Re: LTJPFED's Account Talk
Quote:
Originally Posted by
LTJPFED
Am I overthinking this or what?
No, you're not. I jumped out in mid Feb like you and didn't lose a dime, I've actually gained since dumping 20% into C/S a few weeks ago on a nice down day. However that WILL change as the market drops. That 20% I put back in will lose value, but I'm stoked anyway: I bought it for ~$20 less per share than I had previously sold it at ~$47 so I'm golden. My strategy is to bite my way back in 10-20% at a time week to week as the market is falling/reaching bottom. Guessing bottom though, that's the thing nobody can do perfectly. You'll always wish you'd waited to buy lower, or kick yourself for buying higher. Murphys Law.
Re: LTJPFED's Account Talk
Welcome, LTJPFED! Thanks for joining us.
Look into "Dollar Cost Averaging." That basically what you're talking about and it's a very viable strategy. It would be nice if we had more than 2 IFT's per month, but if you're talking about moving in more slowly than that, over weeks and months, then it may be what you're after.
Re: LTJPFED's Account Talk
Quote:
Originally Posted by
tsptalk
Welcome, LTJPFED! Thanks for joining us.
Look into "Dollar Cost Averaging." That basically what you're talking about and it's a very viable strategy. It would be nice if we had more than 2 IFT's per month, but if you're talking about moving in more slowly than that, over weeks and months, then it may be what you're after.
Thank you. Good to be here. I've been hovering around for a while so been trying to learn some things. Definitely would love to have more than the 2 IFT's per month. That could help us out on occasions such as what has happened here the last handful of weeks. I will take a look at the Dollar Cost Averaging.
Re: LTJPFED's Account Talk
LTJPFED,
First off, let me welcome you to the forum. As you can see by the responses, there are a lot of smart folks here at TSPTalk. Learn all you can here and no I don't think you are overthinking it.:D
Re: LTJPFED's Account Talk
Re: LTJPFED's Account Talk
LTJPFED, Welcome! Glad to see more folks posting in the forum. Check out what I wrote in Flalaw97's feed. :cheesy:
Re: LTJPFED's Account Talk
Thank you all for the welcome. I definitely know there are some smart people here so I continue to look forward to tips, news, advice, etc. Of course we all ultimately have to make our own decisions so it's a matter of applying the information to your particular situation and time horizon. It's nice to bounce things off the wall so to speak here and have others keep you a little more focused and grounded. None of us like making rash decisions that could impact us in a negative way.
I did not make an IFT today. Not only because I was busy but just simply because I think there will be other opportunities at a later date.