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08-08-2024, 02:07 PM
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#26 | | RS.net, helping ugly ppl have sex since 2001
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Yes, regularly contribute, dollar cost averaging. Of course.
But you'd be a fool if there was a sale on something and you needed it, to wait till a week late when it is back to regular price, when you can get it for like 25% off.
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08-08-2024, 02:44 PM
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#27 | | "They call me Bowser...RawR!"
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Everyone's a hotshot investor until they're not. That's because there's no such thing. Money managers like Cathie Wood aren't good at picking stocks. They get lucky. Her recent record is trash... like selling NVDA right before it started to run up.
Buffett tells you to buy index funds like SPY and QQQ. Listen to someone who's worth thousands of times more than Cathie Wood... lol
Hell, even I thought I was a hotshot because for years, everything I bought turned to gold. Truth is, I started investing in mid 2008 and the whole market bottomed out... When the market returned to normal around 2011, I had a tough time picking winners. I realized I was lucky and not actually good... lol... Around that time, I switched to index funds and dividend funds. It's low maintenance because you're not monitoring like 40 stocks all the time.
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Last edited by !LittleDragon; 08-08-2024 at 02:49 PM.
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08-08-2024, 03:19 PM
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#28 | | RS.net, helping ugly ppl have sex since 2001
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^ whatever you said is applicable to what I alluded to.
Suppose you put $$ regularly in indexed Vanguard ETF's ... keep on going, that's great. Proven long term winning strategy. But if you had some cash built up from dividends or some cash lying around that you've meant to put into TFSA/RRSP, why wouldn't you put an extra $1000 or 2000 in on the days when the market lost 10%?
No one is suggesting you only use one strategy, trying to time the market. I am suggesting you do both - do your regularly contribution AND buy extra on down days.
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08-09-2024, 08:36 AM
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#29 | | I contribute to threads in the offtopic forum
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If you have spare cash and you have the appetite, you should definitely consider buying on the down days. Squeeze in a few more percentage points along the way, why not.
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08-09-2024, 09:19 AM
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#30 | | OMGWTFBBQ is a common word I say everyday
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Topped up all along this downturn.
Even got INTC for $21, RIDE THE WAVE!
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2022 Velo N
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08-09-2024, 01:03 PM
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#31 | | I contribute to threads in the offtopic forum
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Originally Posted by Gerbs  Topped up all along this downturn.
Even got INTC for $21, RIDE THE WAVE! | Whoa, Intel has a PE of 90...
How much growth are they planning? That's a crazy high evaluation.
edit: Damn, they're even higher than Nvidia... that's wild.
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08-09-2024, 02:09 PM
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#32 | | "They call me Bowser...RawR!"
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Intel's wave seems to be sideways for a few years. They got some issues to work out
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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08-09-2024, 02:18 PM
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#33 | | RS.net, helping ugly ppl have sex since 2001
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-hearing news about the U.S. Federal Reserve making a rate cut of 25 basis points in September.
I wonder if U.S. and Canadian stock indices will go up noticeably next month.
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08-09-2024, 05:36 PM
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#34 | | OMGWTFBBQ is a common word I say everyday
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^ depends how bad the economy when it cuts, if it gets worse then it might be too late and we end up with recession. I'm hearing 100% 0.25% cut in Sept for US and 60% it will be 0.5%
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08-09-2024, 10:05 PM
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#35 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
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Rate cuts are already priced in
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08-10-2024, 12:43 PM
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#36 | | RS has made me the bitter person i am today!
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It’s just another day. At this stage in life, I no longer worry about my portfolio. Any big drop day is just a buying day for me. I used to try to time the market, but the result was close to50/50. Which meant I wasn’t being any smarter.
Invest only with money you don’t need. There’s no certainty in stock market.
Focus on the value proposition and how likely they are to become reality or achieve success.
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Nothing for now
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08-11-2024, 07:35 AM
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#37 | | I contribute to threads in the offtopic forum
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I feel like losing money in the stock market is necessary for you to become a good investor.
You need the market to teach you some hard lessons and then you come out on top.
The thrill of the marijuana hype days and the crypto bull runs were experience you can't get anywhere else.
Hopefully you learn though.
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08-11-2024, 03:32 PM
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#38 | | Performance Moderator
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Well, when a massive % of your portfolio is TSLA... gotta ride dat wave and it's been a wild one this past year, not caring become an artform.
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08-11-2024, 04:42 PM
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#39 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
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Whenever people ask me how to get started in investing, I tell them to kiss their first $5k goodbye. You're going to lose it, consider it tuition.
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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08-20-2024, 04:25 PM
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#40 | | I keep RS good
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lol now news headlines are "no recession is happening"...
I'm wondering if these headlines have anything to do with the upcoming election hah...
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08-20-2024, 05:19 PM
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#41 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
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I think the markets is a test of reactivity and anxiety. If after one day of -10% and everyone remains calm, don't sell off, then somehow it magically recovers. If everyone panic and sell, then it becomes a spiralling effect ...even though nothing is dramatically different from one day to the next.
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