MickinMD ★ Posted January 24, 2022 Share #1 Posted January 24, 2022 As the Stock Market is getting whacked today, down 2.3%, the S&P 500 is down over 10% for 2022 and that makes it an official Correction: a Bear Market. Personally as a net buyer of stocks (small automatic monthly purchases), I look at it this way: the current values in the stock market are not going to affect by much what prices will be in five years, so it's an advantage to me to pay less for stocks now that I'll likely still own in 5 years. The market is still overpriced compared to the long-term average P/E ratios because bonds still pay so little. I've owned stock in my biggest holding since 1993. On the 25th of the month or next business day, Abbott Labs Direct Stock Purchase Plan (DSPP or DRIP) takes $25 out of my checking account to invest in ABT stock with no fees: a small amount but it builds up over time! Right now, the stock price is $121.59. At the end of December, the price was $140.74 (up over 30% for 2021). So I'll be getting a 14% sale price if the current price holds tomorrow and it will have no effect on Abbott's stock price a year or so from now! 2 1 Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 24, 2022 Share #2 Posted January 24, 2022 Buying opportunity in my eyes. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 24, 2022 Share #3 Posted January 24, 2022 Just now, Dirtyhip said: Buying opportunity in my eyes. I tend to just be buying all the time. Not sure how to effectively time this market. Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 24, 2022 Share #4 Posted January 24, 2022 Just now, Razors Edge said: I tend to just be buying all the time. Not sure how to effectively time this market. I don't try and time. I just continue to buy and keep my equities at a level that I am comfortable with. 1 1 Link to comment Share on other sites More sharing options...
BuffJim Posted January 24, 2022 Share #5 Posted January 24, 2022 Bitcoin is back over $34,000. Link to comment Share on other sites More sharing options...
smudge ★ Posted January 24, 2022 Share #6 Posted January 24, 2022 I'm glad I moved my 401k money in to the account that just sits there. I call it the "under the mattress" account. I hate losing money. Link to comment Share on other sites More sharing options...
12string Posted January 24, 2022 Share #7 Posted January 24, 2022 Getting crushed today. And buying. Tip: SQ is down to about $110, caught in a firestorm of trends with little fundamental reasoning. 1 year target has been dropped to about $225 by many analysts. Super buy point now. I bought some last week (yeah, down a bunch since then) as a short term. I'll get about 20%, then sell it (I'm overweight in it), using my early lots and get some of the capital gains tax done before I retire. 1 Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 24, 2022 Share #8 Posted January 24, 2022 It goes up and down. The market staged an enormous reversal today. For those that panicked and sold, well, bad timing. For most people, if you choose to invest you are looking at long term not short term. Just mind your tolerance levels and adjust as needed. During the 2020 downturn, it was gut wrenching how much our holdings fell. I just stayed the course and told H not to look at it. It reversed and we reaped the rewards of buying during that period. I am sure many of us remember 2008-2009. If the market does drop heavily and there is no more value in stocks, then we will have much bigger fish to fry than worry about AMZN. Link to comment Share on other sites More sharing options...
12string Posted January 24, 2022 Share #9 Posted January 24, 2022 that was a crazy reversal. I'm still down on the day, but not so much now. Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 24, 2022 Share #10 Posted January 24, 2022 6 minutes ago, 12string said: that was a crazy reversal. I'm still down on the day, but not so much now. No kidding. You never know which animal will show up to the party. Link to comment Share on other sites More sharing options...
jsharr ★ Posted January 24, 2022 Share #11 Posted January 24, 2022 9 minutes ago, 12string said: that was a crazy reversal. I'm still down on the day, but not so much now. 1 2 Link to comment Share on other sites More sharing options...
Scrapr ★ Posted January 24, 2022 Share #12 Posted January 24, 2022 @MickinMD not (yet?) a Bear market. 20% down is a Bear. We are only in correction phase. It needs to go down another 10% I gifted son of Scrapr his Roth contribution recently. Once before year end & once last week. Didn't "time" the bottom but that's life. In 40 years I'll be gone & he'll be happy with the buy 1 2 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 24, 2022 Share #13 Posted January 24, 2022 I pay a high fees for a financial advisor just so I don't have to follow you amateurs. But if I did... I'd license Blackbox. 1 Link to comment Share on other sites More sharing options...
12string Posted January 24, 2022 Share #14 Posted January 24, 2022 48 minutes ago, Scrapr said: It needs to go down another 10% NO IT DOESN'T!!!! 1 1 Link to comment Share on other sites More sharing options...
shootingstar Posted January 25, 2022 Share #15 Posted January 25, 2022 3 hours ago, 12string said: Getting crushed today. And buying. Tip: SQ is down to about $110, caught in a firestorm of trends with little fundamental reasoning. 1 year target has been dropped to about $225 by many analysts. Super buy point now. I bought some last week (yeah, down a bunch since then) as a short term. I'll get about 20%, then sell it (I'm overweight in it), using my early lots and get some of the capital gains tax done before I retire. Am getting crushed. The stock market is less rational, more emotional at a faster speed than even 10 yrs. ago or so . Link to comment Share on other sites More sharing options...
shootingstar Posted January 25, 2022 Share #16 Posted January 25, 2022 And I don't think the threat of Russian invasion into Ukraine won't affect much certain types of stocks for certain industries at all. Especially for those with large customer markets in North America, most of Europe, etc. Early in the afternoon, the Dow was off by more than 1,000 points, or about three per cent, and the tech-heavy Nasdaq was faring even worse as investors worried about the prospect of war in Ukraine. "What really sparked the sell-off today is the fact that we seem to be marching inexorably towards a full-scale invasion of Ukraine by Russia," Dennis Mitchell, CEO of Toronto-based investment firm Starlight Capital, said in an interview. Canadian shares were not exempt from the sell-off, as the benchmark Canadian index was on track for its worst day in months, down more than 600 points, or three per cent at one Link to comment Share on other sites More sharing options...
Scrapr ★ Posted January 25, 2022 Share #17 Posted January 25, 2022 1 hour ago, 12string said: NO IT DOESN'T!!!! 2 words....Don't look 1 Link to comment Share on other sites More sharing options...
shootingstar Posted January 25, 2022 Share #18 Posted January 25, 2022 One thing for certain I'm glad I bought and then 9 months later sold a company stock, when company wanted to retract their IPO listing (after being publicly listed in late 2020), and in addition, charge higher transactional fees on their client services. Which then gets passed to consumer. It made no long-term sense since it's a company providing niche services to a nearly captive narrow client base. So I made 7K..in my decision. And I don't care if they get valued even more. Their product-service will remain narrow. (it's a service to legal and real estate sector) Link to comment Share on other sites More sharing options...
bikeman564™ Posted January 25, 2022 Share #19 Posted January 25, 2022 my rate of return is -8.7% Link to comment Share on other sites More sharing options...
Dirtyhip Posted January 25, 2022 Share #20 Posted January 25, 2022 13 hours ago, Scrapr said: 2 words....Don't look ...and if you do choose to look, you must be brave. You have to look, when you login to buy more. 1 Link to comment Share on other sites More sharing options...
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