(05-12-2022, 05:22 AM)rayray Wrote: idk--i'd say we're not at the bottom but at this point? might as well go at it imho

say we go another 10 or 15% or hover in and around a certain spot for a while, accumulation is key--my experience has taught me close enough to the bottom is good enough, and it doesn't take as much as you think to turn a little money into good to great gains in time

(05-13-2022, 04:42 AM)fenders53 Wrote:

(05-12-2022, 05:22 AM)rayray Wrote: idk--i'd say we're not at the bottom but at this point? might as well go at it imho

say we go another 10 or 15% or hover in and around a certain spot for a while, accumulation is key--my experience has taught me close enough to the bottom is good enough, and it doesn't take as much as you think to turn a little money into good to great gains in time

I agree, as long as you avoid loading on on the same trash that bit you in the first place.  I see new investors making the same mistake I did in 2000.  Trying to catch the knife on stocks down 50%+ because it looks like a better deal than quality stocks down much less.  Unfortunately too much of the trash never recovers or gets acquired for a small fraction of it's previous high.  A long way if saying if you failed to sell spec stocks when you should have, just ignore them if you don't want to sell them now. Luckily I sold mine while profitable.  Not because I am brilliant, but because I knew I paid too much and was simply scared to hold them for long.

(05-12-2022, 07:16 AM)divmenow Wrote: Buying some DIS under $97 today for the kids.

(05-13-2022, 05:14 AM)rayray Wrote:

(05-13-2022, 04:42 AM)fenders53 Wrote:

(05-12-2022, 05:22 AM)rayray Wrote: idk--i'd say we're not at the bottom but at this point? might as well go at it imho

say we go another 10 or 15% or hover in and around a certain spot for a while, accumulation is key--my experience has taught me close enough to the bottom is good enough, and it doesn't take as much as you think to turn a little money into good to great gains in time

I agree, as long as you avoid loading on on the same trash that bit you in the first place.  I see new investors making the same mistake I did in 2000.  Trying to catch the knife on stocks down 50%+ because it looks like a better deal than quality stocks down much less.  Unfortunately too much of the trash never recovers or gets acquired for a small fraction of it's previous high.  A long way if saying if you failed to sell spec stocks when you should have, just ignore them if you don't want to sell them now. Luckily I sold mine while profitable.  Not because I am brilliant, but because I knew I paid too much and was simply scared to hold them for long.

that's absolutely true, now is the time to acquire quality, a great time

the one thing i'm not sold on is with higher interest rates, the worse it is for tech--i believe no matter where the rates settle at, tech with loads of cash are a lot better buys at the moment--innovative companies with the ability of making loads of cash are good to great investments imho

BUT--i'm talking about companies that have the ability to MAKE A LOT OF CASH

i'm a big fan of google, amazon, apple and to a certain degree facebook--i think facebook will figure it out

(05-16-2022, 08:50 AM)divmenow Wrote: Bought 1 share of BLK. Going to slowly build a position.