Stocks are the only thing that people hate to buy when they are on sale.

And we hate to sell when they're going up.

I’ve sold puts on equities that I’d like to pick up at certain prices. If they don’t hit, then I’ll reassess and continue doing that. But I’m not buying anything straight out as a long term investment YET.

As trades, I’m still selling calls on certain individual equities. My short calls on SPX didn’t hit today. Until the Fed and the economy give different signals, I see this as a rally in a bear market. And this volatility is making option premiums quite profitable (as long as you don’t get over your skis).

I’m also trying to learn more about opportunity trades in BITO vs BITI - and both are optionable. That space and the associated volatility are very interesting to me, but I have to learn a LOT more before developing a trading strategy.

Be greedy when everyone else is fearful. Be fearful when everyone else is greedy.

The discount right now will be a lot more in 2 months

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The discount right now will be a lot more in 2 months

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This. There's nothing in place to counter price increases except for the Fed's rate hikes and those will still take a while to impact inflation in general. In the meantime, it (and the continued high price of fuel) will start driving unemployment.

If things continue as they have been, I fully expect the June numbers to show Unemployment tick up slightly, then more for July, then begin to snowball in August.

There will be buys aplenty just waiting to be had.

There are some great companies at a discount
NKE
Apple
Amazon

NOT DWAC

Markets attract a herd mentality and the herd is often times wrong. Human nature tends to behave irrationally as a group and markets allow humans to behave irrationally on both the up and down side.

From tulips to bitcoin we see humans do things not because it makes financial sense, but because others are doing it. Markets allow for things to become overpriced and underpriced. It’s the investors job to figure out whether the market has it right or wrong and exploit the inequities.

It’s fairly easy to see the excesses in the upside but human nature makes it harder to see on the downside. But it happens just the same. It’s a lot easier to follow the herd up as we have seen in dotcom and crypto etal. The downside excess requires a good bit of patience and faith that the future brings a better day.

As I see it, if the time frame is 10+ years, the current market brings some good value. If you don’t like waiting for the bull then it could make a lot of sense to get some dividend paying companies with strong history of increased payouts. You could find plenty of companies paying over 3% so you get paid to wait.

I want to buy more, but I'd have to sell first.

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Wow
Not sure how you could have missed the entire point any worse but then again, maybe you didn’t.

I have done very well buying when others are selling. After 9/11… I bought etf’s in 3 index’s and did very well. Same thing in 09 when no one was buying.

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i sure didnt, your point is just nonsense, which was my point.
you pretty much proved my point, you only succeeded because of the herd. if none of the herd moved back to those indexes, you would have not done well at all, thats just how it works. your investment is only as good as the herd deems it is. the herd itself made your investment a winner it was less about whatever 'financial sense' you think you had.

in fact trying to time the market and catch a falling knife (which is what you described doing) is generally one of the least successful endeavors, and could reasonably be viewed as less rational than following the herd. If you were really coherently trying to describe making 'financial sense' you would have described DCA not knife catching.

then you acted like a 3% dividend stock was a solid 'way to get paid while waiting' despite the fact that you are losing value by doing so.

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you pretty much proved my point, you only succeeded because of the herd. if none of the herd moved back to those indexes, you would have not done well at all, thats just how it works

in fact trying to time the market and catch a falling knife (which is what you described doing) is generally one of the least successful endeavors,

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You’re arguing for argument sake

My points are solid and you’re making the same point in a roundabout way.

I do make money because of the herd. That’s the point. You just don’t understand why.

And I don’t recommend trying to catch a falling knife. As a bull, I look for opportunities, not trades.