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Started By
Message
I can't stop buying!
Posted on 5/10/22 at 11:56 am
Posted on 5/10/22 at 11:56 am
I am officially a masochist. I can't stop buying these dips. It might only be a couple $100 a day, but it still hurts when I see where we are at closing bell. I know I need to simply stop looking, but the "buy the dip" voice in my head is screaming right now. 
11
Posted on 5/10/22 at 11:57 am to OT_Marvel
I wouldn't use all your ammo before it actually gets really ugly
Posted on 5/10/22 at 12:03 pm to OT_Marvel
Well for one you "buy the dips" dips in a bull market. You are "catching a falling knife."
Posted on 5/10/22 at 12:07 pm to OT_Marvel
quote:
I can't stop buying these dips
Same. It is getting addicting!
Posted on 5/10/22 at 12:08 pm to OT_Marvel
Beware the false bottoms!
Posted on 5/10/22 at 12:12 pm to MrSpock
quote:
Well for one you "buy the dips" dips in a bull market. You are "catching a falling knife."
Catching a falling knife is more applicable to single stock purchases in which it’s the only thing falling. As long as these buys are intended to be long term holds of equity positions that aren’t falling any more than the market as a whole, finding the actual bottom isn’t particularly important. The idea is that, one day, the market as a whole will go back up above where it is now.
Posted on 5/10/22 at 12:27 pm to Auburn1968
quote:
Beware the false bottoms!
I'm buying b/c stocks are cheaper and on sale. I'm not buying b/c I think this is the bottom
Posted on 5/10/22 at 12:34 pm to Joshjrn
Most of these purchases are SPY and small cap indices in my Roth and also REITs in my personal account. I use dividend stocks similar to a high interest savings account. I rarely have to dip into savings, so the dividends just grow my account. However, I want immediate access to my money if needed, so I don't have my dividend stocks in my Roth.
Posted on 5/10/22 at 12:41 pm to OT_Marvel
I aint buying nothing right now. I put away some in the inflation bond deal to offset some of the losses of holding cash right now. But I am waiting until half of America is in tents.
Posted on 5/10/22 at 12:47 pm to Joshjrn
quote:
The idea is that, one day, the market as a whole will go back up above where it is now.
For me, I don't even know for sure that it WILL.
I just know that if it doesn't, I'm screwed anyway.
Posted on 5/10/22 at 12:59 pm to Joshjrn
quote:
Catching a falling knife is more applicable to single stock purchases in which it’s the only thing falling. As long as these buys are intended to be long term holds of equity positions that aren’t falling any more than the market as a whole, finding the actual bottom isn’t particularly important. The idea is that, one day, the market as a whole will go back up above where it is now.
2000 and 2007 SPY had 50% drops from peak. We're at 18% now. It could be a decade before we "go back up." from now. We're going to goblin town. You know it. I know it.
Posted on 5/10/22 at 1:08 pm to OT_Marvel
I'm increasing my investment level throughout the year. This is the "buy low" part of the equation
It is what it is.
It is what it is.
Posted on 5/10/22 at 1:47 pm to OT_Marvel
As long as your time horizon is 10+ years, there is Nothing wrong with waiting to see if the market starts to put in a bottom before buying in
Posted on 5/10/22 at 2:21 pm to SlidellCajun
quote:
As long as your time horizon is 10+ years, there is Nothing wrong with waiting to see if the market starts to put in a bottom before buying in
There is nothing wrong with buying now or waiting for a bottom, but only one of those is trying to do the impossible.
Posted on 5/10/22 at 2:30 pm to slackster
Quick question.... are you guys still maxing out 401ks?
Posted on 5/10/22 at 2:34 pm to sonoma8
quote:
Quick question.... are you guys still maxing out 401ks?
I have been for about 6 years (currently 42) and have no plans on stopping. In fact, I had already started to slowly increase my post-tax contributions this year to other investment accounts. I'm aiming to get even more aggressive on that, as much as I can. I haven't been able to do as much the last couple of years due to a home renovation and a shite ton of other unexpected expenses.
This post was edited on 5/10/22 at 2:35 pm
Posted on 5/10/22 at 2:48 pm to umrebel2009
quote:I'd be rat-holing away as much as I could for when "Market: Armageddon" come a-knockin'. These "bottoms" are fools gold. Patience is the key. You underestimate how deeply this Confederacy of Dunces in DC has damaged the country.
I wouldn't use all your ammo before it actually gets really ugly
Posted on 5/10/22 at 2:55 pm to tigerfoot
quote:
I aint buying nothing right now. I put away some in the inflation bond deal to offset some of the losses of holding cash right now. But I am waiting until half of America is in tents.
Half of America will be in tents if this incremental rate increase scheme doesn’t work.
If anything comes out on the other side of this, it ought to be a Fed that is more proactive; no more of this kick the can down the road garbage, and listening to Big Money who just wants their low rate crack binge to continue unabated.
Posted on 5/10/22 at 2:58 pm to OT_Marvel
QQQ peaked at $403
I bought my first share at $340.
I watched 318 come and go.
Then it rebounded rapidly to 371.
I’m definitely buying QQQ next week for my monthly Roth purchase anywhere below $320.
It would be fun to swing trade with 5-10k
I bought my first share at $340.
I watched 318 come and go.
Then it rebounded rapidly to 371.
I’m definitely buying QQQ next week for my monthly Roth purchase anywhere below $320.
It would be fun to swing trade with 5-10k
Posted on 5/10/22 at 6:17 pm to MrSpock
quote:
2000 and 2007 SPY had 50% drops from peak. We're at 18% now. It could be a decade before we "go back up." from now. We're going to goblin town. You know it. I know it.
While it's certainly possible, I believe that would be unprecedented. Longest ever peak-to-recovery point is what, seven years?
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