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For those that had money invested in 08-09
Posted on 5/1/15 at 8:46 am
Posted on 5/1/15 at 8:46 am
Did you just weather the storm and let it regrow again while buying in the lows?
Assuming there is some kind of correction coming when rates are increased, do you guys consider selling out of funds and then getting back in?
I'm trying to look for penalties etc on mine and can't find much information. Probably an amateur question but I only started my brokerage account this year.
I sold out of Apple after the earnings and will probably buy back more if it keep dropping. My account gave me 100 free trades so moving things around is no big deal right now and after the free trades the fee is really low.
Assuming there is some kind of correction coming when rates are increased, do you guys consider selling out of funds and then getting back in?
I'm trying to look for penalties etc on mine and can't find much information. Probably an amateur question but I only started my brokerage account this year.
I sold out of Apple after the earnings and will probably buy back more if it keep dropping. My account gave me 100 free trades so moving things around is no big deal right now and after the free trades the fee is really low.
12
Posted on 5/1/15 at 9:31 am to STLhog
Depends on your age. I'm 26 so I'll dollar cost average the whole way down
Posted on 5/1/15 at 9:35 am to TigerTatorTots
Good point.
And hold and wait on everything you've already purchased?
And hold and wait on everything you've already purchased?
Posted on 5/1/15 at 9:48 am to TigerTatorTots
quote:
I'm 26 so I'll dollar cost average the whole way down
I am 30 and it seems like, from a 401k perspective, the longer its down, the better. A one or two year correction would bother me and I wouldn't sell one penny. I guess if your older or on the verge of retirement, whole different situation.
Posted on 5/1/15 at 9:56 am to STLhog
I'm a buy and hold/reinvest dividend investor. I will likely never sell a stock I own for at least 30 or so years.
Posted on 5/1/15 at 10:06 am to STLhog
quote:
Did you just weather the storm and let it regrow again while buying in the lows?
More like devoured by the storm.
Yeah, I didn't sell anything and started buying on the way down. When the market gets expensive(now), I take some profits and hold cash(~5%) awaiting buying opportunities.
Posted on 5/1/15 at 10:33 am to STLhog
Be disciplined, not emotional. Develop a strategy and stick to it.
Posted on 5/1/15 at 11:22 am to STLhog
Weekly automatic buy of a low cost total market index fund. Every week. No exceptions. Reinvest dividends.
That's my strategy, and I plan to continue down that path for the next few decades.
That's my strategy, and I plan to continue down that path for the next few decades.
Posted on 5/1/15 at 12:28 pm to Joshjrn
When you say "low cost" are you talking about expense ratio?
Is this through Vanguard? Do you have global exposure?
I like this approach. I somehow miss the "lows" every time on my once/month auto purchases. Obviously over a span of 30 years this won't matter, but it's aggravating as hell right now.
Is this through Vanguard? Do you have global exposure?
I like this approach. I somehow miss the "lows" every time on my once/month auto purchases. Obviously over a span of 30 years this won't matter, but it's aggravating as hell right now.
Posted on 5/1/15 at 12:57 pm to bayoubengals88
quote:
When you say "low cost" are you talking about expense ratio?
Yes.
quote:
Is this through Vanguard?
Yes.
quote:
Do you have global exposure?
Not currently.
VTSAX
I'll probably diversify into the international market in the next year or two. Maybe something like this, though I haven't decided yet: VINEX
Buying once a week instead of once a month probably doesn't matter to my bottom line, but damn does it reduce my blood pressure
This post was edited on 5/1/15 at 1:04 pm
Posted on 5/1/15 at 1:08 pm to Joshjrn
quote:I would imagine that it actually does help. Maybe someone smarter than me can do some math.
Buying once a week instead of once a month probably doesn't matter to my bottom line, but damn does it reduce my blood pressure
But I agree about the blood pressure
Thanks for the links. I'm in a target retirement for now.
Posted on 5/1/15 at 1:20 pm to bayoubengals88
I was in a Target fund at one point, but found it irksome that there wasn't an admiral version of the fund. So, I decided to essentially re-create the fund with admiral shares, and then moved out of bonds entirely based on my investment horizon.
Posted on 5/1/15 at 1:46 pm to STLhog
quote:This is pretty much what I did. However, I bought on the way down but not at the very bottom. For example, I bought GE at around $19 which was 50% off its high for the previous year. I bought more at around $7.80. I thought if I liked it at $19 then I should love it blow $8. It went even lower and I was worried. I didn't touch my 401k or IRA money. Some coworkers moved their money from stock founds to stable value and locked in their losses. I made out OK.
Did you just weather the storm and let it regrow again while buying in the lows?
Posted on 5/1/15 at 1:47 pm to Joshjrn
I'll worry about admiral shares when I get to 10k.
Posted on 5/1/15 at 2:21 pm to STLhog
My 401K deductions bought almost twice as many shares in 09 as it did in the 1st part of 08. i got an extra year added to my investment....
Posted on 5/1/15 at 2:24 pm to bayoubengals88
quote:
I'll worry about admiral shares when I get to 10k.
Which is why I'm currently all domestic. As soon as I hit 10k, I jumped into VTSAX. It's been performing so well the last few years that I just never got around to diversifying further
Posted on 5/1/15 at 2:46 pm to STLhog
Pulled out of stock when dow was 13.8. So obvious to see the problem.
However, did not get back in until 9.6 so I left a lot on the table there. But overall, I was happy with how I navigated it.
However, did not get back in until 9.6 so I left a lot on the table there. But overall, I was happy with how I navigated it.
Posted on 5/1/15 at 5:44 pm to STLhog
(no message)
This post was edited on 11/6/15 at 3:47 pm
Posted on 5/2/15 at 7:21 am to STLhog
quote:
For those that had money invested in 08-09
I had very little money invested at that time compared to what I do now. But I take the mentality of buy and hold... Dollar cost average.
I have a strategy with all the cash I have sitting on the sideline, not that its correct or rooted in anything scientific, but I contribute X amount of money every time the market goes down X points. I'll ride that system all the way down and begin throwing in more the lower it gets.
I know I know its time in the market, but I can't stomach to throw a lot of cash in with as high as it is right now.
Posted on 5/2/15 at 8:01 am to Joshjrn
quote:
Weekly automatic buy of a low cost total market index fund. Every week. No exceptions. Reinvest dividends.
This is exactly what I do. Just keep putting money away and don't let emotions dictate your strategy.
This post was edited on 5/2/15 at 8:02 am
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