buy on dips ... from what I hear
If your outlook is 12 month or longer, buy buy buy
If you are day trading/short term, I am not sure this is the ‘bottom’ yet
Just my opinion, others may not agree
A little too early...
Never easy to catch a falling knife.
I will wait a bit longer until my signals show less risk.
Too early, it will die out when it starts warming up in late spring.
I here Bloomberg is short.
Timing the market is nearly impossible. It would be a bad idea to guess and jump in big. Fortunately many brokerages now have commission free trades so you don’t have to do that. You can make lots of small buys to average in. That’s what I’ve been doing for 2 weeks. Look for good deals or stick with an index fund like DIA or SPY to track the market.
I am waiting for the guy who blows a horn when the market reaches a bottom. He should be around fairly soon....
Buy and Hold (and rebalance) a diverse portfolio of index funds.
Oil will be a good thing to invest in, although investors will have to be careful as to which specific market segment a particular company is in. There are good things like MLPs that may be a good deal now to buy and hold. Drillers are getting very hard hit, and individual companies will be the last to recover and may not survive.
I’ve been playing the stock market since I was in college 30 years ago, and I know as well as anyone that it’s impossible to time it with precision. When it’s been going up like crazy and you think it’s become unmoored from reality, it can (and does) often go higher. When you think it has sold off irrationally and can’t go much lower, it can (and does) tank another 10, 15, 20% or more.
With all that said, I’ll tell you how I’m playing it at the moment. I strongly suspect that it’s going go lower within the next month or so... probably quite a bit lower. The economic impact of so many events being cancelled, so many people skipping trips, staying home, eating in instead of eating out, probably forgoing big ticket purchases like cars, etc. will have a very real impact on the economy. A coronvirus recession seems likely. I don’t think that “the Street” has fully baked that into equity prices yet. It’s always hard to feel the bottom, but what I try to do is look at really stalwart companies like Coca-Cola that will be fine in good and bad times... when companies like that sell off really badly, and their dividend yields (which are safe as safe gets) start to approach crazy high levels, then BUY, BUY, BUY. The last time that I really felt like that was in spring of ‘09 after Obama came in and everything sold off for 2 months.
Whatever I do, do the opposite. You can’t go wrong.
I’ve been buying!
The buying opportunity comes after you’re dead.
A lot depends on your patience, need for funds, and appetite for risk. Timing bottoms is rarely successful and frequently misses significant upward market movement. On a personal basis, I’m creating a ladder of ETF investments and purchased my first stocks at the end of last week. I’ve set my next entry point and will make adjustments depending on market performance.
Do not purchase stocks if you are a short term buyer relying on growth for a major purchase or if you can not sustain a loss equal to 50% of your investment without changing your lifestyle.
Disclaimer: I am not an investment professional, just an old guy who has lived through a bunch of cycles and seen the market rebound after each major decline.
I’ve been buying on down days - high dividend stocks, energy, and long call options for SPY, QQQ. Heavier then I probably should be as it will likely continue to fluctuate the next few weeks...but I think it will turn no later than April. I’m looking at travel stocks as they’ve been hit even worse, but think it will take longer for them to recover so biding my time - maybe by late March. Again all for longer term.
My buy calls are in the fall or even into next year so plenty far out should it take longer than that to resolve. The stocks themselves are long term holds at great prices considering their dividends.
If things stabilize at this level then I’ll start to sell some covered calls on the long term holds for extra cash, but too much fluctuation right now to do a lot of that.
Dollar cost average.
It’s not over yet. Next week, real testing begins, and the number of victims will jump sharply over the next two weeks. The press will hype that into another panic. I expect another 2-4,000 drop.
Nobody knows. Don’t listen to anyone who tells you they do.