Really Bad Day (RBD) Activities

[retireIn2020]

I'm expecting more volatility for the next 2-3 months and I've put some cash on the sidelines and prepped my Roth conversion so I can take advantage of it. Today was nothing though.

You don't need to have cash on the sidelines in order to do Roth conversions. As an example, my last Roth conversion was at the end of 2022 when I moved some total stock market funds from my tIRA to my Roth.

Key point is that I paid less in tax to make that conversion compared to its value today.

You don't gain anything from converting it to cash, then making the conversion, all you do is miss out on gain's if your prediction of volatility is wrong!

Cash on the sidelines is typically an emergency fund to cover expenses, or for those that think they can time the market.

Cash on the sidelines is for large dips in the stock market, not for Roth conversions.

Gotcha, so you're attempting to time the market? What happens if the market goes higher while you have your cash on the "sidelines"?

Just a suggestion, perhaps read up on Market timing and Asset Allocation as well.
https://www.bogleheads.org/wiki/Taylor_ ... ing_quotes
https://www.bogleheads.org/wiki/Market_timing

https://www.bogleheads.org/wiki/Asset_allocation

[livesoft]

I guess an RBD activity is posting about the RBD.

[retireIn2020]

I guess an RBD activity is posting about the RBD.

My activity for the day was the gym and bowling. Now I'm just trying to read enough to go to sleep.

[r.walker]

Note my sig. Always worked for me.

[well9boy9]

I'm expecting more volatility for the next 2-3 months and I've put some cash on the sidelines and prepped my Roth conversion so I can take advantage of it. Today was nothing though.

You don't need to have cash on the sidelines in order to do Roth conversions. As an example, my last Roth conversion was at the end of 2022 when I moved some total stock market funds from my tIRA to my Roth.

Key point is that I paid less in tax to make that conversion compared to its value today.

You don't gain anything from converting it to cash, then making the conversion, all you do is miss out on gain's if your prediction of volatility is wrong!

Cash on the sidelines is typically an emergency fund to cover expenses, or for those that think they can time the market.

Cash on the sidelines is for large dips in the stock market, not for Roth conversions.

I think he/she meant cash on the sideline to pay Roth conversion taxes.

[well9boy9]

Calculate how much you lost during today’s RBD. Go car shopping for a “fun car” with that amount as your max budget. What kind of wheels can you get?!

And lol at the headline! Sensationalist much?

I did and could have gotten a 98K car today.

Wow, at least 5 mil portfolio.

[baconavocado]

I'm expecting more volatility for the next 2-3 months and I've put some cash on the sidelines and prepped my Roth conversion so I can take advantage of it. Today was nothing though.

You don't need to have cash on the sidelines in order to do Roth conversions. As an example, my last Roth conversion was at the end of 2022 when I moved some total stock market funds from my tIRA to my Roth.

Key point is that I paid less in tax to make that conversion compared to its value today.

You don't gain anything from converting it to cash, then making the conversion, all you do is miss out on gain's if your prediction of volatility is wrong!

Cash on the sidelines is typically an emergency fund to cover expenses, or for those that think they can time the market.

Cash on the sidelines is for large dips in the stock market, not for Roth conversions.

Gotcha, so you're attempting to time the market? What happens if the market goes higher while you have your cash on the "sidelines"?

Just a suggestion, perhaps read up on Market timing and Asset Allocation as well.
https://www.bogleheads.org/wiki/Taylor_ ... ing_quotes
https://www.bogleheads.org/wiki/Market_timing

https://www.bogleheads.org/wiki/Asset_allocation

I call it rebalancing, and it amounts to 1% of my portfolio.

[Clever_Username]

I guess an RBD activity is posting about the RBD.

This is my second-favorite RBD activity; it is second only to have a beverage (adult or otherwise) and wait for all of this to blow over.

[celia]

“Stocks suffer worst day since August.”

Worse than that this month is that the stock exchanges refused to open on Monday!!! Most workers refused to go to work too!!! The country must be falling apart!!!

[Tamalak]

When the market is up I buy and hold, when the market is down I cry and hold

[TheTimeLord]

I prefer the day after a RBD when I sip my coffee while totaling up how many mutual fund shares where added overnight. But I run my portfolio in a rather idiosyncratic way specific to my circumstances.


*This forum really needs a coffee cup emoji.

[iceport]

Note my sig. Always worked for me.

Yeah, same here.

My definition of an RBD is any day anybody actually falls for the false hope of livesoft's market timing shtick.

[Lawrence of Suburbia]

Calculate how much you lost during today’s RBD. Go car shopping for a “fun car” with that amount as your max budget. What kind of wheels can you get?!

Porsche 911 Carerra

... made by Hot Wheels

[dvvader]

Calculate how much you lost during today’s RBD. Go car shopping for a “fun car” with that amount as your max budget. What kind of wheels can you get?!

And lol at the headline! Sensationalist much?

I did and could have gotten a 98K car today.

Pretty nice budget for a fun car! Well into 'vette territory!

[dvvader]

Calculate how much you lost during today’s RBD. Go car shopping for a “fun car” with that amount as your max budget. What kind of wheels can you get?!

Porsche 911 Carerra

Oh very nice! ...

... made by Hot Wheels

... Bummer! LOL

[Doom&Gloom]

I guess an RBD activity is posting about the RBD.

This is my second-favorite RBD activity; it is second only to have a beverage (adult or otherwise) and wait for all of this to blow over.

+1
An RBD calls for a Really Big Drink!

[Lawrence of Suburbia]

In the context of the last week on an S&P 500 chart, this supposed 'really bad day' seems ... worrying.

Zoom out to year-to-date, you've gotta squint to notice it.

Losing no sleep here in Suburbia -- at the moment.

Of course, please God no chart going forward that looks like 1929-1934 ...!! My goose is truly cooked if that happens ...

[rkhusky]

Eyeing my stocks app, VTI was at about the same level on 7/8, 7/18, 7/31, and 8/15. Hopefully everyone was backing up the truck on those days too.

VTI had an RBD on August 5, 2024 when it closed at around $255.20 after trading lower during that day Today's close is up more than 6.7% from that price.

Yes, if you loaded up on 7/31, when VTI was about the same price it is now, you wouldn’t have been happy a few days later. Wonder if folks who bought extra today will be happy or sad next week?

Who’s happy and who’s sad today?

[TomatoTomahto]

Eyeing my stocks app, VTI was at about the same level on 7/8, 7/18, 7/31, and 8/15. Hopefully everyone was backing up the truck on those days too.

VTI had an RBD on August 5, 2024 when it closed at around $255.20 after trading lower during that day Today's close is up more than 6.7% from that price.

Yes, if you loaded up on 7/31, when VTI was about the same price it is now, you wouldn’t have been happy a few days later. Wonder if folks who bought extra today will be happy or sad next week?

Who’s happy and who’s sad today?

I’m happy today. I just got a new elliptical machine to replace my 26 year old one which finally gave up the ghost. Oh, you mean my net worth? Yeah, whatever.

[jebmke]

I try to find a reason to be happy every day

[Tamalak]

This series of RBD (or RBWs) wouldn't annoy me nearly so much if bond rates weren't plummeting with each one. Feels like we're losing both current value and future returns. I'm sad today!

[TheTimeLord]

Eyeing my stocks app, VTI was at about the same level on 7/8, 7/18, 7/31, and 8/15. Hopefully everyone was backing up the truck on those days too.

VTI had an RBD on August 5, 2024 when it closed at around $255.20 after trading lower during that day Today's close is up more than 6.7% from that price.

Yes, if you loaded up on 7/31, when VTI was about the same price it is now, you wouldn’t have been happy a few days later. Wonder if folks who bought extra today will be happy or sad next week?

Who’s happy and who’s sad today?

Happy.