- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Feels like I’m throwing good money after bad
Posted on 3/6/20 at 7:28 am
Posted on 3/6/20 at 7:28 am
Every big down day the last two weeks, I’ve been transferring funds into brokerage and buying voo. It is getting old. I had lunch with my buddy and his financial advisor. His advisor thinks there could be another 20% downside. I hope this dude is dead wrong and I’ll be happy as a clam I’ve been shoveling money in. My cash flow suck this month
7
Posted on 3/6/20 at 7:41 am to 3morereps
Do you need the cash in the next 12-18 months? If so, you shouldn’t be buying stocks. If not, don’t even worry about it, keep buying.
More downside is possible, but no one knows. The reverse could be so quick, if you sideline your cash, you could end up missing out on huge potential gains.
More downside is possible, but no one knows. The reverse could be so quick, if you sideline your cash, you could end up missing out on huge potential gains.
Posted on 3/6/20 at 7:41 am to 3morereps
quote:Good move. What's the problem?
Every big down day the last two weeks, I’ve been transferring funds into brokerage and buying voo. It is getting old.
Posted on 3/6/20 at 7:46 am to 3morereps
Ultimately it’s always about the economy and earnings. This feels like it’s going to effect the economy significantly meaning a modest bear market. Dow lows of about 23250 would be an average modest bear market. Look for 10-12 percent more downside as time to be aggressive. With 10 year treasuries at .75 good quality dividend stocks are can’t miss.
Posted on 3/6/20 at 7:58 am to 3morereps
quote:
My cash flow suck this month
Are you trading? or investing? VOO is used for day trades as well. see below in link.
As long as you do not sell you have not lost shite. Regardless of price fluctuations. Just hold it and ride it out.
here are some funds you can day trade with or just do short term positions with limit orders and stops.
LINK
This post was edited on 3/6/20 at 8:05 am
Posted on 3/6/20 at 7:59 am to 3morereps
That’s the whole point of buying when others are fearful. It always feels scary or bad from an emotional standpoint when you’re buying and the market is going down.
The keys to ask yourself are 1. Am I only using money I can afford to leave alone for 12-24months? 2. Am I buying companies that I believe are in a strong position and have a strong outlook in the long term? And 3. Am I appropriately diversified? Some folks can have 100% equities right now and not feel nervous about the downside, others want to have bond exposure or other items as a safety net, and you should know that for yourself.
If your answer to all three are yes then take a breath, reset, and just be patient.
The keys to ask yourself are 1. Am I only using money I can afford to leave alone for 12-24months? 2. Am I buying companies that I believe are in a strong position and have a strong outlook in the long term? And 3. Am I appropriately diversified? Some folks can have 100% equities right now and not feel nervous about the downside, others want to have bond exposure or other items as a safety net, and you should know that for yourself.
If your answer to all three are yes then take a breath, reset, and just be patient.
This post was edited on 3/6/20 at 8:02 am
Posted on 3/6/20 at 8:00 am to 3morereps
quote:Well that is an interesting opinion.
His advisor thinks there could be another 20% downside
Posted on 3/6/20 at 8:00 am to southernelite
quote:
Do you need the cash in the next 12-18 months? If so, you shouldn’t be buying stocks. If not, don’t even worry about it, keep buying.
that ETF is not a big time dividend payer anyway nor meant for cash flow. that is to be used purely for capital gains either with day trading or short/long term plays riding a trend.
This post was edited on 3/6/20 at 8:10 am
Posted on 3/6/20 at 8:04 am to NC_Tigah
quote:
Well that is an interesting opinion.
Yeah, I don't know about 20%.
Posted on 3/6/20 at 9:41 am to 3morereps
If in taxable I would sell and replace VOO with something similar but not identical that has declined a similar amount or more. Can use tax losses this year and carry forward the balance until used entirely. Might as well get some use out of it.
Posted on 3/6/20 at 10:44 am to tirebiter
if one sells voo and replaces with ivv or spy, would that trigger wash sale?
Posted on 3/6/20 at 3:38 pm to 3morereps
quote:
replaces with ivv or spy, would that trigger wash sale?
Those are both too similar or the same as what you already have. If you want quality I would look at VIG, SDY or SCHD, etc as a replacement and you can buy VOO back after 30 days if that's what you want.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News