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  • Who done it?

    Okay who made a large equity purchase last week?

  • #2
    I actually scored this time. I moved most of my year's charitable contributions out of stocks a little over a week ago into my DAF. Nice timing that.
    Helping those who wear the white coat get a fair shake on Wall Street since 2011

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    • #3
      I was hoping for a poll. Either way, I need more days like today. The only market timing I do is convert some pre-tax money over to Roth when there is a correction. We're only 5% off highs, so I need another 5% before I do my "market timing."

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      • #4
        One thing is as sure as the sun rising: any time the market goes down, it will be AFTER I make a large equity purchase. It's a good thing I don't try to market time, as I'd never succeed at it!

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        • #5
          I de-leveraged/de-risked quite a bit over the past few weeks from some speculative holdings, for various reasons. I have been adding to VTI recently, but not very large lump sumps.

          So I guess I will take partial credit for it.
          Last edited by xraygoggles; 09-20-2021, 02:26 PM.

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          • #6
            Just wondering, how does a large purchase of equities cause a drop of the stock market a week later.. wouldn't selling a bunch of stock cause the market to drop?

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            • #7
              Originally posted by Craigslist View Post
              Just wondering, how does a large purchase of equities cause a drop of the stock market a week later.. wouldn't selling a bunch of stock cause the market to drop?
              the whole premise here is to be sarcastic. your logic is correct....there just seems to be a tendency if you're a market timer that once you buy, the market drops. certainly one individual buying or selling doesn't alone impact the entire market

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              • #8
                Maybe time to TLH tomorrow again if I have time at work

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                • #9
                  Originally posted by Craigslist View Post
                  Just wondering, how does a large purchase of equities cause a drop of the stock market a week later.. wouldn't selling a bunch of stock cause the market to drop?
                  The whole point of the joke is that a single investor isn't going to move the market (in either direction) unless he's Warren Buffett. None of us are buying enough shares to cause a price rise, or selling enough to trigger a price drop, which is why so often when we do either, the opposite of the expected result (rather then the Warren Buffett result) occurs.

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                  • #10
                    Put round 2 of my solo401k in last week ($9500) into swstx ( the Schwab total market index). You can thank me now

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                    • #11
                      You ain’t seen nothin’ yet. Just wait. We are so, so overdue for a painful market correction. And those of you who get excited by the buying opportunity of a dip will be made to feel the pain as well. Those quick dips with a rapid rebound are history. Just sayin’…

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                      • #12
                        Originally posted by White.Beard.Doc View Post
                        You ain’t seen nothin’ yet. Just wait. We are so, so overdue for a painful market correction. And those of you who get excited by the buying opportunity of a dip will be made to feel the pain as well. Those quick dips with a rapid rebound are history. Just sayin’…
                        If you are in the market long enough, eventually you feel buyers remorse. One point missed in these discussions is everyone here is a market timer. 100% equity or 50% equity is timing based on your life. SORR is timing. The market is independent of the participants. From a market perspective, stay invested.

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                        • #13
                          Originally posted by White.Beard.Doc View Post
                          You ain’t seen nothin’ yet. Just wait. We are so, so overdue for a painful market correction. And those of you who get excited by the buying opportunity of a dip will be made to feel the pain as well. Those quick dips with a rapid rebound are history. Just sayin’…
                          Are they, though? You think the government is going to let the market drop 50% and then let it stay there? I don’t.

                          I also don’t think it’ll drop 50% but we probably need a 25-30% correction. I wish they’d just leave it alone if that happens but they’ve got elections to think about (and their own portfolios).

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                          • #14
                            too bad many of you guys didn’t jump on the btc bandwagon with me. so many awesome buying opportunities these past few months!
                            “. . . And the LORD spake, saying “First shalt thou take out the Holy 401k. Then shalt thou save to 20%, no more, no less. 20% shall be the number thou shalt save, and the number of the saving shall be 20%. 25% shalt thou not save, neither save thou 15%, excepting that thou then proceed to 20%. 30% is right out . . .””

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                            • #15
                              Originally posted by CordMcNally View Post

                              Are they, though? You think the government is going to let the market drop 50% and then let it stay there? I don’t.

                              I also don’t think it’ll drop 50% but we probably need a 25-30% correction. I wish they’d just leave it alone if that happens but they’ve got elections to think about (and their own portfolios).
                              I agree with both this and wbd’s statement. Basically I have no clue and don’t pretend that I do. Which is why I invest on autopilot as I have every month since 2003 (for retirement accounts) and 2005 (for taxable account) and don’t worry about buying dips/highs/crashes/whatever

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