Investing 102

[WSSix]

crap, crap, crap. It's all crap, lol. This may be a ways from being over. Hope everyone is holding on.

[Vegas69]

Opporunity, opportunity, opportunity, all I see is opportunity. LOL

Seriously, I do think there will be some serious pain and a storm to weather, but it had to happen. Things were out of control. With change comes opportunity if we are open to seeking it.

[srode1]

Not ready to jump in yet, I'd guess we still have more downside but it depends. When the fed signals they are about done with rate hikes and / or we are close to the mid-term elections I'll start looking again. Of course world events could certainly change that - Ukraine and China / Taiwan could spoil things.

[DWC]

Originally Posted by Vegas69

Opporunity, opportunity, opportunity, all I see is opportunity. LOL

Seriously, I do think there will be some serious pain and a storm to weather, but it had to happen. Things were out of control. With change comes opportunity if we are open to seeking it.

Yep, ready to deploy cash sitting on the sidelines when I think the "sale" has peaked. As of now, the S&P at 3300 is my planned entry point.

Not trying to time the market, my gut just tells me we still have a ways to go down before we go up.

Daniel

[WSSix]

Originally Posted by Vegas69

Opporunity, opportunity, opportunity, all I see is opportunity. LOL

Seriously, I do think there will be some serious pain and a storm to weather, but it had to happen. Things were out of control. With change comes opportunity if we are open to seeking it.

Originally Posted by DWC

Yep, ready to deploy cash sitting on the sidelines when I think the "sale" has peaked. As of now, the S&P at 3300 is my planned entry point.

Not trying to time the market, my gut just tells me we still have a ways to go down before we go up.

Daniel

You're both correct. It is a great buying opportunity. I too am waiting for it to settle a little before I start buying again. These last couple weeks have just been very heavy drops for me. Glad I'm not close to retirement age.

[JKnight]

I’ve been buying in August and September, even though we have all the unknowns listed above. I’m not trying to catch the absolute bottom, as it’s a fools errand. Still hanging onto some cash, but picking up shares on down days. With no commission fees, I don’t see any reason not to…

[SSLance]

Phoenix must be the outlier... It's crazy here, inflation is nuts, cost of living rising like crazy yet people just keep moving here. The last 3 houses that sold in our neighborhood sold to friends or family of neighbors with no realtors involved for still very large numbers. I do see some realtor signs stay up longer than before but it seems if it's a desirable place in decent shape, it sells pretty quickly.

We are still just treading water, holding our cards tight and collecting divvies. I thank Greg Weld regularly for getting me into this type of investing and also wonder regularly what he would be thinking and doing during these crazy non-sensical times.