No worries - I'm in it for the long haul. Had a relatively large cash balance accumulation in my wife's solo 401k, and I finally started dollar cost averaging into the market. The short term loss on a $35k purchase from Friday is dwarfed by our broader holdings. The plan was to do a few buys spread out, but I might go ahead and move more in on this dip. Or wait and see for few days and see if this is a significant change in market sentiment, or just noise. I'm pretty zen about market fluctuations. When 5 of the last 7 years have been +20% returns, a few percent dip isn't going to keep me awake at night...
Bad day in the market, but not a disaster. Goldman did raise their recession index by 10%, but it's still at only 25%. Too many positive numbers, and an impending FED cut of .5% is now even more likely in September, if not sooner if they call for an emergency meeting.
I know the Maga crowd isn't too much into understanding anything or go beyond what trump and MTG tells them to parrot, but here you go. https://www.reuters.com/markets/us/global-markets-rout-positioning-analysis-pix-2024-08-05/
It tried to rally late morning, but we're back down 1,000 on the Dow as of right now. Traders deciding that a recession is nigh.
That is interesting. It has been an interesting stock. Sometimes bigger swings than the market, sometimes smaller but it has been a great stock and the dividends have financed all family travel for the last 15 years.
The Lower interest rates that are surely coming at this point may equate to more home sales and people financing home improvement.
Yeah, obviously corrections hurt a bit but part of me being able to retire early was to take advantage of them (purchased a bunch in 2008, not at the low but low enough where it made me a bunch of money). I always taught my boys, "The time to buy is when there is blood in the street".
Worst single day loss for the S&P in 2 years after selling off a lot Thursday and Friday last week. But I understand why investors are heading for the exits. They are actually trying to put Kamala in charge of our shit. LOL. Let that sink in for a while. I went into fixed assets as well.
This is one of those rare situations where you may be partially right. For the last several months we've had what's called the "Trump Trade", with Trump almost guaranteed a win until 2 weeks, they were putting their money into whatever companies they thought would benefit from unregulated pollution, scams, fraud, bribery, and corruption that Trump would bring. Now, we are back to an uncertain future, so undoing the Trump Trade due to his flailing campaign may be part of this sell off, as Harris moves into the lead.
