Who is buying s&p now??

[burritos]

Yup buying biweekly with paychecks. It was dividend month so had extra monopoly money to throw into the sunk cost venture.

[Tangler]

Taxes are less than planned for so I bought VOO today.

Taxes are more than expected for us. Good for you!

[bovie]

Taxes are more than expected for us. Good for you!

No, good for you!

[LIFO]

Self-admitted market timer here. S&P has been given nearly every opportunity to retest the lows. Negative reactions to bad news remain short lived and modest. As long as S&P above 200 dma and on an upslope, I am buying.

[WorkforFIRE]

Self-admitted market timer here. S&P has been given nearly every opportunity to retest the lows. Negative reactions to bad news remain short lived and modest. As long as S&P above 200 dma and on an upslope, I am buying.

Can you explain further??

[LIFO]

Can you explain further??

Market goes up over time but can trend for significant periods flat or down
Despite general uptrend in markets, bear markets happen and typically last 12-18 months
Bear markets end not when there is good news but when markets stop reacting to bad news (we may be here but no way to know until well after the fact)
Nothing good happens under the 200 day moving average and its not worth fighting for that extra 2-3%
An uptrending 200 day moving average is an indication that the wind is at your back

[Random1]

The markets and economy don't necessarily follow a one to one correlation, but they are definitely correlated with growth of the economy in general. Predicted GDP is 2.7 which is the weakest predictive growth since 2001. So, I don't think we are there yet.

[Tangler]

Bought a little today. Last week i felt a little ill about not having enough in cash bucket (had some expenses & taxes reduce the cash bucket) but I felt better today after a good say at work. I think I will eventually pull some out of stocks but not yet.
I need a more robust cash bucket for SORR but I keep putting it off.
If you are > 5 years from retirement I think you should buy stock index funds with almost every dime you can spare.
I am 1-5 years away and I also need a pile of cash

[Tangler]

Just thought I would bump up this thread for all of you folks who bought a lot in 2022, have a beverage of choice in a toast with me.

Sure, It might drop again, but then what will we do? Buy more!

Just keep buying! Following that IPS! Ignore that noise! Stocks for the long run!

Work, Earn, Save, Invest, Repeat.

Get after it!

[billy]

Just thought I would bump up this thread for all of you folks who bought a lot in 2022, have a beverage of choice in a toast with me.

Sure, It might drop again, but then what will we do? Buy more!

Just keep buying! Following that IPS! Ignore that noise! Stocks for the long run!

Work, Earn, Save, Invest, Repeat.

Get after it!

This made me look at my returns (I dont usually unless its rebalancing times- for me end of year ish). Yes Im finally at the point where investment returns over the past year are higher than the amount I put in...

But since I'm still a few years away from retirement, I wouldnt mind another TLH/buy low opportunity. Glad I shoveled a lot of money in last year despite life's circumstances.

[uksho]

Just thought I would bump up this thread for all of you folks who bought a lot in 2022, have a beverage of choice in a toast with me.

Sure, It might drop again, but then what will we do? Buy more!

Just keep buying! Following that IPS! Ignore that noise! Stocks for the long run!

Work, Earn, Save, Invest, Repeat.

Get after it!

As the market was going up , I was thinking of you and this thread .

[Tim]

Not the S&P 500 but:

• The Dow Jones Industrial Average is in its longest win streak since February 2017.

The “Streak of 23” is now at 12 in a row.

https://markets.businessinsider.com/news/stocks/stock-market-outlook-dow-jones-win-streak-no-recession-economy-2023-7?amp

I love that picture. It’s the stock photo used frequently.
Might become “irrational exuberance”.

“Another gain on Wednesday would mark the longest streak since 1987.”

Pundits are cheerleading now. Oh well.

[FIREshrink]

Just thought I would bump up this thread for all of you folks who bought a lot in 2022, have a beverage of choice in a toast with me.

Sure, It might drop again, but then what will we do? Buy more!

Just keep buying! Following that IPS! Ignore that noise! Stocks for the long run!

Work, Earn, Save, Invest, Repeat.

Get after it!

too bad we had to ban that dude who promised us he would beat the s&p every single year. oh and it was way overvalued so all he had to do was hold cash all year long.

ytd now up >20% lol

[Tangler]

too bad we had to ban that dude who promised us he would beat the s&p every single year. oh and it was way overvalued so all he had to do was hold cash all year long.

ytd now up >20% lol

I didn’t really have a problem with that guy. I hope he is ok. I honestly didn’t see this rally and who knows, it might not last!
I don’t make predictions.
I am just happy it went up.
If it drops again, i will buy VTI (VTSAX).
If it keeps going up I will fill up the cash and bond buckets while slowly adding a little VTI.
Just keep buying seems to work while I am working.

[Tim]

I didn’t really have a problem with that guy. I hope he is ok. I honestly didn’t see this rally and who knows, it might not last!
I don’t make predictions.
I am just happy it went up.
If it drops again, i will buy VTI (VTSAX).
If it keeps going up I will fill up the cash and bond buckets while slowly adding a little VTI.
Just keep buying seems to work while I am working.

But, once you fill those cash buckets will you actually stop working? If it drops again? The question is when?
Not a criticism of you at all. At this point you are “playing” with market timing. You could actually rebalance and stop working. But what fun would that have been?

My question for you is how or if you will rebalance once you are in retirement?
Stocks drop, means use that cash equivalents to buy stock? Or sit tight and keep your powder dry? I can’t see you spending $500k back into the market. You could take it out right now.