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

Posted on 6/28/22 at 7:30 am to
Posted by SlidellCajun
Slidell la
Member since May 2019
15979 posts
Posted on 6/28/22 at 7:30 am to
quote:

you may not recommend it, but its exactly what you described doing in your brag about doing very well. maybe use non-knife catching examples if youre going to claim you operate with 'financial sense' and act like you are above market irrationality.


Catching a falling knife is trying to catch a bottom.
Show us where I said to wait until the market hits the bottom
This post was edited on 6/28/22 at 7:31 am
Posted by turkish
Member since Aug 2016
2260 posts
Posted on 6/28/22 at 8:52 am to
The problem really is my confidence in my ability to know when a stock is truly “on sale.”
Posted by I Love Bama
Alabama
Member since Nov 2007
38421 posts
Posted on 6/28/22 at 9:53 am to
quote:

The problem really is my confidence in my ability to know when a stock is truly “on sale.”


Exactly. It's like in retail where they double the price and then have a 50% off sale.

Posted by TigerDeBaiter
Member since Dec 2010
10663 posts
Posted on 6/28/22 at 9:57 am to
Exactly what we’re seeing now. Especially the bullshite “tech” companies. So much trash was sold as tech during the pandemic and fetched wild premiums. They’re now 80-90% off and still dumpster fires.
Posted by AMS
Member since Apr 2016
6534 posts
Posted on 6/28/22 at 12:03 pm to
quote:

Show us where I said to wait until the market hits the bottom



I didn't say you explicitly stated it, I said you described doing it. 2 of the 2 examples you used specifically referenced a point in time where you were buying after rapid and dramatic drops in the market...thats catching a falling knife.

quite frankly your logic here is just a mess. if youre now suggesting you were buying when you didn't believe you were at/near the bottom. that means you were buying while expecting to be losing value. (which is actually kind of consistent with your recommendation in this thread to buy stocks for dividends that pay out negative value wrt inflation).

you shouldve just claimed you were DCAing if you were really operating with financial sense instead of whatever irrational investing you were doing since you seem to be denying knife catching.
Posted by mule74
Watersound Beach
Member since Nov 2004
12525 posts
Posted on 6/28/22 at 12:40 pm to
There is going to be plenty of time to buy in the next few years. I don’t see any need to rush back into the market with all of my capital.

The market takes the elevator down and the escalator up. Timing the the top is much more important than timing them bottom.
Posted by SlidellCajun
Slidell la
Member since May 2019
15979 posts
Posted on 6/28/22 at 3:22 pm to
quote:

quite frankly your logic here is just a mess. if youre now suggesting you were buying when you didn't believe you were at/near the bottom. that means you were buying while expecting to be losing value.


As expected- no proof. I never said to try to catch a bottom.
You insert those ridiculous assertions to help you try to save face in an argument that you start for no reason.

When it comes to investing, I buy when values look good to me. Sometimes they lose value.
For investments, when I’ve done my homework, I rarely sell.
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 6/28/22 at 3:34 pm to
Joe Brandon creates wonderful buying opportunities.
Posted by AMS
Member since Apr 2016
6534 posts
Posted on 6/28/22 at 4:20 pm to
quote:

As expected- no proof. I never said to try to catch a bottom.


the proof is your own statements and description. you bought when everyone was selling, no one buying, and now you are saying you weren't expecting it was the bottom. you cant rationally expect stock to increase when everyone is selling and no one is buying...that means you were buying while expecting it to go lower if you weren't trying to catch the bottom.

all your high and mighty being above herd irrationality and you just give examples of behaving irrationally and pretending it makes financial sense.

quote:

When it comes to investing, I buy when values look good to me. Sometimes they lose value.
For investments, when I’ve done my homework, I rarely sell.

again with the same logic as above you decided to buy at a 'good value' while expecting better values to be available since you didnt think it was the bottom...and still believe that is rational behavior.
Posted by SlidellCajun
Slidell la
Member since May 2019
15979 posts
Posted on 6/28/22 at 6:11 pm to
quote:

the proof is your own statements and description. you bought when everyone was selling, no one buying, and now you are saying you weren't expecting it was the bottom. you cant rationally expect stock to increase when everyone is selling and no one is buying...that means you were buying while expecting it to go lower if you weren't trying to catch the bottom.


Nonsense

You’re reading into things that don’t exist.

Arguing for argument sake.

Not getting enough attention outside of the internet?
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6222 posts
Posted on 6/29/22 at 2:18 pm to
Just curious. What are you holding right now that you expect to improve long term that is paying above a 3% DIV aside from energy stocks?
Posted by AMS
Member since Apr 2016
6534 posts
Posted on 6/29/22 at 7:54 pm to
quote:

Just curious. What are you holding right now that you expect to improve long term that is paying above a 3% DIV aside from energy stocks?



thats a bit of a false equation. I dont need it to pay above 3% div (or any div) to outperform those stocks long term.
I wasn't so much criticizing dividend stocks as I was criticizing the context slidell suggested, getting them to get paid (negative value) while you wait for a bull run.

i suspect theres tons of tech, consumer staples, tesla, visa, apple, healthcare, etc will outperform a '3% div while you wait stock' in the long term, and possibly even in the short term too. the problem is his suggestion was just vague enough, there will be some 3% div stocks that do very well in the future so it may seem justified... but the context and reasoning of his suggestion was garbage.



This post was edited on 6/29/22 at 7:56 pm
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