Community Forums

shootist · 03-18-2020, 08:42 PM

So, just curious, we've seen these crashes before and there's always a quick rebound of some sort. Has anyone jumped in the market? What sectors are you buying?

Nwcid · 03-18-2020, 08:51 PM

Not yet, but we will be. Not sure in what areas yet.

shootist · 03-18-2020, 08:57 PM

Quote:

Originally Posted by Nwcid

Not yet, but we will be. Not sure in what areas yet.

Major oil is what looked good today. 20 a barrel is way cheaper than cheap. The stocks dropped accordingly

norcal2 · 03-18-2020, 08:58 PM

Yes Im buying..dont know when the bottom will hit at the same time went through 87 and the rest of the ups and downs and the market does recover..never sell in a down market...you will regret..

Quote:

Originally Posted by Nwcid

Not yet, but we will be. Not sure in what areas yet.

wildcatter · 03-18-2020, 09:10 PM

I pulled my money out about a week before it started to tank, I will keep it out until I see the upward trend, it is a good time to make good investments one the market starts going back up.

ByeTheWay · 03-18-2020, 09:13 PM

Has anyone jumped in the market?

Yep!!

Nwcid · 03-18-2020, 09:13 PM

Oil is looking real good for sure.

I will not be selling. We are young enough that we have time. On the other hand if things get so bad they are not coming up the $ will be in real trouble anyhow.

We have a decent cash reserve and we were planning on a purchase soon, but that is on hold. When things start to recover, moving that money into the market will really pay off.

We are also considering real estate in about a year.

Ohio Snake · 03-18-2020, 09:23 PM

Out temporarily on most equites...bought Moderna and Gilead Sciences a few weeks ago. These are the companies with best promise to a vaccine so far.

Using Short Duration Bonds for the majority.

**NLOVNIT** · 03-18-2020, 10:00 PM

The holdings in my IRA are automatically rebalanced about every 6 months. Last week, I saw 12 pages of trades in my portfolio indicating a shift from bond funds to stocks. So whenever stocks start to rise (sure may be a while yet), I'll be poised & ready.

Lori-

ThomB · 03-19-2020, 06:33 AM

I closed an old 401k out into an IRA and hadn't invested it yet. Probably one of my better moves (which doesn't happen often). I'm researching where to stick it once the market starts to rebound.

RI Expat · 03-19-2020, 06:40 AM

My 401K has dropped into a 301K the current sinking value means that I am going to have to die four years earlier than planned!

My holdings are diversified and holding is the smartest answer right now.

hedhunter9 · 03-19-2020, 08:02 AM

My Roth IRA has dropped 60%. I bought some last week.. Too early.. I still have some cash sitting but will wait till I see a confirmation we have bottomed.. I owned too many REIT and Mortgage Co's that pay 10% dividends and got killed with them dropping 20% several different days..
Scary times..
Bob

Toby Dog · 03-20-2020, 06:58 AM

I'm leaving our taxable withdrawal accounts alone but when the market started getting jumpy after the early 2019 rebound I pulled all of our Roth money out and put it in a Capital1 interest paying account. Of course that account no longer pays the same interest but it hasn't lost anything either and is liquid if we need it.

Shmelton · 03-20-2020, 07:09 AM

I’ve been buying GE, and Jet Blue. I’ve always done well with those 2. I sold them when I was able to make a good profit last yr. I stored the money away, and just reinvested all of it in them again.