What Did You Buy Today?

[crimsonghost747]

(07-23-2016, 10:05 AM)rayray Wrote: I looked back 10 years on my portfolio and I noticed I never had more then 7 months of positive gains, right now, I'm at 6 months of gains. I realize that it's a market of stocks and not a stock market but I've been waiting for a correction for about 3 years, we had one in oil, but not an overall correction. I think we're due and I'm sitting on 25% cash. And I never sit on cash, ever.

Unless it's a nice margin of safety I'm not buying anything.

I'm kind of struggling with this too. I've been without much income for the past year so buys have been really limited, now I've signed a short term contract with a very nice salary... so I'm really behind on my investments and now I will have the opportunity to catch up but the prices are really high. And as I said, it's potentially a really short stint so I can't count on having a good income long-term.

It's hard to find great deals in today's market. Then again I've been saying that for 1.5 years now. I remember posting here about how I bought some more RTN at $115 and how I felt horrible buying it at ATH... looking back at it, it doesn't look like such a big mistake now. And I know that in 20 years I can look back and say that it was a good buy. So I think I'm still keeping that approach, while the valuations are not where I would like to see them, I still think that in the long run most of the investments which I make will be good ones. I might get them cheaper if I wait a few months, I might not be able to get them for this price ever again. As we all know, it's hard to time the market.

I certainly haven't made up my mind as to how to utilise my salary. But a part of it will get invested, even at current prices.