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Anybody buying on this downturn?

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    #16
    I am planning to do tIRA conversions to Roth --transferred in kind. I have it mapped out for this year. Ideally, it would be great to do this during a downturn because we have to pay taxes on the conversion amount. It breaks my heart to make a conversion (thus setting the amount that will be taxed) and then watch the market go down even more. On, the other hand what if this a blip and the market goes back up and I missed an opportunity?
    But, also DH is supposed to retire in May. He sounds pretty certain this time. I'm planning it like he is. But, if he changes his mind (about retiring) I wouldn't convert as much. So, I don't know what we'll do.

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      #17
      Originally posted by kork13 View Post
      Actually, reconsidering... I'll put in a limit order for the BRK.B share at a deep discount. If the dip continues (significantly... like, 10% territory), I may as well snap up the cheap share, albeit just one. Why not?
      You should spring for a BRK.A share

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        #18
        Good time to max out my ROTH.

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          #19
          Originally posted by corn18 View Post

          You should spring for a BRK.A share
          Ha! Sure, eventually. With a single BRK.A share valued almost as much as our next house, I don't think we're in the position to do that quite yet. I'm all about aspirational goals though.
          "Praestantia per minutus" ... "Acta non verba"

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            #20
            Dead cat bounce today.

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              #21
              Originally posted by corn18 View Post
              Dead cat bounce today.
              It may be on the way back down. The number of cases in Italy has tripled and Brazil confirmed their first case. This definitely isn’t anywhere near over yet.
              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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                #22
                I had the fortune of selling about 10k worth of SP500 funds about 2 weeks ago. (Was going to use it to open up some credit in my HELOC for another investment). Wound up being a pretty solid time to take out some of my “house money” we’ve all made this year.

                25k would have been better, but I’ll take the good fortune of having removed it when I did. If this economy starts into a correction period, I’ll be happy to have the extra equity to tap into should a unique opportunity arise! (Including but not limited to buying back in on some/all/more of the stake I sold recently)

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                  #23
                  Originally posted by amarowsky View Post
                  I had the fortune of selling about 10k worth of SP500 funds about 2 weeks ago. (Was going to use it to open up some credit in my HELOC for another investment). Wound up being a pretty solid time to take out some of my “house money” we’ve all made this year.

                  25k would have been better, but I’ll take the good fortune of having removed it when I did. If this economy starts into a correction period, I’ll be happy to have the extra equity to tap into should a unique opportunity arise! (Including but not limited to buying back in on some/all/more of the stake I sold recently)
                  I did similar in mid-Jan, but only sold ~$5k, and I left ~$12k yet to sell (plan has been to liquidate it all by ~1 May, as part of our next home DP). Figured it felt like a good time to peel off some of my gains & continue the selloff, which seems to have worked in my favor. But if the market ends up continuing downward, I'll just leave that $12k invested, and let it ride.
                  "Praestantia per minutus" ... "Acta non verba"

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                    #24
                    First day this week I did NOT add more VTI.

                    Monday/Tuesday I bought 10 shares each day.

                    see what the rest of the week has in store. I still have about 10k sitting around.

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                      #25
                      As i have pointed out before, a recession isn’t required for an equities bear market, and vice versa.

                      Common misnomer. Two different animals.
                      Never underestimate the power of stupid people in large groups.

                      -George Carlin

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                        #26
                        Originally posted by disneysteve View Post

                        No, I'm not. I've never been to one. I'd like to go someday.

                        Here's the problem, though. At some point, screwing the guest to eke out another dollar of profit will crash the system. I already know quite a few people who have been long time Disney World visitors, going 2 or 3 times per year, who have now reluctantly bowed out and have no immediate plans to return anytime soon. Last year guest attendance was down but revenue was up thanks to higher prices, but that formula only works for so long.

                        Personally, when I was planning our last visit back in August, I opted not to buy all 3 of us Annual Passes because it simply wasn't worth it anymore even though we've had them for several years. I did buy one AP for myself which still wasn't worth it but it came with a convenience factor of including parking, park photos, and a few discounts. Ironically, 3 days after I bought my AP, they hiked the price again. Had I waited, I would not have bought even the one AP at the new price so when mine expires, I won't be replacing it. We also have no trip planned which is very unusual for us, having gone at least once and often twice a year for the past 25-ish years.
                        The value proposition of an AP for people who are not from around FL or the city can only be made up by how you use it. On the other hand, AP is perhaps the cheapest investment I know of entertainment wise living just 15 mins away. Plus Disney is not exactly charging more and giving you less. They are practically building two brand new parks (Epcot 2.0 and Hollywood studios). My family goes about once a week, sometimes just to walk around after dinner.

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                          #27
                          Just placed an order for $1000....which is what I do each and every month. Order probably wont execute until Monday. Just so happens the market is down from its high.

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                            #28
                            Originally posted by Singuy View Post
                            Disney is not exactly charging more and giving you less.
                            A lot of folks would argue that point with you. Disney has cut back or totally eliminated many things despite steadily raising prices. For example, there hasn't been a nighttime parade at Magic Kingdom for several years. They've eliminated a lot of street performers and entertainment. Plus, they've added more and more extra hard ticketed events, often closing the parks early to regular guests as a result. So people are absolutely paying more and getting less.

                            My family goes about once a week, sometimes just to walk around after dinner.
                            Which generates very little if any revenue for Disney. Now if you go in for dinner or drinks, they get a little out of you, but that's much different than a tourist who books a whole vacation package with tickets, hotel, meals, souvenirs, etc.
                            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


                              #29
                              Correction territory now.

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                                #30
                                Originally posted by corn18 View Post
                                Correction territory now.
                                It will be interesting if all of the “buy on the dips” bit comes to fruition. 10% ain’t much correction though. The masses aren’t running for the exits just yet. If the Dow drops to sub 20K, we will have a new crop of millions of “never buy another stock again” investors.

                                In bull markets, everyone boasts about annual averages since ________ (pick your date). This situation could be a painful reminder that it’s an average. If you are retiring next year and have your $$ in a S&P index fund, those historical averages aren’t very consoling today.
                                Never underestimate the power of stupid people in large groups.

                                -George Carlin

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