DOW 30000

[Old Man Jingles]

Worst case scenario would be something like the 73-74 bear market, where the DOW lost 50% of it's value in a slow motion 2 year mudslide.

Interest rates are very low and the economy and demand is still strong.
Not an Apple buyer but the demand for Apple products is still very high even if the supply is low.

 

[Old Man Jingles]

I have been dollar cost averaging out of my 401k investments 10% per month into Guaranteed Government Securities with my last deduction last Thursday.
I'm sitting at 50% at the moment ...
... thinking about getting back into the stock market if the DOW hits 26,000 or roughly 10% drop.

Question: Do I just get back into the S&P or try and pick individual stocks?
I have made good returns in the past on 'fear based' drops in stocks in the past.

Delta was one that I made over 20% gain in a weeks time back when a plane crashed in Queens after 9/11.
Delta is down today and trading at a P/E of 7 and down 12% in the last two days.

Delta is looking very attractive for a buy in ... down 20%.
It looks to be leveling out and ready for a bounce on investor buying.
A 6.3 P/E is very low ... the FPE may be 4 or so on a poor 1st quarter and recovering in 2nd quarter with a 3rd quarter rebound.
It was at almost $60 dollars last week.

 

[Old Man Jingles]

My retirement is too important to ride out 1000 point drops while hoping for the turn around. That line of thinking could go south real fast.
Im only down -0.73% ytd, but keeping an eye on it.

Are you already retired?

 

[oldngray]

Interest rates are very low and the economy and demand is still strong.
Not an Apple buyer but the demand for Apple products is still very high even if the supply is low.

Panic selloff. Good buying opportunity but hard to guess where the bottom will be before it bounces back.

 

[oldngray]

Are you already retired?

A retirement account looking at long term shouldn't worry about a 1000 point swing.

 

[Old Man Jingles]

Panic selloff. Good buying opportunity but hard to guess where the bottom will be before it bounces back.

No st!
I'm feeling stress on 25% of my investments sitting in cash equivalents.
When and where to put it back in the market!?

 

[Old Man Jingles]

A retirement account looking at long term shouldn't worry about a 1000 point swing.

Exactly!

 

[bbsam]

A retirement account looking at long term shouldn't worry about a 1000 point swing.

Think about that for a while.

 

[Wally]

No need for explanation s on this page ..smh

Can you explain that statement?

 

[Old Man Jingles]

Delta is looking very attractive for a buy in ... down 20%.
It looks to be leveling out and ready for a bounce on investor buying.
A 6.3 P/E is very low ... the FPE may be 4 or so on a poor 1st quarter and recovering in 2nd quarter with a 3rd quarter rebound.
It was at almost $60 dollars last week.

View attachment 284576

SOUTHWEST is a decent alternative with no or little International exposure.
It was trading at a 52 week high last week at $58.83
... down 22% in this scare sell off.

 

[Sportello]

Point drop is a useless metric you demwit.

Sure.
He's trying to use large point drops to make Trump look bad. Percentage is a more relevant number.

List of largest daily changes in the Dow Jones Industrial Average - Wikipedia

Of the 20 largest drops by percentage, Republicans were in office for 95% of them.

 

[Up In Smoke]

If you are concerned that the recovery may take a little longer than mid year, call options are a way to get your stock at a given price and timeframe. Minimize your exposure to a economical crisis.

 

[brownmonster]

No st!
I'm feeling stress on 25% of my investments sitting in cash equivalents.
When and where to put it back in the market!?

Wait for a 20% drop.

 

[IVE GOTTA PACKAGE 4U]

A retirement account looking at long term shouldn't worry about a 1000 point swing.

That's why I just bought some more shares of Berkshire Hathaway

 

[Up In Smoke]

That's why I just bought some more shares of Berkshire Hathaway

A shares??

 

[IVE GOTTA PACKAGE 4U]

A shares??

I wish.

 

[Up In Smoke]

Now Powell is talking of further rate cuts. Let the bad businesses fail, not everyone gets a ribbon

 

[Old Man Jingles]

Wait for a 20% drop.

That’s why I may get back in with individual stocks like Delta or Southwest.
Already down more than 20%.

 

[Old Man Jingles]

That's why I just bought some more shares of Berkshire Hathaway

Always a good buy.
Quadrupled my investment back in 90’s and doubled in the 00’s.
I should look at that too but it has a low beta.

 

[newfie]

@newfie come defend Orange man praising a bunch of tyrants who murder their own people.

Now let’s be reasonable Sam, Bernie is a communist.

I cant defend it , his lust for despots is almost gay