AdamK47
Lifer
- Oct 9, 1999
- 15,501
- 3,209
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Sounds great. Looking for VTI sub 200.Looks like we are off to a nice start .... how does -2.50% premarket sound?
Sounds great. Looking for VTI sub 200.Looks like we are off to a nice start .... how does -2.50% premarket sound?
Sounds great. Looking for VTI sub 200.
I don't understand this rush to catch a falling knife. You get two chances to buy with falling prices. I'd much rather buy VTI at 200 when it is going up with sound financial basis than buy VTI at 200 when it is falling with no bottom in sight.Wouldn't be buying until it hits pre-pandemic levels, which for VTI would be 160 or once the Fed stops increasing rates.
Technically car prices have been falling since January. They haven't fallen a lot, but they have begun falling. That will take a lot of pressure off the CPI going forward (assuming the higher interest rates keep this trend going).QQQ sub 300. CPI up next. Expect more fun.
Even if CPI declines it won't matter. We have a lot big price hikes in homes, cars, food and energy to absorb. Incomes are way behind.
I'd just keep it if you plan to hold for many years. My current buys are all longer term. Not doing anything short term right now for a quick turn-around. At least not until the rate hikes are done and inflation has been stabilized. Those that are better at playing this game might see some short term gains.dang it, i put 20$k in on friday, guess i should've waited a day.
ah well, if it goes down another %10 then i'll sell em and grab the cap losses for taxes
I'd just keep it if you plan to hold for many years. My current buys are all longer term. Not doing anything short term right now for a quick turn-around. At least not until the rate hikes are done and inflation has been stabilized. Those that are better at playing this game might see some short term gains.
dang it, i put 20$k in on friday, guess i should've waited a day.
ah well, if it goes down another %10 then i'll sell em and grab the cap losses for taxes
Yeah... I want to buy even more cheap tech stocks on this dip, but I'm running out of cash to do so.
Note: I didn't expect for this to occur today already. But, I do hope you didn't buy VTI the first time it dipped under $200.I don't understand this rush to catch a falling knife. You get two chances to buy with falling prices. I'd much rather buy VTI at 200 when it is going up with sound financial basis than buy VTI at 200 when it is falling with no bottom in sight.
Where should he put his money?Note: I didn't expect for this to occur today already. But, I do hope you didn't buy VTI the first time it dipped under $200.
Move it to physical cash. Put it in a jar and bury it for six months.Where should he put his money?
Depends on his planned investment strategy prior to the plunge. If he is now low in any specific area, then invest in that area. Growth stocks are what fell the most today (2x to 3x more than value stocks). So, probably that is where the investments are getting low.Where should he put his money?
It doesn't make sense to me to skip buying it at a price on the way down, only to buy it at the same price on the way back up. You'd need idle cash in both scenarios, and the net long term return would be the same in both scenarios (assuming he holds).Depends on his planned investment strategy prior to the plunge. If he is now low in any specific area, then invest in that area. Growth stocks are what fell the most today (2x to 3x more than value stocks). So, probably that is where the investments are getting low.
I was mostly referring to this post: from @AdamK47 "Looking for VTI sub 200." Adam has posted about buying several times already in this falling market. And these investments probably have not done well in the last couple of days. The general advice is not to catch a falling knife. Don't try to rush in during this transition. Sit back, you have a bit more time than you might think. There is no problem buying VTI if that is what best matches the investment strategy that was already decided. But, patience is okay. You don't have to look for a price and buy. You can watch it hit that price, think about it, and then decide to buy the second time it hits that price (or in some cases any of the future times it hits that price).
If your goal is to buy at a set price, then buying on the way up has three benefits.It doesn't make sense to me to skip buying it at a price on the way down, only to buy it at the same price on the way back up. You'd need idle cash in both scenarios, and the net long term return would be the same in both scenarios (assuming he holds).
Unfortunately, no I don't have a great location for cash right now. Nothing liquid will be paying anything close to what inflation is costing. But still, a near 0% return is better than a loss buying a plunging stock.It would make sense however if you have an alternate place to put the cash and have it grow while the price keeps moving lower, but not much isn't tanking right now... so was curious what you thought might be growing while waiting for the price to rebound.