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RE: What Did You Buy Today? - fenders53 - 03-12-2020

(03-12-2020, 11:59 AM)MikeWa Wrote:
(03-12-2020, 09:51 AM)Kerim Wrote:
(03-12-2020, 09:12 AM)fenders53 Wrote:
(03-11-2020, 05:12 PM)MikeWa Wrote: I've heard a theory that you should invest 30% of your cash with a 10% drop, next 30% after next 10% drop and another 30% after yet another 10% drop.

Nothing wrong with that plan for an extended bear market.  You have to consider your age, your personal risk tolerance,a and your best guess where we are in the business cycle.  It's easy to over think it.

I don't think a young investor should have much cash.  It's a lost opportunity longterm.  Practically zero coming out of the bear, 10% if the bull is years old and valuations stretched.  It really stinks to have no money when the market gets crushed.   I'm close to retirement.  I'll push my luck some at a time like this, but it would be nuts for me to not have enough cash for the first few years of retirement should I need it.  I want 4-5 years to ride out a beat down so my stocks can recover.  That is usually more than sufficient time.

I agree completely, but also have to factor in your own personality and comfort. I'd be worth a lot more right now if I didn't keep such a large amount of my assets in cash. My depression-era father still lurks in me I guess, but I just sleep a lot better with a big cash cushion. And it does come in handy for moments like these!

Like most here I started buying too soon, but who knew? Fortunately, because of our 401k to IRA rollover we had plenty of cash. I am buying very small amounts per transaction and over last two weeks I deployed only about 12% of our cash reserves.
I think I'll keep buying very slowly. I wish I knew what tomorrow, next few weeks and months will bring.
I think you are doing it right.  I rolled my 401K over 18 months ago and it took until now to get as invested as I should have been a year ago. I beat myself up but it's not constructive.  You don't have to get it perfect to succeed.  If you sit on your hands until stocks are 30%+ off, you might wait five or ten years, and you'll almost certainly miss some 15-20% discount sales which happen almost annually.  Just average in and sleep well.  There are some bargains out there now and trying to catch the bottom is a fools errand.  You'll accidentally catch the bottom with some shares.  That's all we can hope for.  You know you won't time the market consistently enough to make it the best plan over time.  Millions have tried.

RE: What Did You Buy Today? - divmenow - 03-12-2020

added to MO, ABBV, UPS, GD. Some 50 shares and some as little as 10 shares lol

If you own FUN it sure hasn't been FUN LOL. If it goes under $20 I may actually buy it. I sold it earlier this year at $58

Write 100 of the best stock names on a piece of paper and place them in a hat. Then pick out 5. Those are the ones you buy lol. Mine as well

BTW It says I'm a 'Posting Freak" Love the title and 5 stars haha

RE: What Did You Buy Today? - fenders53 - 03-12-2020

(03-12-2020, 12:36 PM)divmenow Wrote: added to MO, ABBV, UPS, GD. Some 50 shares and some as little as 10 shares lol

If you own FUN it sure hasn't been FUN LOL. If it goes under $20 I may actually buy it. I sold it earlier this year at $58

Write 100 of the best stock names on a piece of paper and place them in a hat. Then pick out 5. Those are the ones you buy lol. Mine as well

BTW It says I'm a 'Posting Freak" Love the title and 5 stars haha

Git you some FUN lol.  I got a smoking deal on some shares today, and yesterday, and a couple times last week lol.  I am near a full position and trying to go too crazy.  (it used to be a full position anyway).  The far price drop is incredible.  I'm not suggesting  anyone should take Gramma there for Memorial Day, but Cedar Fair will be OK.  They could cut the DIV by 2/3rds and it would still be a deal right now IMO.  It won't stay down here until the all clear is common knowledge.

RE: What Did You Buy Today? - EricL - 03-12-2020

With a BB credit rating and 100% debt/cap, I'd be more worried about FUN going bankrupt than cutting its dividend.

Amusement parks in this environment?

RE: What Did You Buy Today? - fenders53 - 03-12-2020

(03-12-2020, 01:20 PM)EricL Wrote: With a BB credit rating and 100% debt/cap, I'd be more worried about FUN going bankrupt than cutting its dividend.

Amusement parks in this environment?
It's one of my very few spec stocks and discounted for the environment risk at this point IMO.  That's where this discussion belongs although they have been a good DGI/income stock. I should have pointed that out. They have considerable real estate (high rent district CA) if they get desperate and need to liquidate something.  It's a high capital business for sure.  They own/operate about 14 amusement parks including waterparks, five hotels etc. That's the Moat or FUN and SIX would have more competition in the day trip amusement park niche. In all honesty I did think the downside risk was $25 at worst. Who knows where it bottoms in this market? I have a number of stocks with solid balance sheets with scary SPs right now. BTW, ppcian has a popular DGI channel on youtube. He does fairly detailed discussions of his 45 or so holdings and FUN has been raising his eyebrows the last few quarters. Said he isn't buying at this time (It was $50 then). Also says she won't sell it either, but that's easier when your cost basis is sub ten bucks and you already collected that in dividends lol. Thanks for keeping an eye on us Eric.

@divemenow- Way to go buddy. You got us busted by the forum auditor lol. Smile

RE: What Did You Buy Today? - pdaignau - 03-12-2020

Bought a few shares of DIS, JPM, MSFT.  It's hard not to buy more, but I think things are going to get worse.  I'll keep buying a little at a time for each notable drop.

Thank you,
Paul

What Did You Buy Today? - vbin - 03-12-2020

Market isn't panicking. It's a reaction to reality. Italy also thought the same initially. Look where it is today. U.S.A is not prepared atall to deal with the incoming crises. 2 weeks from now u r looking at 20k more patients. How the system will deal with it if that number reaches 100k, and it might becouse a lot of people is u.s.a don't have health care or access to docs , they will simply become super spreaders.

RE: What Did You Buy Today? - fenders53 - 03-12-2020

Added to my UTEs today, NEE-AEP-D-ALE-EXC-PPL I sold most of them weeks ago and putting it back so I'm not tempted to buy any more industrials. For now I think I will stick with UTEs and Pharma for any further small investments since they are not very sensitive to the economy.

RE: What Did You Buy Today? - Binary - 03-12-2020

What a long and great list!Smile
BA after 3 years, CBRL, CMI, GD, LEG, MAIN, MMM, NTRS for the first time, OMC, PII for the first time, PM, TROW, TXN after 1 or so year, WPC after 2 or so years

RE: What Did You Buy Today? - MikeWa - 03-12-2020

Added to PG, JNJ, T, CM, MO, PFE

RE: What Did You Buy Today? - rayray - 03-13-2020

added

XOM
RDS.B
WMB
BMY
AVGO

RE: What Did You Buy Today? - pdaignau - 03-13-2020

Added a few shares of DIS, AVGO, JPM
Started a small position in VTR