Stock mkt plunge - investments

[magma]

What are you doing in response to the market plunge? If this is a buy low opportunity, what are you buying?

[seeyalater52]

I assume “looking at my account balance while crying softly” isn’t the answer you’re looking for? 😬

[themoneytree]

I try not to look at it. I would put more in but we need to pay to redo the patio and we’re putting on solar panels (if they ever arrive). I don’t want to leave myself short on cash - especially while the market is so far down. I would only put money in right now, not take it out unless there were an emergency.

SD has one year of school left and we took enough out of her education account to cover her first year or possibly two of college. We missed some gains by doing that, but now I’m happy as it gives us some cushion on timing before we need to take any more out.

[just]

I'm in for the long term, so I'm not looking. I'm just KOKO (in the words of a wise GBCNer)

[dr.girlfriend]

I sold 1/3 of my husband's Tesla stock a while back and it's been sitting in cash in his Roth account. I probably need to buy into some total market index right now.  ETA:  Thanks for the prompt, we just put in a buy order for more VTSAX.

I will add that I feel really crappy potentially capitalizing on other peoples' misery and I hope what we do with this money justifies that this is the way the world works. 

[Susie]

I am declining to look. KOKO. I'm not yet near retirement, and don't need it to be up right now.

[mlkgls]

I am still far enough away from retirement that it won’t really impact me, but I still prefer the “what I don’t know can’t hurt me” approach. I logged in yesterday to initiate my monthly Roth transfer and covered the area where I knew my balance was. Lol.

I would love to front load for the year, but unfortunately have had a couple of very expensive repairs this month.

[k3am]

We ended last year planning to pull from our brokerage for kitchen remodel, and within the first few weeks of January had already lost more than that, and things keep going down.

We are also going to just KOKO (and bitch about it often).

[aprilsails]

I needed to add more to my RRSP since the deadline is March 1st. So I transferred that over end of day yesterday. I was waiting until my paycheque came in on Wednesday. I’m not looking at any of my investments for a couple of months. It just doesn’t matter.

[goldengirlz]

The market is already rebounding. Not to say there isn’t (or won’t be) volatility, but I wouldn’t call this a “plunge.” It’s hardly a March 2020 free fall. CNBC just had a VERY bullish tweet about how today is on track to be one of the best stock market days of the year.

The Dow went down from 36000 to 33000 and is back up to 34000. So we’re talking movement of less than 10%. I don’t think anyone should be panicking yet, though if you’re anticipating a large expense this year, it might be a good time to set aside some cash in case things get bumpy.

[jewel]

I put a good chunk of my 2022 investments in over the past few weeks. I’m overall down for January still, but I’m hoping it’s a good risk for the rest of the year. I’m in it for the long term, so it probably doesn’t make a huge difference either way, but it’s (hopefully) fun to try to time a decent amount.

[sandandsea]

Feb 25, 2022 13:45:48 GMT -5 goldengirlz said:

The market is already rebounding. Not to say there isn’t (or won’t be) volatility, but I wouldn’t call this a “plunge.” It’s hardly a March 2020 free fall. CNBC just had a VERY bullish tweet about how today is on track to be one of the best stock market days of the year.

The Dow went down from 36000 to 33000 and is back up to 34000. So we’re talking movement of less than 10%. I don’t think anyone should be panicking yet, though if you’re anticipating a large expense this year, it might be a good time to set aside some cash in case things get bumpy.

This is what we did. We sold the rest of what we needed to to pay for a big planned expense this year and the taxes to cover itself and left the rest alone.

[chpmnk1015]

IM hoping to start throwing a few hundred a month into my stock account.. but i dont know what to buy and trying to research..
I am also trying to give about 1K more to a newer financial person i am using to do some investing... we have given her a little aleady this year but since i just got a new job and dont have a 401k for a year, hoping to do that

[dr.girlfriend]

Feb 26, 2022 11:20:06 GMT -5 chpmnk1015 said:

IM hoping to start throwing a few hundred a month into my stock account.. but i dont know what to buy and trying to research..
I am also trying to give about 1K more to a newer financial person i am using to do some investing... we have given her a little aleady this year but since i just got a new job and dont have a 401k for a year, hoping to do that

Honestly, you can't go wrong with an index fund.  It may not show fantastic growth like some individual stocks, but overall if the market goes up as it has pretty consistently then you'll keep pace.  

[chpmnk1015]

Feb 26, 2022 15:22:23 GMT -5 dr.girlfriend said:

Feb 26, 2022 11:20:06 GMT -5 chpmnk1015 said:

IM hoping to start throwing a few hundred a month into my stock account.. but i dont know what to buy and trying to research..
I am also trying to give about 1K more to a newer financial person i am using to do some investing... we have given her a little aleady this year but since i just got a new job and dont have a 401k for a year, hoping to do that

Honestly, you can't go wrong with an index fund.  It may not show fantastic growth like some individual stocks, but overall if the market goes up as it has pretty consistently then you'll keep pace.  

I need to figure out how to do that on ameritrade.. I have the basic account and the one time I tried it said I couldnt... Def need to look into it

[dr.girlfriend]

Feb 26, 2022 15:36:21 GMT -5 chpmnk1015 said:

Feb 26, 2022 15:22:23 GMT -5 dr.girlfriend said:

Honestly, you can't go wrong with an index fund.  It may not show fantastic growth like some individual stocks, but overall if the market goes up as it has pretty consistently then you'll keep pace.  

I need to figure out how to do that on ameritrade.. I have the basic account and the one time I tried it said I couldnt... Def need to look into it

Some funds are exclusive (for example in my Fidelity account I bought FZROX but I think that's only if you are at Fidelity) but DH's Roth is still at TD Ameritrade and I bought VTSAX there a couple of days ago.  I used to buy VTSMX but that is now no longer available and VTSAX seems to have replaced it.  Sometimes there are minimum investment amounts (e.g., you have to buy at least $3500 at once or something) and also you have to be in the right category -- like you can't put in an order in the category EFT if it's a Mutual Fund or it'll say it doesn't exist.  

[chpmnk1015]

Feb 26, 2022 18:12:52 GMT -5 dr.girlfriend said:

Feb 26, 2022 15:36:21 GMT -5 chpmnk1015 said:

I need to figure out how to do that on ameritrade.. I have the basic account and the one time I tried it said I couldnt... Def need to look into it

Some funds are exclusive (for example in my Fidelity account I bought FZROX but I think that's only if you are at Fidelity) but DH's Roth is still at TD Ameritrade and I bought VTSAX there a couple of days ago.  I used to buy VTSMX but that is now no longer available and VTSAX seems to have replaced it.  Sometimes there are minimum investment amounts (e.g., you have to buy at least $3500 at once or something) and also you have to be in the right category -- like you can't put in an order in the category EFT if it's a Mutual Fund or it'll say it doesn't exist.  

Thanks... new to doing more than a stock on my own..wi check.it out and read up maybe tomorrow. Thank you!!!

[dr.girlfriend]

Feb 26, 2022 18:14:01 GMT -5 chpmnk1015 said:

Feb 26, 2022 18:12:52 GMT -5 dr.girlfriend said:

Some funds are exclusive (for example in my Fidelity account I bought FZROX but I think that's only if you are at Fidelity) but DH's Roth is still at TD Ameritrade and I bought VTSAX there a couple of days ago.  I used to buy VTSMX but that is now no longer available and VTSAX seems to have replaced it.  Sometimes there are minimum investment amounts (e.g., you have to buy at least $3500 at once or something) and also you have to be in the right category -- like you can't put in an order in the category EFT if it's a Mutual Fund or it'll say it doesn't exist.  

Thanks... new to doing more than a stock on my own..wi check.it out and read up maybe tomorrow. Thank you!!!

Yeah, I'm pretty much a novice buyer.  I used to buy into stuff at least once a year when we were eligible for Roths, but it's been awhile.  Every time I have to look up how to do it again, and I still can't figure out how to do immediate rather than end-of-day trades but that's fine for me.

[RockNVoll]

Feb 26, 2022 18:57:39 GMT -5 dr.girlfriend said:

Feb 26, 2022 18:14:01 GMT -5 chpmnk1015 said:

Thanks... new to doing more than a stock on my own..wi check.it out and read up maybe tomorrow. Thank you!!!

Yeah, I'm pretty much a novice buyer.  I used to buy into stuff at least once a year when we were eligible for Roths, but it's been awhile.  Every time I have to look up how to do it again, and I still can't figure out how to do immediate rather than end-of-day trades but that's fine for me.

Mutual funds only price once a day which is why you can't buy them intra-day. ETFs are more like individual stocks and fluctuate in price all day.

[dr.girlfriend]

Feb 26, 2022 19:04:34 GMT -5 RockNVoll said:

Feb 26, 2022 18:57:39 GMT -5 dr.girlfriend said:

Yeah, I'm pretty much a novice buyer.  I used to buy into stuff at least once a year when we were eligible for Roths, but it's been awhile.  Every time I have to look up how to do it again, and I still can't figure out how to do immediate rather than end-of-day trades but that's fine for me.

Mutual funds only price once a day which is why you can't buy them intra-day. ETFs are more like individual stocks and fluctuate in price all day.

Yeah, I was confused because VTSAX says "also available as an ETF" but when I tried to buy it as an ETF it didn't recognize it.  Like I said, I'm mostly bumbling through!  :-D