What Did You Buy Today?

[Otter]

(02-12-2019, 11:58 AM)fenders53 Wrote:

(02-12-2019, 11:42 AM)Otter Wrote:

(02-12-2019, 11:35 AM)vbin Wrote: Given current market, I want to take money off the table from volatile stocks whenever there is an opportunity. FB will provide another opportunity to enter again

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I have done this in my 401k, which is 90% ultrashort bond fund at the moment. The DGI stuff in taxable accounts I just allow to keep doing their thing.

Vanguard ultra-short bond fund is where I have been hiding my Div and options selling premiums.  Money I may choose to use in 2022-23.  The fund's yield is pretty much a given but I sure never expected the share price to rise like it has lately.  My very high div stocks are flying too.  The market may be running but people are scared IMO.

I went heavy into the ultrashort funds at the end of last August. Just saw this article on SA:

https://seekingalpha.com/news/3432192-in...-bear-baml

Love the bullet-point for "contrarian buy signal." Gotta reel in the retail suckers for the blowoff top. However high that top may be, I can't see the risk/reward being anywhere close to 2009-2017 gains for whatever remaining time there is in this historically long bull market. Happy to leave my 401k assets in cash equivalents on the sideline and find a better buy-in point than S&P 500 P/E and Shiller P/E ratios that are near historic highs.