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Thread: Buy and Hold

  1. #97

    Join Date
    Mar 2020
    Location
    Cape Cod
    Posts
    98

    Default Re: Buy and Hold

    You are pretty far over my head. I really don't know what it means to not retest the lows or if it retests and breaks. Everyone around me is saying "Don't look at your TSP account. The market always comes back up and as long as you have a portfolio that matches your risk (i.e. mostly cash when you are about to start withdrawing from it) you should just let it ride until then." I don't like just leaving it there when all signs are saying it is going down so I parked it in G and waited for a while. I put it back in when I thought it had gone down a good chunk and, if I just left it there and didn't look back, I would be better off than when I parked it. That is my plan if I jump in and the market keeps going down. I am going to leave it there until it comes back up. It will eat at me perhaps but all the experts say buy and hold is the safe bet for long term investing. But I feel like in a market that is bouncig this eratically and down this far, it is worth a try to time it if possible and make some money. If I guess wrong - I will follow the sheep and hold. I don't know, just sounds like it might work to me.

  2.  
  3. #98

    Join Date
    Sep 2006
    Location
    Upstate NY
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    2,554
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    45

    Default Re: Buy and Hold

    flalaw97,

    Start reading some books on the market today, then come back after you've read 3 or 4.

    Everybody here has different goals and time frames. Blindly following what someone else is doing (or says they are doing) is not a good long term plan.

    A vast majority don't have any goals beyond "making the maximum return". They figure if they can squeak out an extra 5% a year they'll be more than ahead and live even happier in retirement. They never thought to answer the question I asked you, "What happens when you go in one day and it goes down 5%"?

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  5. #99

    Join Date
    Mar 2020
    Location
    Cape Cod
    Posts
    98

    Default Re: Buy and Hold

    Any recommendations for books? I do not trade in individual stocks and I am unlikely to in the near future so the TSP is my only focus.


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  7. #100

    Default Re: Buy and Hold

    Here's one: OK, I'm a little biased. Revshark has a premium service here, if you didn't know...

    Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital Made a Fortune Investing in the Stock Market


    “The book you are holding is, hands-down, one of the most original and insightful books I have ever read when it comes to teaching you, the individual investor, not only why you have the ability to beat the Whales of Wall Street, but also how you can do it.”

    --from the foreword by James J. Cramer, CNBC’s Mad Money and TheStreet.com

    https://www.amazon.com/Invest-Like-S...6277469&sr=8-1

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  8.  
  9. #101

    Default Re: Buy and Hold

    Also just reading the free market commentary that Tom writes everyday will be helpful. If you're new to chart reading and don' know the lingo, we have a chart education page for a reference.
    TSP Talk Weekly Wrap Up |
    Chart Patterns |
    An ETF Trading Primer |

    Disclaimer: This is not advice or a recommendation.

  10.  
  11. #102

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    2,554
    Blog Entries
    45

    Default Re: Buy and Hold

    I wonder how much of the selling is re-balancing stocks into bonds. At least they were buying when it was going down and not "waiting for things to get better".

    ETFs Beloved by Mom and Pop Bleed Record Cash During Epic Rally

    During the furious sell-off in stocks last quarter amid the coronavirus pandemic, many retail buyers kept their faith in the market. As the S&P 500 bottomed on March 23, mom-and-pop darling VOO enjoyed three weeks of inflows. Since then, the trend has shifted -- with the fund seeing withdrawals week after week.
    agaewfawf.JPG

    https://www.bloomberg.com/news/artic...ing-epic-rally

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  13. #103

    Default Re: Buy and Hold

    Quote Originally Posted by Bullitt View Post
    I wonder how much of the selling is re-balancing stocks into bonds. At least they were buying when it was going down and not "waiting for things to get better".
    Rebalancing after a month like April makes sense, but the money doesn't seem to be going into bonds... yet, anyway. Gold is up, however.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  14.  
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