(05-19-2022, 04:47 PM)divmenow Wrote: ROST down $21 in dismal outlook. I was going to buy $90 puts and didn’t. Damn it

Who’s next on earnings on retail?  I say buy puts in them all

(05-19-2022, 02:16 PM)crimsonghost747 Wrote:

(05-19-2022, 06:52 AM)cemanuel Wrote:

(05-18-2022, 07:12 PM)fenders53 Wrote:

(05-18-2022, 06:49 PM)cemanuel Wrote: "Last recession WSM was a $30 stock"

I know. I bought some on 3/17/20 for $32.57.

That was a nice pickup, especially considering we had no clue if the market would be halved again.

For me, I just try to buy good companies at sound price points. It is tempting to just sit but then I'll need to figure out when the bottom is being set. I'm not smart enough to do that either.

I imagine it's the same for most of us here.
I personally have a very simple strategy. I buy with X amount each month. That amount stays the same, regardless if we are hitting all time highs or in a correction like now. I usually split that between 3-4 different companies so I'm always adding to something here and there.
Then, when the prices start to be good enough, I start adding more cash (on top of the regular X) at different levels of the sp500. We haven't reached that level yet in this correction, but I'm hoping we keep going down and I can pick up some quality stuff for cheap.

(05-20-2022, 06:01 AM)cemanuel Wrote:

(05-19-2022, 02:16 PM)crimsonghost747 Wrote:

(05-19-2022, 06:52 AM)cemanuel Wrote:

(05-18-2022, 07:12 PM)fenders53 Wrote:

(05-18-2022, 06:49 PM)cemanuel Wrote: "Last recession WSM was a $30 stock"

I know. I bought some on 3/17/20 for $32.57.

That was a nice pickup, especially considering we had no clue if the market would be halved again.

For me, I just try to buy good companies at sound price points. It is tempting to just sit but then I'll need to figure out when the bottom is being set. I'm not smart enough to do that either.

I imagine it's the same for most of us here.
I personally have a very simple strategy. I buy with X amount each month. That amount stays the same, regardless if we are hitting all time highs or in a correction like now. I usually split that between 3-4 different companies so I'm always adding to something here and there.
Then, when the prices start to be good enough, I start adding more cash (on top of the regular X) at different levels of the sp500. We haven't reached that level yet in this correction, but I'm hoping we keep going down and I can pick up some quality stuff for cheap.

When I was accumulating in my taxable account I did the same. Actually it was whenever I accumulated $1k either from dividends received or my tossing a little spare cash in so I can't say it was "X amount" but same principle.

The only thing I worried about was whether something I liked was trading at or below my target price. There was never a time where I couldn't find something, even if it was adding to what I called a sluggard, such as VZ.

A lot of people get all wound up with trying to beat the market. Is it nice to outperform it? Sure, and I always have but just by a little (unless you consider yield). But really that's more an ego boost than anything for me. What I really want to do is use the market so meeting or nearly meeting its performance is fine.