Anybody buying on this downturn?

[tripods68]

I continue to buy and hold for long-term like Warren Buffet. I stopped doing any market timing a long time ago. I just find it more stressful and often end up in a losing side. Not interested in buying individual stocks no matter how much they fall in the price per share. Unless you have new to investing, it might be a good buy now. But for old folks like me, I invest mainly in a broad index market and continue DCA every pay period and forget about it! Just wake me up when this whole thing is over.

[disneysteve]

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.

[Like2Plan]

I was actually thinking about the same thing... My wife has (had... Haven't checked lately) ~$125k in her TSP from before she left the military. I don't know how much is in traditional, but I'd guesstimate around $25k. We're only 33/34, so I'd love to pay the taxes & roll that into a Roth IRA to grow tax-free, and I was thinking that with the markets down 25%, may be an opportunity to do that rollover with a smaller tax bill.

Haven't decided on anything yet, but I'll talk to DW & see what she thinks.... But does that make sense to the SA crowd?

It depends on your overall tax situation. But, I don't think we will ever have lower tax brackets--(though, I guess you could go to a lower bracket if you have to go to a combat zone.) I think doing conversions when the market is down is a great idea.

[Like2Plan]

I've been buying as the market has moved down and bought more on Thursday. In hindsight, i wish I'd committed even more of our cash reserves.

Stay tuned, I'm sure there will be another opportunity before it is all resolved.

[srblanco7]

I’m kicking myself for not pulling the trigger on some things I was watching yesterday. I could have done well this morning. I was too busy at work and before I realized it the market was closed. I’ll be watching today.

I've been buying as the market has moved down and bought more on Thursday. In hindsight, i wish I'd committed even more of our cash reserves.

[kork13]

I’m wondering if I should do a 401k to Roth 401k conversion now or if that money that would pay the taxes would be better invested. What do you people think?

I was actually thinking about the same thing... My wife has (had... Haven't checked lately) ~$125k in her TSP from before she left the military. I don't know how much is in traditional, but I'd guesstimate around $25k. We're only 33/34, so I'd love to pay the taxes & roll that into a Roth IRA to grow tax-free, and I was thinking that with the markets down 25%, may be an opportunity to do that rollover with a smaller tax bill.

Haven't decided on anything yet, but I'll talk to DW & see what she thinks.... But does that make sense to the SA crowd?

[Jluke]

I’m kicking myself for not pulling the trigger on some things I was watching yesterday. I could have done well this morning. I was too busy at work and before I realized it the market was closed. I’ll be watching today.

Set a limit order at a low enough for you price. Then you don’t have to actively trade.

if it fills great. If not oh well.

be sure to select all or none of that option is listed (usually more likely to appear on a sell transaction)

[~bs]

Get ready for the panic. Trump is speaking again at 3pm. His speech on Wednesday put the market into a tailspin. Today's should finish the job. I'm sorry I put some money in already today. Had I know he was planning to speak, I would have waited until after 3:00.

Really depends on what type of plan they have. He's probably going to declare national emergency and more clearly define any relief. The whitehouse and democrats were supposedly close to agreement on a package. Might spike the market if it's something good.

[disneysteve]

Get ready for the panic. Trump is speaking again at 3pm. His speech on Wednesday put the market into a tailspin. Today's should finish the job. I'm sorry I put some money in already today. Had I know he was planning to speak, I would have waited until after 3:00.

[disneysteve]

yeah, just keep accumulating down. when the market eventually recovers, you'll look like a genius.

That's my hope.

[~bs]

I updated our portfolio spreadsheet and our stock allocation has dropped a lot.

I just picked up 300 shares of JETS, the airline ETF, in my Roth. That barely moves the needle on our allocation but I'm still keeping an eye on things.

yeah, just keep accumulating down. when the market eventually recovers, you'll look like a genius.

[disneysteve]

I updated our portfolio spreadsheet and our stock allocation has dropped a lot.

I just picked up 300 shares of JETS, the airline ETF, in my Roth. That barely moves the needle on our allocation but I'm still keeping an eye on things.

[disneysteve]

if we're throwing out guesses, i'd say it's a dead cat. we have further to go. Just a datapoint, but keep in mind that we're nowhere near to the levels of the 2009 crisis.... we'd need to drop another 25%

I hate to say it but I was kind of hoping the slide would continue today. I'm off and ready to buy. I was watching intermittently yesterday at work but couldn't focus and commit. It's early. We'll see how the day goes.

[~bs]

looks like we are going to get a big bounce this morning. could be technical. shorts are getting squeezed.

but not sure if we have hit bottom yet.
the erratic market is out of balance due to way too much uncertainty

i think it might be time to start buying

if we're throwing out guesses, i'd say it's a dead cat. we have further to go. Just a datapoint, but keep in mind that we're nowhere near to the levels of the 2009 crisis.... we'd need to drop another 25%

[Like2Plan]

I’m wondering if I should do a 401k to Roth 401k conversion now or if that money that would pay the taxes would be better invested. What do you people think?

I did a really small conversion end of Feb (about 1K) and then decided maybe we haven't reached the floor. So, I am waiting a bit longer.
Would the money you are investing be after tax money? If you invest it in an after tax account and the market goes down--at least you can tax loss harvest. If you do a conversion and the market goes down you still owe taxes on the higher amount.