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Stock Market: Anybody Selling?

Passepartout

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Might be too late, but my accounts have been pretty defensive anyway. There have been losses, but nowhere close to the averages.

Jim
 

#1 Cowboys Fan

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I was thinking of posting something; figured someone would.

I am positioned conservatively, and plan to change that later.

Now, I'll wait until the dust settles with what's going on.

I have done a TERRIBLE job of timing the market over the last dozen years-----maybe I'll do better THIS time---haha!!
 

bizaro86

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I've been taking cash and adding to stock positions in quality companies. Berkshire Hathaway (Warren Buffett's company) has huge cash balances and is very conservatively positioned. A selloff probably helps them because they can use their cash on new investments.
 

easyrider

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I think 3m will do well. MMM. I went to Home Depot for some things I needed for a project and all of the respirators were gone.

Bill
 

GetawaysRus

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This market isn't fun, but I bought some today.

I'm generally fairly conservative and have a significant number of tax-free muni bonds in my state (California). Bond yields have gotten so low that I haven't been able to find any attractive bonds in months. More and more of my bonds are getting called. In a "normal" market, I would just reinvest in new bonds, but not now. So cash has been piling up.

So I've been looking at alternatives to bonds, and I've had a few closed end funds on my radar that pay decent monthly dividends. These got creamed today. I bought one at a yield of 7.3% and another at a yield of 7.5%. Also, if you follow CEFs, I was able to purchase at a reasonable discount compared to their historic averages. I'm planning to just hold these and reinvest the dividends so that they compound over time. Even if the market keeps going down, I'm happy with those yields (if they hold long term...) and would possibly buy more.

It's helpful that trade commissions are now zero at so many brokerages. It makes it less costly to dollar average in.

I don't think I will adjust my overall investment allocation. I can't time the market either. Hold on tight and ride the wave...
 

VacationForever

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Nope, other than my husband's RMD which comes as a monthly payment. Since our money managers keep about 5% of the investment as cash, they can use that for RMD each month. I made the decision long ago to always keep a chunk of cash in a savings account so we never need to liquidate in a down market should we need money.
 

bbodb1

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Sell golden April at 142!
 

bbodb1

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On a more useful note, I will channel REO Speedwagon and:

 

bluehende

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I sold a couple weeks ago and did nibble back in today with some roth cash. Bought qqq on the close. Interesting that it took 2 1/2 minutes to fill a market order. I cann't complain as it was 1/2 percent lower on close than when I put in the order. MERS and SARS both took the market down 12 % right about where we are.

I expected to buy tomorrow, but this looked like a pretty good blowoff
 

GetawaysRus

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How will you know it's bottomed?
This is one of the 2 things that I would like TUGgers to clue me in on. After all, TUGgers seem to know everything.

The other: the location of the fountain of youth.
 

Rolltydr

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Might be too late, but my accounts have been pretty defensive anyway. There have been losses, but nowhere close to the averages.

Jim
I got out of the equities market a few years ago so I’m somewhat protected from the worst of the volatility. I‘m retired now and I hate for those close to retirement see their savings lose this much value. And I just saw that the medical experts now have to run any information they want to provide the public through Pence’s office. So now, your hurricane tracking and deadly virus information must come from a politician, not the meteorologists or medical professionals. Feel better?
 

easyrider

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How will you know it's bottomed?

I think its called algorithm trading. Supposedly the Dow should have topped out at near 30,000 but politics and corona virus has caused the top. It was a good ride.

Bill
 

Brett

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I think its called algorithm trading. Supposedly the Dow should have topped out at near 30,000 but politics and corona virus has caused the top. It was a good ride.

Bill

I heard the stock market was supposed to top out at 50,000
a real shame that only "politics", algorithms and a virus determines stock prices
 
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pittle

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We took this year's withdrawal from our IRA in early January when the markets were high and even some extra a few weeks later in a big surge. We moved it all into a savings account that we take a monthly withdrawal from. Right now we have just a little less in the IRA, than we did in February 2019, but have enough money in savings for close to 2 years living expenses (after taxes were paid). So, now we can just wait it out. In the 18 years we have been living on our investments, there have been peaks and valleys and we survived.
 
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artringwald

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If Covid-19 starts spreading in the US, I'll wait until it stops before buying. Otherwise, I'll wait until a week can go by without the SP500 going down,
 

CalGalTraveler

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For those who read the Wall St. Journal, there is an interesting article today about how large funds must sell and smaller investors don't. (Note: unfortunately it's behind a subscriber wall).


BTW...I would expect that drug companies, surgical mask makers, and in-home items such as Netflix, Zoom (video conferencing), and exercise equipment would fare well in this new economy.
 

Brett

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For those who read the Wall St. Journal, there is an interesting article today about how large funds must sell and smaller investors don't. (Note: unfortunately it's behind a subscriber wall).


BTW...I would expect that drug companies, surgical mask makers, and in-home items such as Netflix, Zoom (video conferencing), and exercise equipment would fare well in this new economy.

right, some pros (institutions) have to sell, you don't - unless you need the money now

stock-52 PM.jpg
 

GetawaysRus

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I think its called algorithm trading.
Bill
I do think that computer algorithms and computerized trading contribute to some of these major swings we see, both up and down.

Basically, whenever I find myself thinking " What the hel... is going on with the stock market," I assume it's computers doing it.

But I try to look on the bright side. At least it's not aliens controlling the stock market ( or is it??).
 

Brett

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I do think that computer algorithms and computerized trading contribute to some of these major swings we see, both up and down.

Basically, whenever I find myself thinking " What the hel... is going on with the stock market," I assume it's computers doing it.

But I try to look on the bright side. At least it's not aliens controlling the stock market ( or is it??).

yes, look on the bright side of things
Aliens (extraterrestrial or across border) are probably not controlling the stock market
 
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