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
Happy Fooliversary, Matt.
Nice balloons!
You’ve had such an impact in a few short years! Congratulations.
Thanks and best wishes,
TMFDatabaseBob
See my holdings here: http://my.fool.com/profile/TMFDatabasebob/info.aspx
Peace on Earth
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