Most of my disposable cash is tied up and earmarked for other things. Best I can do is start slanting my retirement contributions towards mostly stocks rather than the safe stuff and buying into this decline. Will also throw any meager winfalls that come in like local tax refund into my taxable mutual fund. Really wish I had like 100K just lying around to play with, I'd periodically start putting chunks of it in for every time the major indices dropped x-amount of points.
Down market: Am I the only one wishing they had a ton of cash on the side lines?
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1,268 Posts
Don't be too quick to jump into the market...There is lots of turmoil ahead and the market may continue downward for quite some time......
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435 Posts
europe economy is not going down the toilet. buying euros seems good right now, but then the way its going our dollars might be stronger then the euros in no time. the last time we the dollars were stronger then the euros where like in the 80's or early 90s not sure.
last time i was in germany, which was in 07 i traded 100 u.s. dollars and got back 70 euros. sucks. but it seems like our money is getting stronger
last time i was in germany, which was in 07 i traded 100 u.s. dollars and got back 70 euros. sucks. but it seems like our money is getting stronger
Euro is supposed to go to 1.10 to the US dollar... 10% more to go before a rebound... Too voltile right now. Also, major players think DOW will got to at least 8,000 and some think even to 5,000... The recent spike was artificial and for profit taking...
Now back to the real economy...
Do what you want, but don't come a crying if ya' lose everything.
Now back to the real economy...
Do what you want, but don't come a crying if ya' lose everything.
No worries. I'm over 20 years from retirement and never have put money in that I might need next week to pay the bills. Right now the strategy is to gradually start increasing future stock allocations in my retirement plan then actually shift money in if it seems to get really gets bad. There is more money in the picture, but not money I can do without for a few years so I'm not betting any heavier than that yet.
Major plays say all kinds of things because they are not considered major players if they don't stand up there and make predictions. Doesn't mean they're right or that they know what their talking about. On a down week some say it's going down further, some say it'll bounce. On an up week some say it'll go up more, others say we'll hit a ceiling. It actually amuses me, we'll have a couple bad days then people will be predicting a huge drop, then when it rebounds the same people will say things are looking good.
I think the number of people who actually have a good idea of where we'll be a year from now is significantly smaller than the number of people who make predictions. Not going all in as I know we still might have more to drop but I figure a good compromise is to gradually start moving new money that way and ratchet it up the further we drop. Being excited at the same time everyone else is doesn't seem to work. The new strategy is to get excited when everyone else is a little pessimistic, and to get REALLY excited when people predict doomsday.
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736 Posts
if the tundra keeps doing what it does it should drop and you invest in a tundra only dealership and make FAT CASH!!!
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2,058 Posts
Maybe I'm not in the majority but I love it when the stock market goes down, it allows my dollar to buy many more shares at a sale price. I bought Ford @ $1.50 and sold at $12, took that and bought Citi stock @ $3 (which is still a fantastic price compared to the other banks). Hoping Ford drops back down so I can buy another $10k in shares 
All these people that lost their retirement did not have it allocated properly, be aggressive when you're young and as you get closer and closer move your funds from stocks to bonds.
All these people that lost their retirement did not have it allocated properly, be aggressive when you're young and as you get closer and closer move your funds from stocks to bonds.
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435 Posts
wat other stocks are you looking at?Maybe I'm not in the majority but I love it when the stock market goes down, it allows my dollar to buy many more shares at a sale price. I bought Ford @ $1.50 and sold at $12, took that and bought Citi stock @ $3 (which is still a fantastic price compared to the other banks). Hoping Ford drops back down so I can buy another $10k in shares
All these people that lost their retirement did not have it allocated properly, be aggressive when you're young and as you get closer and closer move your funds from stocks to bonds.
:tu:
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736 Posts
fannie mae and freedie mac are good buys
wat other stocks are you looking at?
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3,602 Posts
Good moves - I spent a bunch on Ford then sold it all and broke even when it was fluctuating around $1 --- needed the cash for other things anyhow. I think Ford is still a good buy at $12 right now, especially with their new engines coming out and their new "world" platform cars like the Fiesta coming out. Too bad my play money is all tied up in other things (like saving for a new house)... My father-in-law sunk about $10k+ in Ford stock back when it was $1/share... nothin like turning $10k into $120k :tu:Maybe I'm not in the majority but I love it when the stock market goes down, it allows my dollar to buy many more shares at a sale price. I bought Ford @ $1.50 and sold at $12, took that and bought Citi stock @ $3 (which is still a fantastic price compared to the other banks). Hoping Ford drops back down so I can buy another $10k in shares
All these people that lost their retirement did not have it allocated properly, be aggressive when you're young and as you get closer and closer move your funds from stocks to bonds.
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435 Posts
damn i wished i had gotten ford at 1.50! i alway wished i had 10k to play around with too.
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1,132 Posts
im about to dump 100k on a house myself. im not going to bother playing around in the market much more for awhile. ive got 40k tied up in comodities(oil), and im just going to leave that alone for the next 5 years at least.
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2,058 Posts
Based on historical prices I don't think Ford has as much growth potential @ $12 as Citi has @ $3. I bought a bunch of Toyota in the 70's but it's going to be awhile before it gets above $100 again. I was actually hoping after this whole recall that Toyota stocks would go rock bottom, I would have dropped $100k into them. Unfortunate :td:
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