Yesterday: “I added a miniscule amount of vug (Vanguard Growth etf) to my port today for $255/share because it is down 20% from its recent highs at the end of last year, and because growth stocks may still be ok for the long haul. If mungo’s 99 day rule kicks in I plan to add a little more.”
This morning I am looking at an early morning premarket bounce of about 3% that could easily disappear by open. Or not. If all goes well from a long term perspective, we will have more washouts during the year which will allow me to deploy some of my excess cash when stocks have become affordable sometime this year - or next. If the market refuses to fall further in the near future, I will continue to hold ‘too much cash’.
I am still thinking that there will be a much steeper decline in stock prices sometime this year that will offer me some buying opportunities for my long run holdings.