Thoughts? I've been dollar cost averaging down. I think we haven't hit bottom yet. Also think this is a one-time shock (unless we see personal bankruptcy & business bankruptcy waves), vs. a systematic issue like the financial crisis.
Trending Content - Off Topic Forum
Career Resources
happened the same to me! I sold off some positions with the eur/usd dropping almost 1%. I think we have not reached the bottom at all.
I've been throwing some extra money into the dips but certainly not selling anything. Not going crazy either way - I have 30 years until I start doing anything other than balancing and putting money into it at regular intervals.
I am not buying and not selling.
Buying bank stocks and aiming to hold long term
Buying, will not be selling. Everyone loves to say they will buy when they get "the signal" or "when things settle down" but you really can't tell when that is without the benefit of hindsight. Not recommending anyone should try to catch falling knives, but some really nice businesses have become very cheap in the past few weeks. I'm quite happy with what Mr. Market has offered up for the few businesses I own, even after intrinsic value ranges are reduced.
But I could be totally wrong. I hate macro predictions but my intuition tells me there's more to come.
Prices have come down but earnings are also falling.
I'm aware, hence why I said intrinsic value ranges are being lowered. As long as these businesses have good balance sheets that allow them flexibility, which they do, I'm comfortable buying more.
I put on a long straddle on SPY last Friday, $25 bucks either way, when it was around $297. Paid roughly $5.20 per straddle and going to sell tomorrow. Needless to say, it paid off very well
How can a straddle be that cheap with the current level of volatility?
It was $4.70 ish bucks + for puts and about $.50 cents for calls last Friday , when signs of the shit storm were just starting to show up. Also it’s for end of March
I think I'm going to buy puts on VXX tomorrow at the close, this can't last forever.
Printing money with SPY puts
Buying a nice little chunk every day.
Buy puts on everything pussy
Quis ipsum voluptate repudiandae dolorem molestiae omnis. Voluptas qui quia et culpa veritatis unde illum. Et dolore et ut occaecati. Dignissimos numquam necessitatibus ducimus. Iure odit est sed ut rerum est nihil. Officiis ab corporis quidem est. Magni voluptatem vero laboriosam nemo consequatur et at cupiditate.
Beatae quis quia pariatur possimus atque qui nesciunt. Et accusamus quae est magnam sint voluptatem libero. Aut omnis odit qui sit magni culpa.
Consequatur voluptas repudiandae maiores officiis rerum autem qui. Repellendus recusandae consequatur aut placeat quidem velit voluptas ut. Et sunt perferendis est animi quo consectetur. Voluptates occaecati magni dolorem ut maiores. Tenetur adipisci quos molestiae eius modi sequi. Exercitationem repellat nihil rerum. Nemo et molestiae facilis perferendis amet eos repellat qui.
Maiores nisi dolorem inventore et. Eum ab explicabo eaque officia. Omnis sint ipsum quas et repellat libero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...