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Originally Posted by pw2006
Thanks Greg! I have played around with most of the tabs, but never the change button. My 401k is with Schwab, and I like reviewing my Personal Rate of Return, but never found it for my other Schwab accounts. Very cool and thanks again!
BTW- I have way too much sitting in cash (20%) and fixed income (45%) right now due to a big sale in November. I have been adding to my holdings every Monday since Nov. Kinda hoping for a pullback so I can back up the truck and put these guys to work.  |
You never have to rush to put money to work. The stock market as well as other markets are open rather frequently.
Waiting for some "event" though - is generally not a very good long term strategy. For whatever reason - the market will run to the moon while you're waiting -- and then too - let's remember our time frames. If the market runs up 8% while you're waiting -- and then goes backward 10% -- do the math and we're not talking about a very large amount of money.
I had to laugh to myself - because some of you "think" like you're playing with millions of dollars and that 50 cents per share is going to make or break whether or not you have a profit/gain.... I had this same conversation with my trainer the other day. He asked "what should I be buying" because he had 10K ready to add to his account.... After a couple suggestions his next statement was that he'd watch the market and jump in on a pullback... So I grabbed pencil and paper and did some math for him. My basic premise - which was to rub his nose in his statement (since he kicks my sorry ass all the time) - was to make him realize the nonsensical point of his waiting. We're talking about someone who is going to scale in - and be buying 100 shares of something... a 1 or 2 dollar pullback was hardly worth the "wait". If he thought that a buck or two was important in the scheme of things.
Now --- a big pullback --- 10% or more... IF === HUGE IF === you're LUCKY and can catch that. Fantastic! But my guess is - when the market pulls back 10% -- you'll wait for 15%.... and so on.
Just saying.... that even myself - for an example - where I'm buying 10,000 shares or more at a time... I'm not waiting.
Having said that - this next week with the sequester thing coming up - MIGHT BE - MIGHT BE - worth a wait. But we all know what can happen. The idiots do some kind of a "fix" and the market runs instead of falls back. Thus the age old problem of timing. It rarely works the way you thought. I hate that little man on Wall Street!