Stock market meltdown

[FitnessFrenzy]

S&P 500 is down 5.97 % on friday

Are you buying at these levels?

[Agnostic007]

yes

[BayGBM]

I am officially poor again!  Anyone else getting margin calls?

[IroNat]

S&P 500 is down 5.97 % on friday

Are you buying at these levels?

Just a minor blip at this point.

Unless you are dollar-cost averaging as a regular practice I'd avoid buying on the way down.

I'd look for a 20%+ drop before jumping.

[IroNat]

I am officially poor again!  Anyone else getting margin calls?

I would never buy on margin period...ever.

A recipe for destruction.

[Rambone]

Been buying on the way down since I had 20% cash on the sidelines. Mostly S&P and Nasdaq index ETFSs but some of the harder hit individuals stocks as well since they’re on sale. Also bought more bitcoin when it dipped back into the $70Ks. Still have lots of cash to deploy if it keeps going down. We’re already about 20% off of highs for the indexes. I personally don’t feel like it’s going to go down significantly further like it did during the housing crisis. That was a much bigger deal. Deals will hopefully start getting done in the coming weeks or months. Nobody knows anything so don’t heed my advices!

[GymnJuice]

S&P 500 is down 5.97 % on friday

Are you buying at these levels?

I don’t have a financial education, and I’m not skilled at predicting market dips. They say you shouldn’t try to time the market, and Iron Nat mentioned dollar cost averaging. This would be the smart approach for someone like me who sticks to a simple three fund portfolio. But it’s tough to ignore the clear downturn we’re facing. I’ve been holding some money in an MMA and plan to invest it eventually, maybe in 3-6 months, or if the Dow drops to around 30k (I only invest in index funds). If I had the discipline to follow the “right” strategy, I’d have been steadily dollar cost averaging over the past year or two, but the markets haven’t made much sense to me since COVID hit.

[LurkerNoMore]

Use it to your advantage and purchase more.  It's better to buy while down than while it's up.

The only day the stock market is important to you is the day you decide to cash out.  The rest of the time, the roller coaster ride is just background noise.  I've got a while to go before I even consider an exit.  When that day comes, the market could be super low or super high.  I can't predict.  But since that day is not today, it doesn't matter to me.  Although it may matter to some others.  If it does to you, I sympathize for you.

[loco]

[IroNat]

https://www.currentmarketvaluation.com/models/buffett-indicator.php

[Brenda Steunbeer]

Partially buying, as I don't know where the lowest point will be. Hopefully stocks will go down further and I can buy them a lot cheaper. Especially AI / tech related stocks. That trend will last for quite some time.

Quantum computing also is a trend, but no such companies on the Dutch stock exchange. And profits might be 5 to 10 years away.

Novo Nordisk might be a buy. The weight loss injections and especially pills still are a trend and very profitable products.

[Brenda Steunbeer]

https://www.currentmarketvaluation.com/models/buffett-indicator.php

Even in a market that is overvalued there always are stocks that are decent value, or undervalued. So far the easy part.
To locate such stocks is the very difficult part.

[LurkerNoMore]

Everyone post what stock you think should be bought today.

I'm going with Heinz, but let's be serious.   

[robcguns]

Buy high sell low.

[tom joad]

[Grape Ape]

There are tremendous opportunities.

When the market is hopping people say the wish for a dip so they can buy more.

Then the dip happens, and they are scared to buy, because they feel the dip could get worse.

Then it goes up and they miss.

[Humble Narcissist]

Buy high sell low.

That is actually what most people do.

[Lartinos]

You guys need to be chartered financial analysts to make these trades like a certain pro said about Rivian stock. 

Some of my positions are up at this time, but they aren’t stocks.

[IroNat]

You guys need to be chartered financial analysts to make these like a certain pro said about Rivian stock. 

Some my positions are up at this time, but they aren’t stocks.

(blank) said it.

[Brenda Steunbeer]

I've noticed with stocks it's not what you buy, but when you buy that is the most important.

Even with crappy stocks you can make money if you are lucky enough to get in at the right time.

Luck plays a big part. You can research all you want, there always are many things that can happen out of nowhere and send the stock up or down.

With most stocks it's a good idea to take profit when you can. Stocks that go up for years on end are the exception. Most go back down again after a few days / weeks / months, so taking your profit quickly is a much better strategy imo than buy-and-hold.

[loco]

LOL   

[FitnessFrenzy]

Bay, are you really worried about margin calls? So you buy stocks with borrowed money?

Sounds quite risky.

[Rambone]

Bay, are you really worried about margin calls? So you buy stocks with borrowed money?

Sounds quite risky.

Especially near record highs at the time

[loco]

Just stick to US stock index funds (VTSAX, Russell 1000, S&P 500, etc.) long term and y'all will be just fine.

[Rambone]

Just stick to US stock index funds (VTSAX, Russell 1000, S&P 500, etc.) long term and y'all will be just fine.

Sound advice. Now some brokerages have automatic buying for ETFs. Set it and forget it with a weekly or monthly buy. When factoring in management fees and tax-cost ratio, it’ll outperform just about every managed fund out there unless it’s a certain sector fund on a big run.