Anybody buying on this downturn?

[TexasHusker]

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

Common misnomer. Two different animals.

[Jluke]

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.

[kork13]

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.

[amarowsky]

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)

[disneysteve]

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.

[corn18]

Dead cat bounce today.

[kork13]

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.

[Atretes1]

Good time to max out my ROTH.

[corn18]

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

[Like2Plan]

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.

[disneysteve]

I suppose this is one of the reasons I buy Disney stock. I don't like those kind of changes as a guest--but, I don't mind them as much as a shareholder. . Are you going to the shareholder meeting in Raleigh NC?

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.

[Like2Plan]

The appointment of Chapek as CEO is an utter disaster in the eyes of fans but it could well be a positive to shareholders, at least in the short term. Chapek is ruthless at cutting costs and maximizing profit. Unfortunately, he does it at the expense of the guest experience. If he can manage to make broad cuts, beyond what he's already done as head of parks and resorts, without resulting in a backlash and drop in attendance and guest spending, the stock should do well for a while.

I suppose this is one of the reasons I buy Disney stock. I don't like those kind of changes as a guest--but, I don't mind them as much as a shareholder. . Are you going to the shareholder meeting in Raleigh NC?

[kork13]

That's true, but do you think this is the straw that breaks the bull's back? A global epidemic causing a widespread drop in economic activity certainly could be what triggers the next recession. We're already seeing the short term impact with businesses shut down, travel slowing significantly, manufacturing activity coming to a halt, and more. If that drags on, who knows what effect that will have.

Or will it just be a blip and the markets get back on their feet quickly? It sure would be nice to have that crystal ball. I've got plenty of cash free that I could invest if I knew the answers to those questions.

I've been wondering for a while what it would be that tipped the market downward. If it continues, if Chinese industry remains locked up, and especially if any of those measures spill over into the supply chains from Korea or Japan, that could certainly be enough to trigger at least a couple of down quarters. We'll just have to see how the dominoes fall.

[disneysteve]

I was thinking about buying another DIS share (tomorrow) and I just noticed that Bob Iger stepped down as CEO effective immediately. I didn't see that one coming....

The appointment of Chapek as CEO is an utter disaster in the eyes of fans but it could well be a positive to shareholders, at least in the short term. Chapek is ruthless at cutting costs and maximizing profit. Unfortunately, he does it at the expense of the guest experience. If he can manage to make broad cuts, beyond what he's already done as head of parks and resorts, without resulting in a backlash and drop in attendance and guest spending, the stock should do well for a while.

[disneysteve]

It’s not really a correction until you see a 10% drop

That's true, but do you think this is the straw that breaks the bull's back? A global epidemic causing a widespread drop in economic activity certainly could be what triggers the next recession. We're already seeing the short term impact with businesses shut down, travel slowing significantly, manufacturing activity coming to a halt, and more. If that drags on, who knows what effect that will have.

Or will it just be a blip and the markets get back on their feet quickly? It sure would be nice to have that crystal ball. I've got plenty of cash free that I could invest if I knew the answers to those questions.