Warning .... A Buying Opportunity is Looming on the horizon !

Simple intro ... I am a devout contrarian.

I know and expect contrarian contrarions to chime in and I wish for that as a discussion like this is deserving to ferret out realities.


With the most recent stock market movement comfortably settling in correction territory, I have set my sights on the buying opportunity of this decade.

Some background. The last big drop early in this century ruined alot of hopes, dreams, and savings of many who panicked. I lost a ton myself. But I watched. And when all seemed as bad as it could get, I reallocated and shuffled into capital markets. I turned a 40 percent loss into a 50 percent gain within the same year. Plus I dollar cost averaged all the way back up through the next couple of years. My 401k and savings revived well.

The year housing markets collapsed, I positioned myself in my mortgage and following refinancing was able secure a practically interest free loan, and knocked an easy 10 years of my mortgage.

Things have flattened over the last few years, averaging about 10 to 20 percent each year.


Why am I saying this when so many are harmed by these fluctuations?

Because we are being exposed to a new opportunity. We should be dollar cost averaging all the way down, and keep going until the markets recover.

Surely we have all heard the addage,...

Buy low, sell high.

Well people, buy low is just about here.

Dont panic. Dont sell. It will not payoff.


Opinions please.

Agree. I am watching and waiting to strike.

I totally agree with you. I made a killing in 2008 after the crash. There will be a chance to buy coming up. We need to dollar cost average and buy into this correction.

this time we'll get a new money system I read.....
oh boy.....

Opinions please.

Thanks a lot, pal.
You just told everyone and ruined it.

Not bad advice, were I inclined to play the market at all. But I have this weird craving to see the things I invest in always retain their inherent base value. Not necessarily in a monetary fashion, but from a standpoint of practicality.

Id still want my money in a physical asset that generates an income.

a reply to: smirkley

You're right, Now is the time to buy this bridge I'm selling. 6 trillion cash total in u.s. dollars. 19 trillion stock market "market capitalization". Apple corp has 60 billion in cash and assets but it's poised to be the first trillion dollar stock. And if you do win at the casino then casino security (sec) investigates you.

Knowing very little about investing other than what to opt for when scared for maximum security (lol,) what would anyone here recommend someone do with a Prudential 401K to take advantage of any such opportunities at the moment? (Don't worry, I would not take any action based solely on ATS posts. But as one of many opinions and suggestions, they would be welcome.)

a reply to: Phage

lol-I was thinking the same thing.
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I don't put money in the market, as I've not much to invest, but I'd like to dabble a bit. Can anyone tell me how low ($$) can I start...? I mean, I want to take a risk at this point in my life.

Inverse ETFs on the way down my friend. SQQQ and SDOW are really making me wonder if I need my job.

originally posted by: RobinB022
a reply to: Phage

lol-I was thinking the same thing.
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I don't put money in the market, as I've not much to invest, but I'd like to dabble a bit. Can anyone tell me how low ($$) can I start...? I mean, I want to take a risk at this point in my life.

My uncle used to tell me you can start anywhere you just need to know where to put it.

a reply to: onequestion

Works in a brothel, too.

whats dollar cust averaging?
thanks

A long term bit of advice, for 401k holders. If you can move your 401k to a new fund manager,... one word,...

Vanguard

Stop paying 3 percent of your tax free savings to a fund manager.

Vanguard is sub 1 percent. I average a 0.25 load on my pre tax assets. That potentially could translate into many thousands of pre tax savings.

originally posted by: Azureblue
whats dollar cust averaging?
thanks

www.investopedia.com...

a reply to: smirkley

Well, thank goodness I intend to just work until I drop dead.

a reply to: pfishy

Lol,... I think alot of us will be.

originally posted by: RobinB022
I don't put money in the market, as I've not much to invest, but I'd like to dabble a bit. Can anyone tell me how low ($$) can I start...? I mean, I want to take a risk at this point in my life.

A simple IRA or Roth IRA is a quick easy tax free start. At least you wont have to be a stock wiz to capitalize on the markets. And it lowers your tax bill too.

If you do want to pick stocks but dont want to pay commissions, sign up for a Robinhood account. 500 bucks to start. And zero commissions on entry and exit.
www.robinhood.com...

a reply to: smirkley

Thanks for explaning what dollar cost averaging is .