Did you buy the 600+ dip last week ?

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Jimsad
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Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 5:02 pm

I am curious how many of you put in extra money last week when market fell 600+ points .
I did but am not sure if it makes a difference .

jebmke
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Re: Did you buy the 600+ dip last week ?

Post by jebmke » Wed May 15, 2019 5:04 pm

not even close to a re-balance point
When you discover that you are riding a dead horse, the best strategy is to dismount.

travellight
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Re: Did you buy the 600+ dip last week ?

Post by travellight » Wed May 15, 2019 5:04 pm

Yes I did.
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IlliniDave
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Re: Did you buy the 600+ dip last week ?

Post by IlliniDave » Wed May 15, 2019 5:05 pm

Nope, not in the sense you mean. I made my normal payday 401k contribution and corresponding deposit into my taxable investment account, but did exactly the same thing as if it had been a +600 surge.
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The Wizard
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Re: Did you buy the 600+ dip last week ?

Post by The Wizard » Wed May 15, 2019 5:15 pm

I did, and I even posted here as an alert to Dipsters.

And it has nothing to do with rebalancing in my case. I'm retired and have extra income every so often from SS or tax-deferred that I invest in my taxable account.
Except that I don't buy record highs, see?
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retire2022
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Re: Did you buy the 600+ dip last week ?

Post by retire2022 » Wed May 15, 2019 5:15 pm

OP

I put in two orders but canceled my initial limit order VGT on sat for $200 per share to $197 per share and canceled that to put in order for $185 per share.

If had stayed with initial order I would had hit the asking price of $200 since it hovered around 199-198

So far the 60 day limit order has not executed, I will still have cash no biggie this is fun, it is 5% of my portfolio.

I will wait until it goes further down i will be ok with $185 be approx 8% correction

thread which I had discussed this previously:

viewtopic.php?f=1&t=280668#p4541928

edit, Changed my mind this morning canceled the $185 order, put in a bid for 190 and the order was executed
Last edited by retire2022 on Mon Jun 03, 2019 7:42 pm, edited 1 time in total.

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devdude
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Re: Did you buy the 600+ dip last week ?

Post by devdude » Wed May 15, 2019 5:19 pm

I did as well. I DCA my Roth IRA and when the market dips, throw some money in.

I'm thinking of lump summing next year. My IPS allows me to look at the market twice a month and I'm looking more than that for a good buy.
Last edited by devdude on Wed May 15, 2019 5:43 pm, edited 1 time in total.
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trav867
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Re: Did you buy the 600+ dip last week ?

Post by trav867 » Wed May 15, 2019 5:19 pm

Yes, in violation of my IPS.

Actually, I don't keep tabs on the market but saw a headline and remembered I hadn't made my usual monthly purchase.

DonIce
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Re: Did you buy the 600+ dip last week ?

Post by DonIce » Wed May 15, 2019 5:20 pm

Yes, I invested my contribution for May on Monday, instead of waiting til the end of the month like I usually do. The dip wasn't big enough for anything more than that, though.

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TheTimeLord
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Re: Did you buy the 600+ dip last week ?

Post by TheTimeLord » Wed May 15, 2019 5:23 pm

Jimsad wrote:
Wed May 15, 2019 5:02 pm
I am curious how many of you put in extra money last week when market fell 600+ points .
I did but am not sure if it makes a difference .
Hope not. S&P 500 closed at 2,881.40 last Friday and closed today at 2,850.96.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

Bacchus01
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Re: Did you buy the 600+ dip last week ?

Post by Bacchus01 » Wed May 15, 2019 5:28 pm

There was a drop? Huh. I didn’t notice

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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 5:36 pm

For various reasons , I do not think there will be many huge drops like this one in near future .
Hence it may be better to jump when these happen , of course, if you have cash to spare and it does not alter your target asset allocation too much .

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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 5:38 pm

Also I am invested in mutual funds and not ETFs and hence usually act in last 10 minutes before close of market for that day

The Wizard
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Re: Did you buy the 600+ dip last week ?

Post by The Wizard » Wed May 15, 2019 5:48 pm

Bacchus01 wrote:
Wed May 15, 2019 5:28 pm
There was a drop? Huh. I didn’t notice
This is why folks should monitor things daily when convenient.
The dip was actually at closing on Monday the 13th, not last week...
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Phineas J. Whoopee
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Re: Did you buy the 600+ dip last week ?

Post by Phineas J. Whoopee » Wed May 15, 2019 5:50 pm

My stock allocation went down from 4.8% above portfolio target to 4.2% above. No, there was no reason for me to transact.
PJW

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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 5:51 pm

The Wizard wrote:
Wed May 15, 2019 5:48 pm
Bacchus01 wrote:
Wed May 15, 2019 5:28 pm
There was a drop? Huh. I didn’t notice
This is why folks should monitor things daily when convenient.
The dip was actually at closing on Monday the 13th, not last week...
Thanks for correcting

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Re: Did you buy the 600+ dip last week ?

Post by jebmke » Wed May 15, 2019 5:53 pm

Jimsad wrote:
Wed May 15, 2019 5:36 pm
For various reasons , I do not think there will be many huge drops like this one in near future .
Hence it may be better to jump when these happen , of course, if you have cash to spare and it does not alter your target asset allocation too much .
I'm old enough to remember when our stocks dropped 22% in one day.
When you discover that you are riding a dead horse, the best strategy is to dismount.

mx711yam
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Re: Did you buy the 600+ dip last week ?

Post by mx711yam » Wed May 15, 2019 5:54 pm

I did

dcw213
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Re: Did you buy the 600+ dip last week ?

Post by dcw213 » Wed May 15, 2019 5:56 pm

Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?

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Re: Did you buy the 600+ dip last week ?

Post by southerndoc » Wed May 15, 2019 6:00 pm

I invest the 15th of each month (payday) based on my 60/40 split.

AkwardDoct@rd
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Re: Did you buy the 600+ dip last week ?

Post by AkwardDoct@rd » Wed May 15, 2019 6:01 pm

I did not because I have no excess cash

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oldzey
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Re: Did you buy the 600+ dip last week ?

Post by oldzey » Wed May 15, 2019 6:03 pm

Yup - on Monday! :beer
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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 6:04 pm

dcw213 wrote:
Wed May 15, 2019 5:56 pm
Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?
I put in an amount equal to 4% of my total portfolio

sksbog
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Re: Did you buy the 600+ dip last week ?

Post by sksbog » Wed May 15, 2019 6:06 pm

Jimsad wrote:
Wed May 15, 2019 5:02 pm
I am curious how many of you put in extra money last week when market fell 600+ points .
I did but am not sure if it makes a difference .
Not even 2%,

Not worth my time and attention

Dandy
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Re: Did you buy the 600+ dip last week ?

Post by Dandy » Wed May 15, 2019 6:09 pm

I occasionally do a modest buy when there is a really bad series of days. I took a pass on this one. I don't have the "need" to do it much anymore. In the back of my mind was probably that my allocation was a bit over my ideal by a few points and the market was at high since the beginning of the year.

DonIce
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Re: Did you buy the 600+ dip last week ?

Post by DonIce » Wed May 15, 2019 6:13 pm

dcw213 wrote:
Wed May 15, 2019 5:56 pm
Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?
Why not buy cheaper? I'll pick up the $100 bill on the floor.

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Stinky
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Re: Did you buy the 600+ dip last week ?

Post by Stinky » Wed May 15, 2019 6:17 pm

AkwardDoct@rd wrote:
Wed May 15, 2019 6:01 pm
I did not because I have no excess cash
+1

I don’t keep cash around for buying “dips”.
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AerialWombat
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Re: Did you buy the 600+ dip last week ?

Post by AerialWombat » Wed May 15, 2019 6:18 pm

I plopped $17k into ye olde 401k yesterday, but only because cash in the biz checking account had to go somewhere. Had nothing to do with the “dip”. My holdings were mostly up the past week, but I got a REIT on sale.
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Toons
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Re: Did you buy the 600+ dip last week ?

Post by Toons » Wed May 15, 2019 6:22 pm

I did not catch the news last week.
Missed it.
:happy
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dcw213
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Re: Did you buy the 600+ dip last week ?

Post by dcw213 » Wed May 15, 2019 6:23 pm

Jimsad wrote:
Wed May 15, 2019 6:04 pm
dcw213 wrote:
Wed May 15, 2019 5:56 pm
Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?
I put in an amount equal to 4% of my total portfolio
Wouldn’t it have been better to have put that money in 3 months ago? Would have been a more optimal buying opportunity. My point is, when a trade works out well around here people celebrate but when it goes poorly (buying right before a decline) people wave it off as insignificant. If you want to celebrate buying this dip by taking action outside of your normal asset allocation rebalancing, you should also have the mindset that if you were to have bought outside of your IPS plan and then a subsequent decline occurred, then you have lost money. I find that when the former happens people pat themselves on the back and when the latter happens it is “noise” and doesn’t matter.

The reason I raise this is not to be snarky, but to raise the danger of confusing luck with a winning strategy. It is a slippery slope - stay the course.

I would also pick up the $100 off the floor and be happy, that is incremental money not a successful trade. This is not the same concept.
Last edited by dcw213 on Wed May 15, 2019 6:28 pm, edited 2 times in total.

barnaclebob
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Re: Did you buy the 600+ dip last week ?

Post by barnaclebob » Wed May 15, 2019 6:23 pm

travellight wrote:
Wed May 15, 2019 5:04 pm
Yes I did.
How long had you been waiting to do so?

bondsr4me
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Re: Did you buy the 600+ dip last week ?

Post by bondsr4me » Wed May 15, 2019 6:24 pm

I did.

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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 6:27 pm

dcw213 wrote:
Wed May 15, 2019 6:23 pm
Jimsad wrote:
Wed May 15, 2019 6:04 pm
dcw213 wrote:
Wed May 15, 2019 5:56 pm
Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?
I put in an amount equal to 4% of my total portfolio
Wouldn’t it have been better to have put that money in 3 months ago? Would have been a more optimal buying opportunity. My point is, when a trade works out well around here people celebrate but when it goes poorly (buying right before a decline) people wave it off as insignificant. If you want to celebrate buying this dip by taking action outside of your normal asset allocation rebalancing, you should also have the mindset that if you were to have bought outside of your IPS plan and then a subsequent decline occurred, then you have lost money. I find that when the former happens people pay themselves on the back and when the latter happens it is “noise” and doesn’t matter.

I would also pick up the $100 off the floor, this is not the same concept.
I keep some extra cash (?play money- right term ?) on hand to do stuff like this as a hobby But never with significantly large amounts

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Re: Did you buy the 600+ dip last week ?

Post by MotoTrojan » Wed May 15, 2019 6:59 pm

devdude wrote:
Wed May 15, 2019 5:19 pm
I did as well. I DCA my Roth IRA and when the market dips, throw some money in.

I'm thinking of lump summing next year. My IPS allows me to look at the market twice a month and I'm looking more than that for a good buy.
Why not look every two weeks and then put in an alert at a predetermined level below current? If the alert gets ping'd, you go in and buy. Could even make it a limit order and just let yourself be surprised every two weeks :twisted: .

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FIREchief
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Re: Did you buy the 600+ dip last week ?

Post by FIREchief » Wed May 15, 2019 7:09 pm

Does back to back to back TLHs count?? 8-)
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JonnyDVM
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Re: Did you buy the 600+ dip last week ?

Post by JonnyDVM » Wed May 15, 2019 7:10 pm

Yes and I was l, and still am, very excited about it :greedy
Last edited by JonnyDVM on Wed May 15, 2019 7:12 pm, edited 1 time in total.
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RetiredAL
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Re: Did you buy the 600+ dip last week ?

Post by RetiredAL » Wed May 15, 2019 7:11 pm

Yes I did buy last Friday. However, buying during the dip was just plain luck.

I had sold items in my Dad's IRA earlier as part of the program of moving what had been advisor managed individual stocks into Index ETF's. I know I can buy near immediately after a sale, but I like wait for full settlement, thus there was 4 days between the sales and the new buy. Luck went my way.

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Re: Did you buy the 600+ dip last week ?

Post by Godot » Wed May 15, 2019 7:16 pm

Jimsad wrote:
Wed May 15, 2019 5:36 pm
For various reasons , I do not think there will be many huge drops like this one in near future .
Hence it may be better to jump when these happen , of course, if you have cash to spare and it does not alter your target asset allocation too much .
You don't think there will be many huge drops like this in the near future? Based on what thinking? Could you define "near future"?
“Estragon: I can't go on like this. | Vladimir: That's what you think.” ― Samuel Beckett, Waiting for Godot

staythecourse
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Re: Did you buy the 600+ dip last week ?

Post by staythecourse » Wed May 15, 2019 7:24 pm

The market dropped 600 points last week? Good thing I visit this site so much as it is the only way I would know what the market was doing. I must say I have hit a point of iInancial Indifference. I don't care if the market is up or down. No surprise that single quality has made me a better investor then anything I have read or even learned on this board.

Go figure not caring is better then caring too much when it comes to investing.

Good luck.
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gilgamesh
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Re: Did you buy the 600+ dip last week ?

Post by gilgamesh » Wed May 15, 2019 7:31 pm

AkwardDoct@rd wrote:
Wed May 15, 2019 6:01 pm
I did not because I have no excess cash
Sounds like you like to maximize expected returns and not into the fun of buying dips...I do the same.

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HomerJ
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Re: Did you buy the 600+ dip last week ?

Post by HomerJ » Wed May 15, 2019 7:37 pm

Jimsad wrote:
Wed May 15, 2019 6:04 pm
dcw213 wrote:
Wed May 15, 2019 5:56 pm
Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?
I put in an amount equal to 4% of my total portfolio
Where was that 4% before the dip? Did you miss the 20% run-up since January by not having that 4% ALREADY in the market?
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Re: Did you buy the 600+ dip last week ?

Post by Sandtrap » Wed May 15, 2019 7:40 pm

The Wizard wrote:
Wed May 15, 2019 5:15 pm
I did, and I even posted here as an alert to Dipsters.

And it has nothing to do with rebalancing in my case. I'm retired and have extra income every so often from SS or tax-deferred that I invest in my taxable account.
Except that I don't buy record highs, see?
I did not because I was waiting for it to go down even further. . . . . :shock:

OTOH, if not for "wizard" I wouldn't have known there was a "dip".

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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 7:44 pm

HomerJ wrote:
Wed May 15, 2019 7:37 pm
Jimsad wrote:
Wed May 15, 2019 6:04 pm
dcw213 wrote:
Wed May 15, 2019 5:56 pm
Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?
I put in an amount equal to 4% of my total portfolio
Where was that 4% before the dip? Did you miss the 20% run-up since January by not having that 4% ALREADY in the market?
Bonds and emergency fund

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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 7:45 pm

Godot wrote:
Wed May 15, 2019 7:16 pm
Jimsad wrote:
Wed May 15, 2019 5:36 pm
For various reasons , I do not think there will be many huge drops like this one in near future .
Hence it may be better to jump when these happen , of course, if you have cash to spare and it does not alter your target asset allocation too much .
You don't think there will be many huge drops like this in the near future? Based on what thinking? Could you define "near future"?
I think my explanation was earlier blocked by moderators

goldendad
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Re: Did you buy the 600+ dip last week ?

Post by goldendad » Wed May 15, 2019 7:48 pm

No. The knife had not fallen far enough. The last time I bought on a dip the market was down about 15%. Bought the QQQ in early January.
Last edited by goldendad on Wed May 15, 2019 9:37 pm, edited 1 time in total.

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Jimsad
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Re: Did you buy the 600+ dip last week ?

Post by Jimsad » Wed May 15, 2019 7:52 pm

Jimsad wrote:
Wed May 15, 2019 7:44 pm
HomerJ wrote:
Wed May 15, 2019 7:37 pm
Jimsad wrote:
Wed May 15, 2019 6:04 pm
dcw213 wrote:
Wed May 15, 2019 5:56 pm
Unless you moved a serious chunk of money, the impact of “buying this dip” will be nothing in the grand scheme of investing. For a forum of “ignore the noise” rationale I see a lot of folks focusing on the noise when it gets them an extra $100 but writing off when the opposite happens as “noise”. Did you really dump enough money in that saving 3% off your purchase price will be valuable in the grand scheme of your wealth building?
I put in an amount equal to 4% of my total portfolio
Where was that 4% before the dip? Did you miss the 20% run-up since January by not having that 4% ALREADY in the market?
Bonds and emergency fund
Also ‘play money ‘ fund in online savings account

mortfree
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Re: Did you buy the 600+ dip last week ?

Post by mortfree » Wed May 15, 2019 8:11 pm

Yes. I was able to buy 2.7 shares instead of 2.5 shares because of the dip.

Yawn....

Bacchus01
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Re: Did you buy the 600+ dip last week ?

Post by Bacchus01 » Wed May 15, 2019 8:23 pm

The Wizard wrote:
Wed May 15, 2019 5:48 pm
Bacchus01 wrote:
Wed May 15, 2019 5:28 pm
There was a drop? Huh. I didn’t notice
This is why folks should monitor things daily when convenient.
The dip was actually at closing on Monday the 13th, not last week...
And why does that mean we should monitor daily?

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Re: Did you buy the 600+ dip last week ?

Post by jhfenton » Wed May 15, 2019 8:29 pm

Not last week, but I accelerated monthly Roth IRA contributions for both myself and my wife on Monday this week. I added about $600 to emerging markets and about $300 to ex-US small cap. I did not otherwise rebalance, because I was still slightly above target for everything, especially U.S.

My bi-weekly 401(k) contribution should be invested tomorrow (the day before payday). My wife's 401(k) will be invested sometime between this Friday and next Tuesday. (They are not consistent.) These never change.

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arcticpineapplecorp.
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Re: Did you buy the 600+ dip last week ?

Post by arcticpineapplecorp. » Wed May 15, 2019 8:33 pm

It's percentages, not points that matter.

You're not sure if buying on the dip makes a difference?

If it does make a difference, why?

If it doesn't make a difference, why?
"May you live as long as you want and never want as long as you live" -- Irish Blessing | "Invest we must" -- Jack Bogle

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