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re: This is garage sale week…everything on discount

Posted on 8/5/24 at 7:06 am to
Posted by cadillacattack
the ATL
Member since May 2020
9572 posts
Posted on 8/5/24 at 7:06 am to

from the SeekAlpha newsletter this morning:

quote:

As the stock rout deepens, what is the best investing strategy to take for the rest of the summer? ·

- Press the buy button (load up on the way down) ·
- Ride things out (don't succumb to panic selling) ·
- Sell, sell, sell (convert to cash when you can) ·
- Diversify elsewhere (safe havens, other sectors, etc.)
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
38907 posts
Posted on 8/5/24 at 7:09 am to
quote:

If you're more than 5yrs from retirement, this will just be a bleep on the radar.
That's assuming you survive the fallout from the coming nuclear war of course
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57897 posts
Posted on 8/5/24 at 7:11 am to
quote:

I welcome deflation if it means getting rid of POS machines that automatically bring up the tip option.


I snort laughed (because it's so true).
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
33176 posts
Posted on 8/5/24 at 7:18 am to
What dips do you guys recommend this week?
Posted by LSURulzSEC
Lake Charles via Oakdale
Member since Aug 2004
79241 posts
Posted on 8/5/24 at 7:31 am to
quote:

I would average your way in and not jump in with both feet.


I have DCA for years, but when dips such as these happen I buy more...
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
9349 posts
Posted on 8/5/24 at 7:33 am to
Hussss that you?
Posted by Curb Your TDS
Member since Aug 2024
70 posts
Posted on 8/5/24 at 7:51 am to
quote:


I told y’all ai was fake


Tech stocks were crashing two years ago until they all started hyping AI.

Tulip Bulbs,
.com
AI

Those who ignore history do so at their own peril.
Posted by cadillacattack
the ATL
Member since May 2020
9572 posts
Posted on 8/5/24 at 11:56 am to

quote:

that is buying time...like now...I'm buying this crash...


Just beware, when the Fed issues its first rate cut, it is highly likely there will be another selloff.
Posted by LSURulzSEC
Lake Charles via Oakdale
Member since Aug 2004
79241 posts
Posted on 8/5/24 at 1:51 pm to
quote:

Just beware, when the Fed issues its first rate cut, it is highly likely there will be another selloff.


That is why I said I’ve been DCA for years…
Posted by slackster
Houston
Member since Mar 2009
91320 posts
Posted on 8/5/24 at 3:00 pm to
quote:

Smart money, based on how the fed has acted over the last 18 months, says wait a while for the bottom.


Keep us posted on the bottom.
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 8/5/24 at 3:17 pm to
I'll continue my weekly DCA buying pattern. I may buy more as the entire market gets dragged down by this.

I've wanted to add some TQQQ and Bitcoin to my portfolio for some 'risk on' appetite...this will become as good of an opportunity as any for this.
Posted by bigjoe1
Member since Jan 2024
1479 posts
Posted on 8/5/24 at 3:20 pm to
Market opened sharply lower but never really ruptured. Lot of stocks closed well off their lows. Thinking time to do a little nibbling. Liking the finacial sector C, TFC, Zion. Tqqq looks interesting as well as the soxl.
Posted by Nole Man
Somewhere In Tennessee!
Member since May 2011
8657 posts
Posted on 8/5/24 at 7:19 pm to
Going to be a big day tomorrow if you look at the after hours, trading for the magnificent seven.
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