I’m only down 2.33%. It would be nice to see a 25-30% drop!
Fool on,
mazske
All holdings are listed in my profile
Probably my largest single-day loss ever. So what? When the whole market moves down like this I really couldn’t care less. Politicians bickering is nothing new. My stocks are not magically bad investments because the nation is having a collective panic attack. This isn’t even enough yet to create interesting buying opportunities, given the recent market gains!
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Down 2.86% for me. This could be the correction especially if there is uncertainty around the office of the president. Looking for some arbitrage between my positions. The timing is a bit annoying as I needed to pull cash from the marktet. Oh well - maybe from my HK port.
If one of the big boys makes it a Long way down I could be tempted - Nvidia, Amazon or Facebook. Also getting tempted by BOFI re-entry although the risk cloud is still there!
A
1 Like
Down just over 3%
I have no idea.
I know I have taken a big hit in AT&T.
My Saul port took a hit, but how am I going to grab HUBS cheap if the market doesn’t throw a hissy fit.
My conservative aggressive port, which now consists of googl and 90 percent cash took a hit, but I have a buy on googl at 900 and and sniffing around Apple at 130 or so.
Cheers
Qazulight
2.56%
And it wasn’t just my growth stocks. Corning, CVS, MSFT all took good-sized hits too.
But, like someone above said, not even close to providing good buying opportunities yet.
On my watch list if things start to really drop: More FB, more AMZN, more GOOGL, more PYPL, V, JNJ, HD, NVDA.
Matt
Long AMZN, CVS, FB, GLW, GOOGL, MSFT, PYPL
MasterCard (MA), Nestle (NSRGY), PayPal (PYPL), and Verizon (VZ) Ticker Guide
See all my holdings at http://my.fool.com/profile/CMFCochrane/info.aspx
TJ
Thanks for starting the thread
So far I am staying put, but dusting off the watchlist, which primarily consists of stocks I already own.
Based on the accelerated selloff at the close, I suspect there’s more selloff to come. I welcome it.
today
Roth -2.43%
Worst offenders: LGIH, SHOP (both of which I added to last week), SWIR, HUBS
I raised cash over the last month and look forward to deploying it
Taxable -.96%
Somehow I ended up >40% cash in my taxable account after the last couple months of rebalancing/cleaning house. That, plus a QQQ put spread helped keep me afloat today. However, I was almost out of TV on some LULU Jun 62.5 puts, so I rolled to Sep for a tiny credit, thus a short stay of execution. That will hurt once assigned.
UTMA -1.99
My son’s AMZN position has grown to almost 50% of the portfolio. Until I can add to the other positions this will dominate returns for the foreseeable future. (As an aside, my 2 year old’s portfolio is up 32.3% to the S/P 13.6% over the same period - crushing my returns).
Oases of green:
CASY
VTR
AMT
So, for whatever caused this selloff…
- are people not buying on AMZN for 2 day delivery?
- will merchants stop using SHOP to optimize their platforms?
- cancelling a NFLX account anytime soon?
- will people move away from GOOGL to do searches?
- does coffee bean suddenly have better tasting coffee than SBUX?
I could go on, but you get the point
5 Likes
I’m down 2.6% with 0% in a Saul portfolio. I’m 100% in a bulwnkl portfolio which is mostly concentrated, but my style 40% Value/dividend and 60% growth. I was spanked across all of my investments. But I learned. Today I learned that political instability will cause people to stop buying cellphones, stop using any petroleum products, stop treating cancer, stop shopping on Amazon or Mercadolibre, close their Facebook accounts, stop purchasing automobile accessories, and stop using AI or cloud computing. We’re all DOOMED. RUN! RUN! RUN FOR THE HILLS!!!
Best,
bulwnkl
;o)
Full disclosure: Long everything that took a major hit today.
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I was down somewhere around 4.6%, with NVDA as ~25% of my portfolio, that was the dominant factor.
Mine is down 3.81 today. But I remain up 38% for the year. I’m not complaining at all.
Thanks, Saul!
Vivienne
I was down 3.5% in a high growth portfolio.
I get it when people say that “are merchants going to stop buying Shopify products?” and other rhetorical questions but can we just recognize that our portfolios as a whole are maybe a bit overheated at the moment? A lot of recent gains (last week it felt like I was up 1% per day) are due not to company specific growth (e.g. phones/other products being sold) but due tax reform that was expected to be passed which was priced into the market. Today there is new information and now we are less sure of a lower corporate tax rate. Tax reform and political policies do affect the market, you can’t just ignore them.
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.68%
Yawn
Okay, I think that this is the start of a correction, but I have no regrets about staying in because I had no way of telling when the run-up would end (and when the correction would start), and I have no way of telling whether the correction will last two days, or two weeks, or two months.
My portfolio peaked Tuesday at up 37.1% for the year. But a better way of thinking about it is that my portfolio was up 74.6% from the bottom of the last correction on Feb 11 last year (1 year and 3 months ago). Up 74.6% from the last correction gives me a lot of room for this one. In fact, both of those numbers give me a large cushion, and is why I invest in rapidly growing aggressive companies. I was down 4.15% yesterday, which put me where I was in the middle of last week. Shocking when it happens, but in the big picture, no big deal.
Saul
PS
The S&P 500 started the year at 2239 and closed yesterday at 2357, up 5.3%
The Russell 2000 started the year at 1357 and closed yesterday at 1356, down 0.1%
The IJS Small Cap Value started the year at 140.0 and closed yesterday at 134.7, down 3.8%
The three of them averaged up a little less than 0.5%
The IJS was down 2.4% yesterday, not too different than my aggressive stocks considering that it was already down for the year before yesterday, showing that investing in value stocks that had gone nowhere all year didn’t protect it yesterday when the market sold off.
What can I deduce from all this? First, it was a great ride from Feb 11, 2016. Second, a correction probably started. Third, you can beat the market averages.
Saul, again
35 Likes
5%
Surely hurts, compounded by the fact that I had a 4% cash position which I used to add to my SHOP position right at the top. Haha!
Bad timing.
If this is a correction then we’ve still got a ways to drop. But when the uptrend restarts, blink and you might miss it.
Gutted about my timing, but holding resolve. A correction presents an opportunity! I can harvest cash from the least volatile positions (so far SBUX and ROIC) and purchase opportunities.
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Saul,
If yesterday turns out to be the beginning of a correction, is your strategy to hold through the correction, or sell and wait for a perceived bottom?
Thank you.
sjo
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If yesterday turns out to be the beginning of a correction, is your strategy to hold through the correction, or sell and wait for a perceived bottom?
Hi sjo, Here’s what I wrote on Monday about trying to time the market. I haven’t changed my opinion since then:
Oh, I’d have to say that I am too, a bit, but I’m absolutely no good at trying to time these things. If I sold out today, it would keep going for another two weeks, and I’d see the train going on without me and I’d think I made a mistake and buy back in considerably higher than I sold, and then a few days later it would drop 15% and I’d get scared and say “What an idiot I was to get back in!” and I’d sell again. And a few days later it would start back up, but I’d say “I won’t be fooled twice!”, but then a month later a lot of my stocks would be up 20% and I’d worry and think…Well, you get the idea. I’d rather just worry about picking good companies and not have to worry about when to buy them…and sell them…and buy them again…and sell them again…and
Saul
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…precisely 0.6%, but then, it is dividend focused, versus growth focused.
Cheers!
Murph
II Community Lead
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Since I have almost half of my portfolio spread out among ETF’s, I managed to stay above the major indices. Still not pleasant to look at, but my short term portfolio actually went up yesterday. We could in for a stretch of “buying opportunities” if the headlines are any indication.
SHOP despite it’s fall, is still $20 above where I trimmed it recently. I’ll wait some more.
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“We’re all DOOMED. RUN! RUN! RUN FOR THE HILLS!!!..”
this may be said jokingly after one down day. We have been feeling pretty good these past several months (and these past several years really) and many does have a ‘margin of safety’ so we can stay put after one day mildly off.
The test will come when the market drops harder and stay down longer (a couple of years or several quarters). Then it will be a waiting game and the first one who blinks…will you be able to stay in your positions?
over the very long time (decades), we would still feel confident that it will be good.
tj
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EdmundMuskie:
0.68% down on Wed 5/17/2017? wow. which part of your portfolio composition enabled such a small drop while most of the market tanked?
I bet you may have been less up today as compared to most of us here…
tj