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Bear Market -- When's a good time to buy and what?
Totally off topic, but I'm always looking for new insight. I'm trying to invest some of my money into the stock market, and I have a feeling that the best insertion time is still not now. I have a feeling like most others will say, wait until the coronavirus is under control/not promoting as much fear in the media.
With that established, do you guys have any suggestions on some good buying opportunities when premium stocks are at a low. I'm thinking Microsoft, Starbucks and still feeling really optimistic about Uber, maybe Carnival too (after virus disruptions are over). Obviously I'm going to do my due diligence, but like I said, I enjoy hearing other people's thoughts. Thanks! Wazoo
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T206 Collection Completion: 130/524 Hall of Fame T206's: ?/76 Back Run: 30/37 (81% Complete) Schlei (Catching) Back run: 10/12 (minus blank back) Actively collecting t206 Hall of Famers, Southern Leaguers, and Various backs in good to excellent condition. Love talking cards too. |
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As for waiting until the virus is "under control" and less fear in the media, one of Warren Buffett's most famous axioms is "Be greedy when others are fearful and fearful when others are greedy." Catching the absolute bottom of a bear market is impossible to predict, even for the best money managers.
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Flawless BST transactions with Wondo, Marslife, arcadekrazy, Moonlight Graham, Arazi4442, wrestlingcardking and Justus. Last edited by Bored5000; 02-29-2020 at 02:04 PM. |
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T206 Collection Completion: 130/524 Hall of Fame T206's: ?/76 Back Run: 30/37 (81% Complete) Schlei (Catching) Back run: 10/12 (minus blank back) Actively collecting t206 Hall of Famers, Southern Leaguers, and Various backs in good to excellent condition. Love talking cards too. |
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You need to invest now. Maybe not everything at once, in case it keeps going down, but start immediately. I'm going to suppose you are not day trading. That would require different thinking. So supposing you are buying to keep for a long time and get the dividends and stock splits, etc, buy continuously. Buying constantly is called averaging. In the long run it makes the stocks that you bought at a higher amount cheaper. That's what others are talking about telling you to invest in funds constantly. The share price changes, but it averages out. Same with stocks. Buy now. If prices drop more, invest next Monday. If prices continue to drop, buy buy buy. Sent from my SAMSUNG-SM-G930A using Tapatalk
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Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
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__________________
T206 Collection Completion: 130/524 Hall of Fame T206's: ?/76 Back Run: 30/37 (81% Complete) Schlei (Catching) Back run: 10/12 (minus blank back) Actively collecting t206 Hall of Famers, Southern Leaguers, and Various backs in good to excellent condition. Love talking cards too. |
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I keep my 401k invested in a mix of index funds and rebalance every couple months to force the account to buy high and sell low. Given it represents a more significant portion of my retirement would never consider putting any of it into individual stocks. My Roth IRA is where I let myself take some risk and make individual stock purchases. I usually pick up stocks with good dividend yields and reasonable P/E ratios when the market turns down, and then hold them until I get my targeted return. When the market tanks like it is now the majority of stocks are good options as they will rebound eventually. No one knows when the market is at the bottom so try to make the best timing decision and then hold until the market returns. Often times if I buy and the market continues to drop then I buy more of the stock I am invested in to improve my position. Good luck to you!
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As for what to buy, in the last recession some of the best performing stocks were sin stocks. Cigarettes, alcohol, casinos, etc. The other choices are good because they will eventually turn around. But if you are looking for short term performance bad habits increase in a down economy. If the market becomes bear, or worse, keep that in mind.
Sent from my SAMSUNG-SM-G930A using Tapatalk
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Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
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Im waiting until the Dow is at about 20,000...then i think you are just shooting in a barrel if you are willing to wait a few years..versus getting a percent in a CD etc..
Last edited by 1952boyntoncollector; 03-01-2020 at 09:50 PM. |
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I'm waiting until 52t mantles are no longer called his rookie card and they go to 5k
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
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Joshua,
I'll say the same thing that i tell my son who is a few years older than you, go with an index fund. One of the best investments out there now that you're entering the work force . . . put enough in your 401k to maximize the employer match. If you're looking to buy a stock low though, Enron is at an all time low! With that said, asking relative strangers for financial advice is a questionable approach for success. |
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Last edited by 1952boyntoncollector; 03-02-2020 at 01:24 PM. |
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My intentions may not have been as clear, but I kinda just wanted to pick some "stranger's" brains. I may have missed the Apple train, but who knows what's next. And that's why I added that I will do my own due diligence. Not trying to make any blind investments in the foreseeable future.
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T206 Collection Completion: 130/524 Hall of Fame T206's: ?/76 Back Run: 30/37 (81% Complete) Schlei (Catching) Back run: 10/12 (minus blank back) Actively collecting t206 Hall of Famers, Southern Leaguers, and Various backs in good to excellent condition. Love talking cards too. Last edited by wazoo; 03-02-2020 at 08:51 PM. |
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