There was some renegade trader who put it all on the line going short when the market was around 28k and he was lauded as a start when the market kept falling.
I think at around 25k he said now it was time to buy.
He was wrong.
I have a few bucks to invest but i have no idea where any of this is going. Not a large amount.
And I don’t want it to be less after a week
I have a few bucks to invest but i have no idea where any of this is going.
We’re about half way to where we are going. There will be financial and political aftershocks for months and years once the Wu Flu Panic of 2020 blows over.
Somebody mentioned S&P 2100 as a good buy-in point, Why?
Thats what it would take to wipe out all the gains since Trump was elected.
I am looking pretty seriously at that number, because something is rotten here.
Money is something you need if you do not die tomorrow. That said look at the end point of this panic. Either we are all dead and money is worth nothing to you or things get back on track. So pick a point and buy something. The turn will be at hand when companies buy their own stock. When the intrinsic value of there assets exceeds by a lot their capitalization they buy. Happened in 87 and will happen again. The problem will be that we are rapidly debasing our money with sending out checks to all.
I have a few bucks to invest but i have no idea where any of this is going. Not a large amount.
And I don’t want it to be less after a week
...
There’s always dollar cost averaging, because nobody rings a bell at the bottom, and a lot of brokers no longer charge commissions. If you’re worried about being down in a week then you’re not investing, and should lock your money in a safe.
eventually this crisis will be over, If you can stomach the volatility jump in an ride it out.
I am looking at a few companies, mostly long time large cap stocks in strategic industries that are trading below their 52 high....and has a dividend history...
I bought General Electric today at barely over $6/share, Ford is trading at close to $4/share...and 3M is trading at almost $90 below it’s 52 week high....
Three knock-out criteria for investing:
1.You have only a "few buck," or "not a large amount." (Read: Can't diversify; can't make follow-up purchases of stock should it continue its downward spiral; will get "eaten up" by fees and charges.)
2. Don't want it to lessen in the short term. (I.e., can't "wait out" a continuation of today's bad spell and/or possible future dips.)
3. "Have no idea" where the market is going.
Regards,
All depends on how long you can tie down your money in the stock market. If you can wait 3+ years, right now is a better time to buy than has been for 4 years in the past.
I am buying in 10 equal steps spread over a few weeks.