Stock market

[Jcjohnson]

Well with the corona virus doing it’s thing to the market was curious what the savy folks are doing with their stocks?

[JLivi1224]

Wait it out and buy low. IMO, it’ll continue to go down before turning around.

Disclaimer - I’m not the savvy guy you’re after. Haha

[Jcjohnson]

Yes sir, I’m a rookie at this stuff though. How do you play the waiting game?

[wthunter]

I’ve sold nothing and late in the week established small positions in three stocks. All pay some dividends, so that seemed a reasonable move. Many stocks were up marginally after hours Friday, but I don’t know that means we’ll see a rebound tomorrow. With the virus news being so fluid, what I don’t know would fill the Grand Canyon. Guess you also could say that about most other investors.

[timoub007]

The way to win is buy low, buy continuously and never sell when you do not need the money. It goes up over the long haul with gyrations along the way.

I bought some XOM & HP (not the computer company) Friday because with their depressed prices they had a dividend yield of over 7%. I'm fine getting paid to wait at 7%+. Now here's hoping that they do not cut their dividend. LOL

Again I am not an expert but have had a lot on the sidelines for 6-7 months now waiting for a pull back. I missed a portion of the glorious run up trying to time my reentry after making a broker change. So I am happy for the correction personally.

T

[deerwatcher51]

Yep, it’s buying season.

[Jcjohnson]

Thanks for the response guys, keep them coming plz!!

[Huntingfool]

depends on where you are in your investing life - if you are 10-30 plus years out from using your money for retirement then just ride it out. In 2008 the market lost 40-50% of
its value but roared back and recovered everything plus much more.

If you are within 5 years of using the money for retirement or already into retirement then it could be a tough go - should be a lesson that over exposure to the market can be costly - virus or not a correction was overdue.

https://www.yahoo.com/money/coronavirus-retirement-savings-what-to-do-171430757.html

[arrowsmack324]

I'm sure there are some who are getting filthy rich to the extent maybe the whole coronavirus pandemic was started for this purpose.

[RiverRat1]

Well with the corona virus doing it’s thing to the market was curious what the savy folks are doing with their stocks?

While it is very hard to time markets they do sometimes give you an off balanced risk/reward one can take advantage of.

https://discussions.texasbowhunter.com/forums/showthread.php?t=758290

IMO - After it just fell 10+% it's too risky to sell. Just look for good buy in prices.

We are about to start releasing true infected numbers here IMO. Stock market may dive this week..

But on the flip side China is recovering so we now have a time line which should remove a lot of the fear. If China infection rate was still rising then everyone would really be scared.

[rtp]

Ive established buying positions for each day of this coming week. If it comes roaring back early in the week, I will pull back on buying later in the week. If it continues to plunge, I will hold back on my buying some until the next week. It is a fluid situation right now but I think making some buys over a period of time is the way to go.

[bowhuntvideo]

My daughter just received the largest bonus of her career last week. She called for advice and I suggested she sit tight and ride it out with her existing assets. Wait a bit then begin to ladder in 10 percent of your cash weekly.

While no one can predict the bottom I will wait till the news cycle stabilizes a bit and we see a couple of positive days in the market. I would not try to catch a “falling knife”.

Not that I am a financial genius but as I told the young guys at the Texas Shootout who were complaining about having to get back to work on Monday - work hard for 40 yrs, save more than you spend and you too can hunt whenever you choose. It’s really that easy.


Sent from my iPhone using Tapatalk

[coker737]

Just wait. Do nothing...It will come back

[Jcjohnson]

Is here something to buy into while it’s low?

[Abcdj]

Were small apples in the market. My wife has retired and I have 4 more years. So we are late in the investing game.
2019 was off the charts for us market wise. A correction was coming according to all the experts. We made about 28k in 19. Then from last December till this past Friday we had lost 5.5% of that profit. So still being up at our highest earnings ever we decided to sell everything! We guessed that with the virus thing and election coming up the correction might last till June or longer.

For years we would make a lttle, loose a little and we did do the steady climb thing. Like I mentioned. We didnt have a lot of money so its hard to make a lot of money. We were always sweating loosing 5k here or there. Its hard to put it away in the back of your mind and forget about it.

We made the call we thought was best for us at our time in our lives. I see it no different as walking into a casino getting up and leaving when your up and walking away. <<Disclaimer, never happens to me. But sounds good.