SD_Prairie_Goat
Well-known member
Chasing the bottom isn't ultimately what I'm employing.
I have a pile of cash but want to reduce my risk during these volitile times by spreading out my buys so hopefully I don't catch either extreme
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
I have a pile of cash but want to reduce my risk during these volitile times by spreading out my buys so hopefully I don't catch either extreme
A bit premature I’d say but hey maybe if you keep buying on the way down it’s not chasing bottom?
Similar to chasing the bandwagon.
SD_Prairie_Goat
Well-known member
Hard to predict when the right time is...
that being said I don't believe in sitting on the sidelines as will resulting in watching gains that could have been.At this point I have 25 buy in events. And a money horizon in the decades so the actual point doesn't matter a ton in the grand scheme of life but helps me feel a little better if I get a few right
Exactly like I said with dividendsHard to predict when the right time is...
At this point I have 25 buy in events. And a money horizon in the decades so the actual point doesn't matter a ton in the grand scheme of life but helps me feel a little better if I get a few right
Interesting to think, this thread started February 2020.
A favorite reminder, one of several from Warren Buffett books, he wrote a simple op-ed for NY Times that cycles through my screen saver. I narrowed down to the basis of his point and the portion fits best here (See complete op-ed attached pdf for the complete version).
Also, mind you, this is from 2008. I'd say he is SPOT ON!
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over."
A favorite reminder, one of several from Warren Buffett books, he wrote a simple op-ed for NY Times that cycles through my screen saver. I narrowed down to the basis of his point and the portion fits best here (See complete op-ed attached pdf for the complete version).
Also, mind you, this is from 2008. I'd say he is SPOT ON!
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over."
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