(09-01-2015, 09:30 PM)ronn38 Wrote: I don't feel I reacted well during Monday and Tuesday. I had accumulated about 10% of my equity portfolio in cash, ready to move oil. Then the drop came, and instead of takign the opportunity to ease into other positions as had been eyeing for years...I just kind of...well, looked on dumbfounded. I even stalled on energy!
I listened to the "doomsday hype" and kept waiting. Sure, I put limit orders on lots of things, but at doomsday prices... not at real-world dip prices.
On the positive, I lost no capitol--but I believe I missed some wonderful opportunities. So, lesson learned--$2500 of a great company at a great price is better than $2500 in the bank.
Ronn
Well, I would have had no problem going in and buying on this dip but since I'm in the middle of a new driveway/front walk way I just kind of sat there and thought son-of-a-gun now this dip happens? If I didn't hate loans so much I would have been able to allocate these funds, but hindsight being 20/20 those funds would have been allocated several moons ago since I'm not big sitting on cash. So, either way I was missing this dip, luckily I invest weekly no matter what the market does.