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.
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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
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