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Started By
Message
VDE bottom?
Posted on 2/6/15 at 10:35 am
Posted on 2/6/15 at 10:35 am
I bought a good bit of VDE around $102 which was pretty close to the 52 week low and now it is back up to $112, I held out of putting some more money in there to see if it would go back down but it seems like its going to slowly keep increasing. Should I go ahead and put my other money in there or is there another dip on the way?
3
Posted on 2/6/15 at 10:39 am to TigerSaint1
Hang on, I've got Miss Cleo on the line. Let me ask her because she's the only one that I know that can predict the future.
Posted on 2/6/15 at 10:54 am to TigerSaint1
quote:
Should I go ahead and put my other money in there or is there another dip on the way?
No way to know, but I started buying last week and will continue over the next few weeks.
My guess is there's a 50/50 chance it will go lower than it is now, but a very good probability it will be higher next year than this.
Posted on 2/6/15 at 11:10 am to Ole War Skule
Based on nothing but instinct, I think oil will hover around 60 for a bit then take another nose dive.
My guess is just as good as cleo's.
My guess is just as good as cleo's.
Posted on 2/6/15 at 11:12 am to TigerSaint1
Part of me has the exact same line of thinking that you do.
The more rational part of me is saying, "Hold on. It isn't over that quickly. This little bump is a mere hiccup before a farther decline in oil prices."
I think oil prices slide into the high 30's before it turns around. If so, we'll be well positioned to increase our stake in these etf's(VDE) or funds(VGENX) at a declining cost average. I'm not worried. I also got in during the last month.
The more rational part of me is saying, "Hold on. It isn't over that quickly. This little bump is a mere hiccup before a farther decline in oil prices."
I think oil prices slide into the high 30's before it turns around. If so, we'll be well positioned to increase our stake in these etf's(VDE) or funds(VGENX) at a declining cost average. I'm not worried. I also got in during the last month.
This post was edited on 2/6/15 at 11:13 am
Posted on 2/6/15 at 11:46 am to Clyde Tipton
I think we will see another dip as well, not sure how much though. I have VGENX as well so I will continue to buy on the way down and throw some more at the ETF's when it dips.
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