Bought 5 shares yesterday, going to try and keep dollar cost averaging up to 25 shares.
2018 Stock Prediction
- Thread starter dmclone
- Start date
Bought 5 shares yesterday, going to try and keep dollar cost averaging up to 25 shares.
Is that 10% of your total net worth or 10% of your equities in a money market fund at your brokerage?
I always assumed it that the "cash portion" was your 6 month emergency fund. Not going to sell anything now-was thinking if dumping 1,000 shares of SIRI a month ago at $7 and didn't, now it's down to about $5.25.
I've been keeping about 25% of an IRA in cash for about 6 months. It's actually pretty stupid because I don't have any kind of plan on when to put it back into the market. I'm sure as hell not putting it back on a 3% drop. I guess if we had a 20% drop I'd probably start moving some back. I guess this is the issue with trying to catch a falling sword.
It's interesting when people say they'll buy now when this drop brought us back to the levels from about a month ago.
There haven’t been many buying opportunities in 2018. If you’re bullish then might as well put a little powder in the barrel in a 3% drop. And there were plenty of individual securities that dropped more than 3% today.
I'm a long-term investor so no selling for me. I know the ratios are still high (ba-dum!) but I'm looking at some pot stocks. Probably the MJ ETF (no fee at Vanguard).
Otherwise just the typical dollar cost averaging I do every week.
Well we got Day 2. I bailed from my SPY put options a little too early today (it was down 300 or so). I have a lot of cash in my IRA and will be looking at buying something probably over the weekend and on Monday. I want to see where it closes tomorrow.
I think this is a good strategy. However, if you want to juice returns I think what I'm going to start doing is this. Take some off the table when you start feeling good about things and add extra to your dollar cost averaging when you feel sick.
