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What Did You Buy Today?
Started LMT
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bought USB today. A new position, but a smaller one.
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(03-15-2019, 11:44 AM)vbin Wrote:
(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?

I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.
Which CD did you buy?

Sent from my Pixel 3 XL using Tapatalk
The highest 12 month CD rate I found was with the Ally bank. High Yield CD, 12 month has an APY of 2.75%, which is not bad.

They also have an Online Savings account with 2.20% APY.
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Thanks for sharing.

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(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing......

IMO good call on locking it in because I will be amazed if 3% risk free lasts. Week by week I have gradually moved in the same direction. Most of the "cheap" stocks look like damaged goods to me. Stocks are running because the market thinks they will probably hit the downgraded forecasts. Are these by chance the same earnings forecast numbers that got those same stocks killed in DEC? The market is amazing sometimes.

I have plenty of money in CD like investments so I mixed it up some this week. Added a lot more to my ultra short bond fund. A couple percent of the port in a short term bond fund, and just a dab of a Vanguard junk bonds fund just for fun as I have never done that. Their version of risky anyway. Vanguard is not good at letting their hair down lol. I'll always stay in the market but this just feels like a good time for some dry powder, whether I use it in a month or a year.
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(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?

I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.

Out of curiosity, when you said you went 40% cash does that mean you sold 40% of your securities?
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Added to ETN
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(03-18-2019, 05:35 AM)rayray Wrote:
(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?

I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.

Out of curiosity, when you said you went 40% cash does that mean you sold 40% of your securities?

I know you weren't asking me, but the forum is slow so I'll answer anyway.  Smile  At this stage of my life I try to stay between 40-60% in equities.  60 is a little much at this part of the cycle, because I intend to fully retire again in under 5 years.  All IMO or course. Let this market crash in a big way and I might nibble my way back to 70%. Cross that bridge when I come to it.

For decades before that it was 90-100% in stocks.  I might adjust by owning 100 shares of AAPL now instead of 90, or 120 last month.  Move a few $K in or out of my Index funds every few weeks if  they keep running hard in one direction or the other.  Maybe throw new money into a cash like account instead an wait to average in.  In any event I try to move slowly as I will never get it exactly right.  Averaging on the way out is just as sound as averaging in IMO.  What I never do is sit anywhere near all cash waiting for the big crash.  Over decades that will cost you most than if you just endured the crash in the first place.  You can call what I do market timing.  I prefer to call it hedging my bet.  An attempt to not be too greedy or fearful, and never abandon my investment strategy for those same emotional reasons. What I know for sure is I sure enjoyed buying very low with the emergency fund after the financial crisis. That didn't happen after the dot-com bubble, as I was all in and devastated already. It sucked.
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(03-18-2019, 05:35 AM)rayray Wrote:
(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?

I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.

Out of curiosity, when you said you went 40% cash does that mean you sold 40% of your securities?

That is correct. I sold about 18 stocks and will keep the cash until I see better buying opportunities come along. The rest I put into a CD for 3 years. SO right now I’m 60% stocks, 40% cash and 10% bonds and Cd’s. This is first time in like 5 years I have had more then 25% cash on hand.
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(03-18-2019, 03:03 PM)divmenow Wrote:
(03-18-2019, 05:35 AM)rayray Wrote:
(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?

I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.

Out of curiosity, when you said you went 40% cash does that mean you sold 40% of your securities?

That is correct. I sold about 18 stocks and will keep the cash until I see better buying opportunities come along. The rest I put into a CD for 3 years. SO right now I’m 60% stocks, 40% cash and 10% bonds and Cd’s. This is first time in like 5 years I have had more then 25% cash on hand.
That's a big move. Would you mind sharing the tickers you cashed out of?
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