Stock Market Traders?

Yep,

Dollar cost averaging works wonders over time. I won't be touching my Roths or 401k for atleast 35 years, so up, down, sideways... it's all gravy at this point in time. I'm pretty sure my growth stock mutual funds will be worth more than I paid for them when it's time to sell. Pretty darn sure the stock market will be up over where it is now in 2050 when I need it.

The kids' 529s won't be touched for another 10 years, and I'm pretty sure the market will be back up by then too... I'd bet my children's future on it.

And... the Stock Market has its biggest 1 day point rise ever.

Not paranoid... but legally, you don't have to tell a law enforcement officer you phone password. However, refusing to provide biometric data like a thumb print or face scan is obstruction of justice... so passwords are the way to go.

With that said... my phone stays unlocked

DOW 28,000 by December.

So I'm a buy and hold kind of guy with 30+ years until I retire with all my holdings outside my residence in mutual funds. I am curious how the active traders are playing on the 850+ point drop in the market today (8/5/2019).

I'm 50% VIGAX and 50% VIGRX. Slow and steady wins the race. I'll spread that out a little more as I get more to invest.

I plan on raiding my 401k for funds... in 34 years. If the market goes down this decade... more stock money for me in the future! If the market goes up this decade... more stock money for me in the future. Long story short, I'm good.

Start paying for oldests' college in 10 years though.

Dow 60,000 by 2030!

I like mutual funds for easy management and instant diversification.

Here is my 2019 performance:
Retirement and Kids College is all invested in Vanguard Growth Index Fund Investor Shares (VIGRX) and Vanguard Small-Cap Growth Index Investor Shares (VSGAX) returning 32.96% and 30.81% year over year each. Can't win every year, but very happy. S&P500 was up 29.6% in 2019. Both had expense ratios less than .17% so outperformed the S&P500 even with expenses.

100% agreed. My point is that both funds beat the S&P 500 even with expense ratios included.

I know just enough about the stock market to know that I don't know what I'm doing, and mutual funds are a better option for me. Can you let me know where my logic is wrong above?

This makes perfect sense. Thank you.

I'm dollar cost averaging 20% of my income every other week into mutual funds. Once I have another 100k in my accounts I'll re-balance and repeat the process. This bad news, is good for my investments before I retire in 32 years... good news helps too. I figure about a 0% chance the market will be lower in 2051 when I retire.

As someone with three asthmatic kids, and a solid history of being completely healthy except for having a strong susceptibility to pneumonia (caught it again in December)… please don't make the pneumonic plague analogy.

I'm totally cool with it. I just wish my Father in Law wasn't literally retiring tomorrow (2/27) and living off of his savings. For me this is just a buying opportunity.

Well, normally I max out the IRA contributions for the year in December. However, after last week's wild ride I've decided to go ahead and max out the Roth this morning. I just threw it into another USAA mutual fund.

I can't buy/sell socks without treating it like gambling, so this mild effort to time the market is about as far as I can go. Time to root for stocks to go back up again!

Go Bull go!

And, the Dow Jones has the biggest 1 day gain ever.

market (resized).png

So... 3/12 will be worst dow day of year...

-2352... Sometimes I hate being right. Worst Dow day ever by points. 4th worst by percentage loss (-9.99%)

Presidential press conference announced for 3 EST on the Corona Virus. Will the market spike or crater afterwards?

Well… DOW has spiked 1,000 points since the press conference started. Up 7% overall for the day. Still doesn't make up for yesterday but the needle is moving in the right direction.

And the DOW closes almost 2,000 points up. US markets up almost 10% today. Doesn't make up for yesterday, but comes close.

That quote didn't age well...

Whelp,

I just bailed on the market. Switched the kids 529's to "preservation of capital". Switched my 401k to "preservation of capital/short term bonds". Put in sell orders on all my IRA mutual funds. I will jump back in when the market hits 24,000 and I've missed the first part of the run or when I think it's bottomed. I think things are going to get worse before they get better. They say we are 8-10 days behind Italy on this. When Italy's market shoots up for a solid week, I'll jump back in, but it has been dropping even faster than the DOW. I don't know where we are going to bottom out, but if my theory on Italy is correct the DOW will close below 17,000 by next Friday. I'm guessing we won't see the lows until... sigh... July.

When I go back in I'll go back in with aggressive mutual funds, but will put my ROTH IRA in stocks. We'll see what looks cheap in 2 weeks time. I can only adjust funds in the kids 529s 2x per year, and I just did it, so I have to be extra careful on that one.

Down to 17k by the end of next week.

So where and when do you think the bottom will hit... Dow 7K in July?

"Quinine". This stuff is used in the saltwater aquarium hobby to get rid of flatworms. It used to go for 20$ a bottle. A few weeks ago they were going for $500 a bottle on Ebay. Now you can't find it.

We used to have day laborers come in and buy fish anti-biotics when I worked at an aquarium store. People treat the pet store like an emergency pharmacy.

So much has changed in 9 days. Boeing is under $100 a share now. I'd probably buy a 1,000 shares if it hits $20 this month.

Boeing: $20 per share.

I'm not touching anything until sometime after the Dow is under 16,999 or above 24,000 and I've missed the rally.

No, she went to prison for lying to the FBI about doing the same stuff.

Will the dow be up or down atbthe end of the week? I am predicting sub 17k.

Looking into Cracker Barrel, Ruths Chris, and Red Robbin.

Bougt Cracker Barrel and Six Flags yesterday morning in the IRA. Threw the kids college fund bank in mutual funds. Cant move it again until 2021. Will look at throwing 401k back in April 1st when I can move again.

Sold my six Flags after 24 hours for a 20% gain. Bailed to buy red robbin. My cracker barrel is down 10%. All else in sensible mutual funds. Fun 24 hours!

Look for something labled preservation of cash or short term bond.

I like cracker barrel and.red robbin more but am currently losing my butt on them.

If Im not mistakren Amazon makes more off of cloud computing than web sales. It should be under a huge demand right now and its competitors cant expand right now

If it makes you feel any better my Red Robbin stocks are down another 12% today.

Well... STKS is down 40% today... Down under $1 a share again. Didn't bite last time. Don't think I'm touching it this time.

And if you sell it now you can make 20% as it's back up to 1.20 in the past... hour.

I can't move my 401k money back into the market until April (tomorrow), and would okay with a "temporary" dip in the market.

With that said, Go RRGB, Go CBRL!

I just don't know what the market overall is going to do. If there was no government intervention on it I'm guessing it would be under 15k by now, but I just don't know what those fed dollars will do.

Just put in an order for 1,000 shares of BURG... the parent company of Hooters at $.31 a share (a whoping $300). It is currently at .38$. I am still of the opinion that restaurant stocks are beyond bargain basement prices right now and will rebound in the coming year. If what they say is true and 1/3 of Restaurants go out of business, where are their customers going to go? Yes there may be less customers, but I have a feeling there will be an even smaller supply of restaurants to serve that need.

100% agreed. My main Restaurant plays are in Cracker Barrel and Red Robin. Cracker Barrel in particular is not going anywhere anytime soon and the same is true to a lesser extent for Red Robin.

Hooters stock is a purely speculative play, and at worse I will be out the price of a new Color DMD on that one. Hooters stock price has been undergoing some pretty wild price swings in the past 2 weeks, more so than most other stocks. If I can get in at $.31 and get out at $.42, I will be happy and well entertained.