Who's buying today? where's all the "dry powder" folks at? :)

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Rus In Urbe
Posts: 576
Joined: Sat Dec 09, 2017 2:12 pm

Re: Who's buying today? where's all the "dry powder" folks at? :)

Post by Rus In Urbe » Wed Mar 25, 2020 8:32 pm

*
roguewarrior0. wrote:
My prediction is mid-May will be an entry point for 40-50% down (earnings, guidance, employment rates). Not market timing but trying to patient for when I will be comfortable to come in with my dry powder.
I have a big pile of cash at the moment and am re-deploying. It's all crystal ball stuff, but I'm rather with your thinking, that the market is still feeling its way downward. All kinds of death and bad economic numbers lie just ahead. Ugh.

Nevertheless, I'm steadily getting back to my AA.

STC. Rus. :beer
I'd like to live as a poor man with lots of money. ~Pablo Picasso

FrankLUSMC
Posts: 191
Joined: Tue Nov 28, 2017 1:43 pm

Re: Who's buying today? where's all the "dry powder" folks at? :)

Post by FrankLUSMC » Thu Mar 26, 2020 8:11 am

I moved $40K from IRA to Roth on Monday 3/23/2020. Not really dry powder, but dry tax dollars that won't be used until April 2021.
:sharebeer

vipertom1970
Posts: 580
Joined: Fri Jun 21, 2019 7:06 pm

Re: Who's buying today? where's all the "dry powder" folks at? :)

Post by vipertom1970 » Thu Mar 26, 2020 10:06 am

I got about 580K in between DOW 25K-18K but too bad 1/2 of the purchase was made when the DOW was 23K.
Last edited by vipertom1970 on Fri Mar 27, 2020 2:03 pm, edited 1 time in total.

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F150HD
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Joined: Fri Sep 18, 2015 7:49 pm

Re: Who's buying today? where's all the "dry powder" folks at? :)

Post by F150HD » Thu Mar 26, 2020 10:30 pm


roguewarrior0
Posts: 17
Joined: Sat Feb 08, 2020 10:26 am

Re: Who's buying today? where's all the "dry powder" folks at? :)

Post by roguewarrior0 » Fri Mar 27, 2020 8:21 am

We have talked about waiting on the dry powder for the stock market, but anyone have plans on the bond market side?

My current AA is:
  • 7% Stocks
  • 10% Bonds
  • 83% Cash (mm)
My target AA is:
  • 70% Stocks
  • 25% Bonds
  • 5% Cash


On Total Stock, I will jump in after the market drops 45% from peak (-25% now). I will do this in 1/3's. 1/3 @ -45%, 1/3 @-50, 1/3 @ ? The final 3rd will be based on whether it is still falling or rebounding.

I was thinking of buying Total Bonds (BND) when it drops back another 4-5% to achieve my AA on bonds. That would put BND in the ~$80 range. Otherwise I will just hold cash. Thoughts?

Lee_WSP
Posts: 2114
Joined: Fri Apr 19, 2019 5:15 pm
Location: Arizona

Re: Who's buying today? where's all the "dry powder" folks at? :)

Post by Lee_WSP » Fri Mar 27, 2020 12:58 pm

roguewarrior0 wrote:
Fri Mar 27, 2020 8:21 am
We have talked about waiting on the dry powder for the stock market, but anyone have plans on the bond market side?
I'm cashing out TLT if it ever hits 170 again. Otherwise, it still provides a good buoy.

Skeeter1
Posts: 191
Joined: Sat Jul 06, 2019 1:50 pm

Re: Who's buying today? where's all the "dry powder" folks at? :)

Post by Skeeter1 » Fri Mar 27, 2020 1:58 pm

F150HD wrote:
Tue Mar 24, 2020 9:21 pm
Skeeter1 wrote:
Tue Mar 24, 2020 5:21 pm
I bought today for my granddaughters account. She is 10 months old and I invested for her into an S&P 500 ETF . I think that will work out just fine.
you mean you bought in your own taxable account for her? maybe I misunderstood.
Yes. Actually this may sound crazy but I have been converting some of my traditional IRA to a Roth. With some of the "new" Roth money i am buying a new , separate S&P 500 fund that will specifically be for her. So far i have invested a total of $5000 in that fund. I notified her parents (my son and daughter in law) that this is hers and available when she is 18. I know that this is unorthodox but it will grow tax free and distributed tax free when needed.
I hope to continue to do this every year for her birthday, holidays and whenever the feeling hits. Hope that explains it.
PS I will probably never need my Roth money so it was for legacy to begin with.

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