Correction?

[donkpow]

My portfolio value is dropping today. I sold out of some dogs this morning thinking the peak had been achieved. Waiting to see if the broader market is moving down. Safe bets may be the order of the day.

[late]

I have mostly income stocks. I don't look at them.

[12string]

I did that 2 months ago.  I was pretty sure we had peaked.  and I needed to pay for a car

[Dirtyhip]

We should never try and time the market.

Just stick with your comfortable stock and bond allocations.

This is a minor correction.  Nothing to get too riled about.  

[Square Wheels]

1 hour ago, Dirtyhip said:

We should never try and time the market.

Just stick with your comfortable stock and bond allocations.

This is a minor correction.  Nothing to get too riled about.  

You weren't around in 1928 were you?  @Kzoo tell her about it.

[2Far]

My current 401(k) and a previous one migrated to new brokerages on 01/01, and automatically put me into retirement year portfolios. I’m “safe” for a while 

 

 

[Dirtyhip]

55 minutes ago, Square Wheels said:

You weren't around in 1928 were you?  @Kzoo tell her about it.

I reduced my equities recently.  On down days, it feels less ouchy.  

Been increasing my RE holdings.  Overall, our portfolio is on the conservative side.

[donkpow]

I finished off around 2% down for the day but I sold out of some dogs. I'd like to see the market slide a bit more. It's hard to find good value when everything is over priced.

[Dirtyhip]

1 hour ago, donkpow said:

I finished off around 2% down for the day but I sold out of some dogs. I'd like to see the market slide a bit more. It's hard to find good value when everything is over priced.

I sold some dogs about 3 weeks ago.  

[MickinMD]

The financial media wants us to think it always knows why the market, oil, etc. moves as it does.  The meeting of editors and reporters each morning must laugh like hell some days when the scam us with their latest "reasons."

They've been blaming the recent drop on the new cases of coronavirus in the USA, but a handful of cases isn't enough!

I tend to only replaced 0-3 stocks in my portfolio each year - when their fundamentals change or something I discover makes me want to change. I keep 12 diverse stocks only or else it will take me too much time to keep track of them. Since the 1990's, I've owned and added to Abbott Labs (ABT), AbbVie (ABBV, spun off ABT in 2013), Cracker Barrel Old Country Store (CBRL), and T. Rowe Price Communications and Technology Fund (PRMTX).  They represent about 40% of my portfolio.

Up through 2014, my portfolio averaged about 2% better than the S&P 500.  Since then I've trailed the S&P 500 by about 2% per year but my P/E's haven't bubbled like the S&P 500 though eps growth is as good.