(12-03-2021, 01:25 PM)divmenow Wrote: ................. So choose wiselyI know you keep your head, and sometimes I do whizz in the bull punch bowl a little too much.
Nobody knows if the market will launch higher next week, or get beat up for weeks or months. I am betting on weeks. I may be dead wrong. If FANG capitulates we got a problem but I doubt it happens. If you just gotta buy now, then flight to quality almost always works when others are scared. Tempted by that SPEC stock that has now earnings and big debt, but it is down 50%? Yes it can still go much lower and you won't likely time the bottom. Humor yourself and buy a couple hundred bucks now if you like. Put the rest in quality. If I ran out of cash I'd have no problem selling some JNJ or XOM 5% down to buy a solid tech stock that gets hit 25% a few weeks from now if this continues.I have too much cash now because I am getting ready to retire. I might buy a few shares a day of expensive tickers but I am going slow. I don't care if I time the bottom because I will get caught sucking my thumb miss if I try. I jumped into the Covid dip too fast so slower this time. Another thing that keeps me calm is I don't own trash I am afraid to buy more of if it truly crashes. Well maybe 3% of my port is in scary stuff. My SOFI put sells are starting to smell but I did wait for the big beating to slow down.
If you are completely invested already, great, just go golfing or ice fishing. You don't have to stare at the market to be a successful investor. This thread is for those of us who enjoy trying to outsmart the market with some of our money. We'll win some and well lose some.