02-23-2022, 08:55 AM
(02-23-2022, 08:42 AM)cemanuel Wrote:There was nothing like last year in my investing career. It looked like it was all going to zero why we stayed home to die.(02-23-2022, 07:40 AM)fenders53 Wrote: I would have been excited to get the first third in and I would have a hard time dropping the last third in this market. It's just me. I'd like to think that is better than being reckless with FOMO over the course of an investing life. Sometimes I make frequent small purchases to humor myself, then try to pounce on larger dips. In any even the market is a bit oversold. I can see it rebound very soon, even if we eventually take another ride lower.
Not too far off from my feelings. I really wanted to get going yesterday and certainly didn't wait for lows - didn't buy at the day's highs either which is something. Now that I have at least some of everything I wanted, patience is much easier. Glad I consciously had a STV/FOMO "so what if it's a little high" approach to some companies. Got that mental jigsaw puzzle out of the way.
Not sure where I'll be when I start running low on cash. Suspect it'll be more like the last 5-10% rather than third but yeah, I'll likely start getting more hesitant. During COVID I made a lot of buys the week of 3/16 but held one $5k buy's worth back and didn't buy when it dropped even further the week of 3/23. Finally picked some $37 MO up with it in early May but I let the market spook me a bit there, could have gotten another double or triple.
Covid dip was rough on my port. I never hold much spec, but I had the perfect storm I had purchased a few months before. An airline, restaurant, amusement park etc. If it was a bad thing to own during a pandemic, I owned it and it got steamrolled. I sold some of them to slow the bleeding and of course they bounced back in 90 days to my amazement.