Sorry. I should have put irony quotes around my post. (I figured saying I wanted my holdings to "freefall" was obviously tongue in cheek.) I was just a little too nostalgic at seeing this thread pop up again and let the emotion get the best of me. I'm quite happy that I don't have any loss harvesting opportunities for the time being.nedsaid wrote:Wow. Excuse me for my naïvete, but I always invested to MAKE money. By all means take advantage of tax loss harvesting when it makes sense but this seems like letting the tax tail wag the investing dog.randomizer wrote:They need to freefall a bit more before I can harvest any losses. None of my purchased lots, even the most recent, is showing a loss yet.
U.S. stocks in free fall
- randomizer
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Re: U.S. stocks in freefall
87.5:12.5, EM tilt — HODL the course!
Re: U.S. stocks in freefall
Perhaps. I'm not going to argue against that. If it's easier to buy in a crash than it is to not sell, I suppose it works.lgs88 wrote:I'm inclined to believe that a nice psychological crutch, even if it's nothing more than that, CAN improve your returns. So many investing mistakes are psychologically-rooted.
All in, all the time.
- Uncle Pennybags
- Posts: 1835
- Joined: Tue Oct 28, 2014 2:05 am
Re: U.S. stocks in freefall
I knew it this is it; sell, sell, sell.
Re: U.S. stocks in freefall
Excellent,,,,pick up shares at lower pricesUncle Pennybags wrote:I knew it this is it; sell, sell, sell.
Bring It On
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: U.S. stocks in freefall
Man. We're starved for an actual freefall. When's the last time the markets dropped even 5%?
Re: U.S. stocks in freefall
I thought it happened (briefly) last year, but looking back the momentary Brexit slump was only about 3.5%. And recovered in the time it takes to mow the lawn.Tamalak wrote:Man. We're starved for an actual freefall. When's the last time the markets dropped even 5%?
Re: U.S. stocks in freefall
I feel like, as with forest fires, it's healthy for stocks to have 10% dips on a regular basis to clear out the 'weak money'
- SquawkIdent
- Posts: 927
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Re: U.S. stocks in freefall
You do realize that the DOW could fall 1000 points and it would be a 5% move. The things people get "excited" about nowadays is somewhat strange. It's just noise. Long term we all know where we are going. Just like Toons and Mr. Buffett say....use that noise to your advantage.
Also, a well diversified portfolio probably has some bonds in it. Look how they are doing today. Relax.
Also, a well diversified portfolio probably has some bonds in it. Look how they are doing today. Relax.
Re: U.S. stocks in freefall
What? You didn't rebalance out of equities yesterday? Somebody did and posted about it.Uncle Pennybags wrote:I knew it this is it; sell, sell, sell.
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Re: U.S. stocks in freefall
Crap I went 100% triple leveraged S&P500 yesterday!!!livesoft wrote:What? You didn't rebalance out of equities yesterday? Somebody did and posted about it.Uncle Pennybags wrote:I knew it this is it; sell, sell, sell.
Re: U.S. stocks in freefall
I think U.S. stocks fell about 15% earlier last year.Tamalak wrote:Man. We're starved for an actual freefall. When's the last time the markets dropped even 5%?
Re: U.S. stocks in freefall
I did rebalance out of equities on the weekend (meaning Monday after market close). Just luck. And won't amount to much of anything.livesoft wrote:What? You didn't rebalance out of equities yesterday? Somebody did and posted about it.Uncle Pennybags wrote:I knew it this is it; sell, sell, sell.
Link to Asking Portfolio Questions
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Re: U.S. stocks in freefall
Nobody posted on this thread between March 30th and May 17th! That's a long time!
- Doom&Gloom
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Re: U.S. stocks in freefall
A roaring bull market to tell your grandchildren about!!!GoldenFinch wrote:Nobody posted on this thread between March 30th and May 17th! That's a long time!
- triceratop
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Re: U.S. stocks in freefall
What a shame this mini-bull run had to end. Oh well; I bought more US SCV today.
"To play the stock market is to play musical chairs under the chord progression of a bid-ask spread."
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Re: U.S. stocks in freefall
A bull is considered over when the market has declined over 10%, the bull is still here.triceratop wrote:What a shame this mini-bull run had to end. Oh well; I bought more US SCV today.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
- triceratop
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Re: U.S. stocks in freefall
Isn't that the formal definition of a correction? Surely a market runup can end in ways other than a correction. For example: a flat market for years is definitely not a bull market.Grt2bOutdoors wrote:A bull is considered over when the market has declined over 10%, the bull is still here.triceratop wrote:What a shame this mini-bull run had to end. Oh well; I bought more US SCV today.
"To play the stock market is to play musical chairs under the chord progression of a bid-ask spread."
- nisiprius
- Advisory Board
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Re: U.S. stocks in freefall
"Those were the days, my friend,Doom&Gloom wrote:A roaring bull market to tell your grandchildren about!!!GoldenFinch wrote:Nobody posted on this thread between March 30th and May 17th! That's a long time!
We thought they'd never end,
We'd sing and dance forever and a day;
We'd live the life we choose,
We'd fight and never lose,
For we were young and sure to have our way!"
https://www.youtube.com/watch?v=2O5EeBjxhiY
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
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Re: U.S. stocks in freefall
Flat market = sideways market. A market run-up can end with a whimper!triceratop wrote:Isn't that the formal definition of a correction? Surely a market runup can end in ways other than a correction. For example: a flat market for years is definitely not a bull market.Grt2bOutdoors wrote:A bull is considered over when the market has declined over 10%, the bull is still here.triceratop wrote:What a shame this mini-bull run had to end. Oh well; I bought more US SCV today.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
- triceratop
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Re: U.S. stocks in freefall
nisiprius wrote:"Those were the days, my friend,Doom&Gloom wrote:A roaring bull market to tell your grandchildren about!!!GoldenFinch wrote:Nobody posted on this thread between March 30th and May 17th! That's a long time!
We thought they'd never end,
We'd sing and dance forever and a day;
We'd live the life we choose,
We'd fight and never lose,
For we were young and sure to have our way!"
https://www.youtube.com/watch?v=2O5EeBjxhiY
Friends all tried to warn me
But I held my head up high
All the time they warned me
But I only passed them by
They all tried to tell me
But I guess I didn't care
I turned my back and
Left them standing there
....
Years have passed and I keep thinking
What a fool I've been
I look back into the past and
Think of way back then
I know that I lost everything I thought that I could win
I guess I should have listened to my friends
https://youtu.be/XA9581o27uA?t=1m25s
"To play the stock market is to play musical chairs under the chord progression of a bid-ask spread."
Re: U.S. stocks in freefall
Did someone say...Uncle Pennybags wrote:I knew it this is it; sell, sell, sell.
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman
Re: U.S. stocks in freefall
Public Service Announcement: A few things are having a RBD, such as IWN, IWM
This news report has "worst day" in the headline. [Headline changed, no longer has "worst day", but text still does. ]
This news report has "worst day" in the headline. [Headline changed, no longer has "worst day", but text still does. ]
Last edited by livesoft on Wed May 17, 2017 2:53 pm, edited 3 times in total.
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Re: U.S. stocks in freefall
VIOV/IJS as well. Too bad I bought a share yesterday. Maybe I'll grab some more.livesoft wrote:Public Service Announcement: A few things are having a RBD, such as IWN, IWM
Re: U.S. stocks in freefall
No, VIOV, IJS are not a having a RBD yet as I type this.MotoTrojan wrote:VIOV/IJS as well. Too bad I bought a share yesterday. Maybe I'll grab some more.livesoft wrote:Public Service Announcement: A few things are having a RBD, such as IWN, IWM
- SmileyFace
- Posts: 9080
- Joined: Wed Feb 19, 2014 9:11 am
Re: U.S. stocks in freefall
Less than 2% is considered free-fall and less than 3% is considered a RBD???
What will you all call a 10%, 20%, 30% drop I wonder....
What will you all call a 10%, 20%, 30% drop I wonder....
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Re: U.S. stocks in freefall
Remind me where the rules are again? 2.46% vs. 2.52%....livesoft wrote:No, VIOV, IJS are not a having a RBD yet as I type this.MotoTrojan wrote:VIOV/IJS as well. Too bad I bought a share yesterday. Maybe I'll grab some more.livesoft wrote:Public Service Announcement: A few things are having a RBD, such as IWN, IWM
Re: U.S. stocks in freefall
The rules are posted in this thread: viewtopic.php?t=194427MotoTrojan wrote:Remind me where the rules are again? 2.46% vs. 2.52%....
For those who don't care to read carefully, an RBD is a technical term and is actually not a specific number. It changes based on context.
It is even possible that things close higher today out of RBD territory.
Last edited by livesoft on Wed May 17, 2017 2:11 pm, edited 1 time in total.
- Clever_Username
- Posts: 1915
- Joined: Sun Jul 15, 2012 12:24 am
- Location: Southern California
Re: U.S. stocks in freefall
Two excellent sources of advice, may I add.SquawkIdent wrote:Just like Toons and Mr. Buffett say....use that noise to your advantage.
"What was true then is true now. Have a plan. Stick to it." -- XXXX, _Layer Cake_ |
|
I survived my first downturn and all I got was this signature line.
Re: U.S. stocks in freefall
Oh goody! The thread is popping up again. Market rally just around the corner.
A fool and his money are good for business.
- willthrill81
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- Contact:
Re: U.S. stocks in freefall
Actually, I personally wish the markets would move sideways for the next five to six years (selfish I know). I should be able to really pump money in the market then, and I'll want good returns for the ten to fifteen years following. Solid returns for the next 20 years is too much to wish for.nedsaid wrote:Oh goody! The thread is popping up again. Market rally just around the corner.
The Sensible Steward
- TomatoTomahto
- Posts: 17100
- Joined: Mon Apr 11, 2011 1:48 pm
Re: U.S. stocks in freefall
I just might invoke Livesoft's Rule* and tell my wife that we have to buy another Tesla. We passed Model 3 territory hours ago, and are currently at Model X with moderate options. Wheee!
* for those unfamiliar with the rule, Livesoft once declared that you can spend as much on a car as your portfolio goes up OR down on a given day.
* for those unfamiliar with the rule, Livesoft once declared that you can spend as much on a car as your portfolio goes up OR down on a given day.
I get the FI part but not the RE part of FIRE.
Re: U.S. stocks in freefall
TWO days ago I called Vanguard to correct my asset allocation
It was 27.2 % stocks, 72.8% bonds
As I receive Social Security and Pension this pays for my house bills + other things.
I never withdraw from my IRA except RMD'S which i re invest in a taxable most of the time.
I'm 80 years old in June 2017
My allocation this day 5-17 is 40% stocks 60 % bonds (all in index mutual funds, 3 fun portforlio)
I sold $ 70,000 in bonds and bought $70,000 in total stock mkt to accomplish this transaction.
DID I make a terrible mistake on this bad day for stocks ????????????????
It was 27.2 % stocks, 72.8% bonds
As I receive Social Security and Pension this pays for my house bills + other things.
I never withdraw from my IRA except RMD'S which i re invest in a taxable most of the time.
I'm 80 years old in June 2017
My allocation this day 5-17 is 40% stocks 60 % bonds (all in index mutual funds, 3 fun portforlio)
I sold $ 70,000 in bonds and bought $70,000 in total stock mkt to accomplish this transaction.
DID I make a terrible mistake on this bad day for stocks ????????????????
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- Joined: Wed Feb 01, 2017 7:39 pm
Re: U.S. stocks in freefall
Youd be better off if the transaction happened tonight but nobody can predict that. 80 years old with a $1/2M account and a pension sounds like you're doing great!!tuffy7222 wrote:TWO days ago I called Vanguard to correct my asset allocation
It was 27.2 % stocks, 72.8% bonds
As I receive Social Security and Pension this pays for my house bills + other things.
I never withdraw from my IRA except RMD'S which i re invest in a taxable most of the time.
I'm 80 years old in June 2017
My allocation this day 5-17 is 40% stocks 60 % bonds (all in index mutual funds, 3 fun portforlio)
I sold $ 70,000 in bonds and bought $70,000 in total stock mkt to accomplish this transaction.
DID I make a terrible mistake on this bad day for stocks ????????????????
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- Posts: 2728
- Joined: Mon Nov 10, 2014 10:34 pm
Re: U.S. stocks in freefall
My husband will be happy to hear that he can finally get a new car today and get out of that minivan with 240,000 miles on it that I have asked him to keep for one more year. I'm predicting we lost the cost of a nice car today. I'm just not sure he'll understand that I was telling him to not buy a car for Boglehead reasons and now buy a car for Boglehead reasons. I think I just won't say anything and continue to feel guilty for driving the nice car and wait another year.TomatoTomahto wrote:I just might invoke Livesoft's Rule*
.....
* for those unfamiliar with the rule, Livesoft once declared that you can spend as much on a car as your portfolio goes up OR down on a given day.
- TomatoTomahto
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- Joined: Mon Apr 11, 2011 1:48 pm
Re: U.S. stocks in freefall
Tbh, I never understood why a decline in your portfolio counted as much as an increase, but who am I to second guess a Rule?GoldenFinch wrote:My husband will be happy to hear that he can finally get a new car today and get out of that minivan with 240,000 miles on it that I have asked him to keep for one more year. I'm predicting we lost the cost of a nice car today. I'm just not sure he'll understand that I was telling him to not buy a car for Boglehead reasons and now buy a car for Boglehead reasons. I think I just won't say anything and continue to feel guilty for driving the nice car and wait another year.TomatoTomahto wrote:I just might invoke Livesoft's Rule*
.....
* for those unfamiliar with the rule, Livesoft once declared that you can spend as much on a car as your portfolio goes up OR down on a given day.
I drove a minivan for years; it builds character
I get the FI part but not the RE part of FIRE.
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- Joined: Tue Mar 07, 2017 3:25 pm
Re: U.S. stocks in freefall
https://www.usatoday.com/story/money/ma ... 101788270/
Great article today noting how the S&P is up 23% from Election day through yesterday. Duhhhhhhhhh. Not. USA Today folks, USA Today. One comment out of the first 100 mentioned this. Yikes.
Great article today noting how the S&P is up 23% from Election day through yesterday. Duhhhhhhhhh. Not. USA Today folks, USA Today. One comment out of the first 100 mentioned this. Yikes.
- triceratop
- Posts: 5838
- Joined: Tue Aug 04, 2015 8:20 pm
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Re: U.S. stocks in freefall
I bought my last car for a price which is ~3x the amount of money I lost today; it was a good decision: one cannot rely on a car which is worth less than $1000.
The good news is I broke my record for most losses sustained in a single day: $950.
The good news is I broke my record for most losses sustained in a single day: $950.
"To play the stock market is to play musical chairs under the chord progression of a bid-ask spread."
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- Joined: Mon Nov 10, 2014 10:34 pm
Re: U.S. stocks in freefall
Yes! Character! Thank you! I will pass that along to him. (I love Bogleheads!) Plus the minivan has a life-time warranty. I do feel bad driving the Lexus though...TomatoTomahto wrote:Tbh, I never understood why a decline in your portfolio counted as much as an increase, but who am I to second guess a Rule?GoldenFinch wrote:My husband will be happy to hear that he can finally get a new car today and get out of that minivan with 240,000 miles on it that I have asked him to keep for one more year. I'm predicting we lost the cost of a nice car today. I'm just not sure he'll understand that I was telling him to not buy a car for Boglehead reasons and now buy a car for Boglehead reasons. I think I just won't say anything and continue to feel guilty for driving the nice car and wait another year.TomatoTomahto wrote:I just might invoke Livesoft's Rule*
.....
* for those unfamiliar with the rule, Livesoft once declared that you can spend as much on a car as your portfolio goes up OR down on a given day.
I drove a minivan for years; it builds character
- Uncle Pennybags
- Posts: 1835
- Joined: Tue Oct 28, 2014 2:05 am
Re: U.S. stocks in freefall
Why did you decide to change your asset allocation? If it was a running with the bulls thing yes you made a mistake.tuffy7222 wrote:DID I make a terrible mistake on this bad day for stocks ????????????????
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- Joined: Tue Mar 07, 2017 3:25 pm
Re: U.S. stocks in freefall
Does this take into account Sept 2008-March 2009 swings? Market moved 5-7% dailyTomatoTomahto wrote:I just might invoke Livesoft's Rule*
.....
* for those unfamiliar with the rule, Livesoft once declared that you can spend as much on a car as your portfolio goes up OR down on a given day.
Re: U.S. stocks in freefall
Ironically, after hours trading on November 8, 2016.Tamalak wrote:Man. We're starved for an actual freefall. When's the last time the markets dropped even 5%?
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Re: U.S. stocks in freefall
I seem to remember February 11th 2016 as a decently recent big low. Things have gone up quite a bit since then.sharpjm wrote:Ironically, after hours trading on November 8, 2016.Tamalak wrote:Man. We're starved for an actual freefall. When's the last time the markets dropped even 5%?
Re: U.S. stocks in freefall
"Easy come, easy go! It pays to advertise."
James Bond in Octopussy
James Bond in Octopussy
Last edited by munemaker on Wed May 17, 2017 4:03 pm, edited 1 time in total.
- Uncle Pennybags
- Posts: 1835
- Joined: Tue Oct 28, 2014 2:05 am
Re: U.S. stocks in freefall
Thank you for my "fake news" fix for the month. Does anyone listen to third party reports anymore?deltaneutral83 wrote:https://www.usatoday.com/story/money/ma ... 101788270/
Great article today noting how the S&P is up 23% from Election day through yesterday. Duhhhhhhhhh. Not. USA Today folks, USA Today. One comment out of the first 100 mentioned this. Yikes.
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- Posts: 2454
- Joined: Tue Mar 07, 2017 3:25 pm
Re: U.S. stocks in freefall
Exactly, if it were "Jimbob's financial blog" I would have laughed and gone on my way. But USAToday, aren't they supposed to be modestly factual? And then reading the comments and seeing everyone side step the obvious foul was even more surreal.Uncle Pennybags wrote:Thank you for my "fake news" fix for the month.deltaneutral83 wrote:https://www.usatoday.com/story/money/ma ... 101788270/
Great article today noting how the S&P is up 23% from Election day through yesterday. Duhhhhhhhhh. Not. USA Today folks, USA Today. One comment out of the first 100 mentioned this. Yikes.
- Earl Lemongrab
- Posts: 7270
- Joined: Tue Jun 10, 2014 1:14 am
Re: U.S. stocks in freefall
The thing I most need to buy is VNQ, and it went up! Diversification at work.
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Re: U.S. stocks in freefall
saw this thread on front page. open up newest post. march 2017. cant believe i missed the March 2017 free fall!!! i wouldnt even had known it existed if i hadnt opened this thread.
didnt even know aboout the current free fall until a co-worker said DOW was down at which i wondered if i should buy.
didnt even know aboout the current free fall until a co-worker said DOW was down at which i wondered if i should buy.
Re: U.S. stocks in freefall
They may have fixed that USA Today article, it now says "Thanks to the market's "Trump Bump," someone who had invested $100,000 in an index fund tracking the 500 largest U.S. companies on Election Day would have seen that money grow to $112,300 at the market's recent record high on May 15 after a 12.3% rally. But that same investor would have suffered a loss of roughly $2,044 in Wednesday's stock selloff which resulted in a 1.8% loss for the S&P 500 stock index."
The sewer system is a form of welfare state. |
-- "Libra", Don DeLillo
Re: U.S. stocks in freefall
I had a stroke of luck. I rebalanced some of my small cap into REIT before markets closed yesterday to meet my desired AA. It was a mini win for a day or two but in the grand scheme of things, won't mean a thing. It did put a smile on my face though.
Re: U.S. stocks in freefall
I've taught my wife to be a good Boglehead who stays the course and doesn't think about market turbulence. I told her that we lost about $60k today with the market decline. She said, "Good, that means we have a lot of money."
“There may be times when we are powerless to prevent injustice, but there must never be a time when we fail to protest.” - Elie Wiesel