reminder that I'm getting a retention bonus payment ($15,600 after taxes) at the beginning of May... I could set it up for 100% of it to go into my Roth TSP, and that lump sum would basically max it out for the rest of the year all at once. Unfortunately the military's pay system is about as agile as a 90-year-old cancer patient, so I can only make that change before the end of March -- otherwise, it'll all come to me direct in early May & I won't be able to send it back into the TSP.

                  Thoughts? With the markets currently still down, it's tempting to go for... My only hesitation is that having that money in hand vs. locked into the TSP would make it available for my move, which looks to be delayed until mid-late May, so buying a house in June/July timeframe. Or, of course, investing the money on the taxable side.
                  "Praestantia per minutus" ... "Acta non verba"

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                    I would keep it in cash, given the economic uncertainties! Why won't you be able to put money into the TSP after March?

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                      Originally posted by Scallywag View Post
                      I would keep it in cash, given the economic uncertainties! Why won't you be able to put money into the TSP after March?
                      I just wouldn't be able to send this bonus into the TSP after March -- the pay system requires at least 30 days to implement any contribution changes. If I don't send the bonus into TSP, I'll still be able to max it out over the rest of the year. It's just the benefit of being able to max it out with the lump sum in May, when the markets may still be down somewhat.
                      "Praestantia per minutus" ... "Acta non verba"

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                        The Dow is up 21.3% since Monday. Everything I bought during the downturn is now in positive territory which is nice - if it lasts. 300 shares of American Airlines, 600 shares of JETS ETF, and 26 shares of Vanguard High Dividend fund (which I buy every month but usually only get 11 or 12 shares with my purchase).

                        Our Vanguard account is back over 500K. It started around 609K and dipped as low as about 470K I think. What a wild ride.
                        Steve

                        * Despite the high cost of living, it remains very popular.
                        * Why should I pay for my daughter's education when she already knows everything?
                        * There are no shortcuts to anywhere worth going.

                        Comment


                          Originally posted by disneysteve View Post
                          The Dow is up 21.3% since Monday. Everything I bought during the downturn is now in positive territory which is nice - if it lasts. 300 shares of American Airlines, 600 shares of JETS ETF, and 26 shares of Vanguard High Dividend fund (which I buy every month but usually only get 11 or 12 shares with my purchase).

                          Our Vanguard account is back over 500K. It started around 609K and dipped as low as about 470K I think. What a wild ride.
                          Yeah, the ride is crazy.... I bought a muni fund when everything was getting sold off last week. Now I'm up by 20% Wonder if I should just sell it for the short term gain... Worried that the municipal market is going to have big problems ahead since the crisis is obviously going to affect state and local government.

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                            Bought 80 shares of american airlines this morning. I wanted to be in on the party.

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                              Originally posted by rennigade View Post
                              Bought 80 shares of american airlines this morning. I wanted to be in on the party.
                              It's about $2 lower than I paid. I was thinking about buying more JETS. It's slightly below my average cost basis. I don't think I'll buy at this level but if it falls more I might.
                              Steve

                              * Despite the high cost of living, it remains very popular.
                              * Why should I pay for my daughter's education when she already knows everything?
                              * There are no shortcuts to anywhere worth going.

                              Comment


                                JETS has dipped 10%+ today, so one of my orders for them executed today. Also had an order for VNQ (REITs, down 7%+ today) execute today. Both fairly small orders (~$150 each), but that's most of what I'm doing at this point... Just 1-2x weekly limit orders to slowly accumulate shares while riding the volatility roller coaster. Depending on how the rest of this week goes (I'm expecting slowly downward), I'll probably have some more orders go through by Friday.
                                "Praestantia per minutus" ... "Acta non verba"

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