What I Am Buying Today.

[fenders53]

(04-29-2022, 04:35 PM)Marknew Wrote: Worst day ever in 25 years. Lost 40k today. Ouch

I think the computer bots were at work today. Seriously!! I heard numerous reports today. This is what happens when you have computers acting as the market maker. This is why the young kids say it's rigged.

I spent all my cash 2 days ago. So I have no choice but to stay the course. I own great companies that will take a while to comer back. Maybe years These are dividend payers at 2.5%. Maybe in 5 years they will be ahead. Who knows.

I cant tell you how many &P stocks I own that hit news lows today and none of them are tech. I only own about 1% tech.

I had added CMCSA, CMI, SCHW, CM, SWK, AOS and others, . It's easy to loss 40k in a day when you hold 100-500 shares of each company.

Worst April in 22 years … Thanks Joe

BTW did Ken jump out a window yet. He's got to be getting crushed like me

Hang in there.  I don't think I have ever had a -40K day but definitely some -40K weeks through the years.  It's good you have dividend payers.  That will help with the recovery if this goes on for long.  Unfortunately there is no way to know if we are only halfway corrected.  Covid crash took me down $150K and it took nearly a year to fully recover.  I let it run awhile last year then had to get in retirement mode.  I cut way back on my long positions and my port is very defensive.  I own a lot of oil, and my long positions have covered calls sold against them.  I use a lot of my money to back up covered put sells.  I have time to stare at the computer all day and take profits on the volatility this year.  I have been clearing about $10K/month in option income this year. More than that during MAR/APR.  Sounds pretty good right?  Not good enough, I am still down 3% off all-time high.  I was at ATH last THU.  It lasted about 15 minutes.  Last THU-FRI I got destroyed in a day and a half.  This week down only .7% but option income shielded the losses again.