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LineSkiCat14

LineSkiCat14

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In general, what's everyone play according to retirement accounts? Just sit on them? Any reallocating? It seems like the stocks are going to take an inevitable hit, and a big one at that.

I know, I know it's "timing the market"..
 
AustinTXCat

AustinTXCat

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LineSkiCat14 said:
In general, what's everyone play according to retirement accounts? Just sit on them? Any reallocating? It seems like the stocks are going to take an inevitable hit, and a big one at that.

I know, I know it's "timing the market"..
Click to expand...
In my Charles Schwab account (Roth IRA), which I also call my "trash finds" account, I'm averaging down into a small cap fund. At one point, this account equaled ~65% in cash. Now is a good time to invest some of that money sitting on the sidelines.

I'm also slowly averaging down into a few other stocks.

Some good deals showing up out there after the current fire sale.
 
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bluthruandthru

bluthruandthru

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Decreasing my 401k contribution to the match max (6%) for a few paychecks. Will put that money into taxable account as this crisis settles. Should be able to easily beat the tax advantage I'll miss. (Unless I can still max it out)

Already maxed my Roth so it's hold on...

Have some savings that I will buy up some good deals in a few weeks.

That's the plan.
 
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BlueBallz_rivals30790

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I"m still maxing my 401k but just switched my contribution to a bond fund, so it will probably sit there for a while. I'm new with the company, so I haven't had much of a total contribution yet. I met with my financial guy for my main retirement and have 1/3 in fixed income right now. I have alot of my personal in cash, which I've had for a while, then my "play" stocks which I've been building up. Hopefully I've mitigated some risk to additional downturn. I don't feel good about just selling off now though, so will probably hang tight for what I have. I"m sure it will go down some more, I just have to suck it up for a while.
 
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BlueRaider22

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LineSkiCat14 said:
In general, what's everyone play according to retirement accounts? Just sit on them? Any reallocating? It seems like the stocks are going to take an inevitable hit, and a big one at that.

I know, I know it's "timing the market"..
Click to expand...



No change currently in retirement accounts. However, what I might do within the next few months......
-Add stocks to my Roth to take advantage of any deals out there
-Increase contributions to take advantage of deals across the board


....But most all of my attention will be on my taxable portfolio. I'm saving up more and more cash, ready to strike when I see opportunities.
 
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anon_l8pbkn96tg3j6

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I'm trying to figure out how much I can send Peter Schiff. The fed has been like Randy Marsh covered in ***** for the past couple weeks and the market does not care. Schiffs thesis has always been what happens when stimulus stops working, well its not going to make scared people leave their house to attend canceled events or shop at closed stores..... soooooo what's the endgame?
 
LineSkiCat14

LineSkiCat14

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BlueBallz said:
I"m still maxing my 401k but just switched my contribution to a bond fund, so it will probably sit there for a while. I'm new with the company, so I haven't had much of a total contribution yet. I met with my financial guy for my main retirement and have 1/3 in fixed income right now. I have alot of my personal in cash, which I've had for a while, then my "play" stocks which I've been building up. Hopefully I've mitigated some risk to additional downturn. I don't feel good about just selling off now though, so will probably hang tight for what I have. I"m sure it will go down some more, I just have to suck it up for a while.
Click to expand...

You switch all of it to a Bond fund? Thats kind of what im thinking.. or at least a portion. Right, we have to assume stocks are going to plummet next week.. why not pull out, even just for one week, and then buy in next monday? What are the chances that in doing so, we miss on some growth day? Has to be slim.
 
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BlueBallz_rivals30790

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LineSkiCat14 said:
You switch all of it to a Bond fund? Thats kind of what im thinking.. or at least a portion. Right, we have to assume stocks are going to plummet next week.. why not pull out, even just for one week, and then buy in next monday? What are the chances that in doing so, we miss on some growth day? Has to be slim.
Click to expand...

No, just my contributions going forward, I'll probably sit it there for a while. I've only been contributing for about 5 months since it's a new company, so there's only around $7500 in my new work 401k. Stocks will be hurting a long time, we'll see how this domino's over the next few earnings periods. I do remember in 2008 when Nasdaq temporarily lifted the delisting rule if a stock fell under $1 for 30 days. I think we'll see that again.
 
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Louis_Skunt

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Ive read a bunch about EPD. A few are forecasting it to blow up. Was thinking of buying Disney or Coca Cola in the next few days, but EPD is pulling on me.
Thoughts?
 
rbs

rbs

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BlueBallz said:
I"m still maxing my 401k but just switched my contribution to a bond fund, so it will probably sit there for a while. I'm new with the company, so I haven't had much of a total contribution yet. I met with my financial guy for my main retirement and have 1/3 in fixed income right now. I have alot of my personal in cash, which I've had for a while, then my "play" stocks which I've been building up. Hopefully I've mitigated some risk to additional downturn. I don't feel good about just selling off now though, so will probably hang tight for what I have. I"m sure it will go down some more, I just have to suck it up for a while.
Click to expand...
LineSkiCat14 said:
You switch all of it to a Bond fund? Thats kind of what im thinking.. or at least a portion. Right, we have to assume stocks are going to plummet next week.. why not pull out, even just for one week, and then buy in next monday? What are the chances that in doing so, we miss on some growth day? Has to be slim.
Click to expand...

Interesting.

About 4 months ago, sensing the market was over-valued, I literally moved everything in my 401(k)/457 accounts to fixed contract, and then 2 months ago I moved those 401(k)/457 fixed contract funds and consolidated it with an existing IRA with my financial advisor with those 401(k)/457 fixed contract dollars moving into iShares Short-Term Corporate Bond ETF (IGSB). The IRA was then adjusted to more of a dividend model of ETFs and stocks, along with IGSB.

In so doing, I missed a little of the peak market gains, but missed a good amount of the negative downturn.

That all said, in the last 3 days I have sold about half of the IGSB from my IRA and purchased SPDR S&P 500 ETF Trust (SPY). The calculus was to sell IGSB with a negligible loss in order to purchase SPY that is down 25+%.

The market may still lose some more, but I, like others, are hoping we are nearing the bottom ... time will tell .. and once things hopefully settle down (average bear market is around 200 trading days) to be positioned for the steady climb back up later this year. A key will be to avoid some of the normally reliable stocks that unfortunately I fear are going to have a difficult time recovering from this current mess that we find ourselves in.
 
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BlueRaider22

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Louis_Skunt said:
Ive read a bunch about EPD. A few are forecasting it to blow up. Was thinking of buying Disney or Coca Cola in the next few days, but EPD is pulling on me.
Thoughts?
Click to expand...


Depends on the rest of your portfolio. 99x out of 100, I would go with the more established companies. So, KO and Dis are my choices.
 
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AustinTXCat

AustinTXCat

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Now I realize the reason my General Mills (GIS) stock decline was much less than the overall market. Stock price in fact appreciated briefly this past Friday.

Cereal aisle at another HEB I visited this afternoon. My second visit to the grocery store today:



Shelf space at this store is double a typical Publix or Kroger back east. I know this because my little brother is a Publix exec and buyer, who accompanied me to this very outlet in Oct, 2015.

"Where there's chaos, there's money".
 
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H. Lecter

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I can retire in about 10 years. I have a pension and have been investing in my 401k for 20 years. 10% traditional and 10% in Roth. I was willed some money and paid off my house and have a decent emergency fund. I also have around $10k in a Smith Barney money market account that I’ve been wondering what to do with. I’m thinking just to tell the folks to invest it for me. What do you smart folks think?
 
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Rupp'sRunt

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Listen hear you fellow stock friends. Put your money into puts. I really don't give a **** what it is, pick something you hate. Put it. Pick something you love. Put it. decent strike price 3 months out. You'll print money. Buying stocks rn is a fools game. Thanks for listening to my ted talk.
 
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jameslee32

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The 30-pack of Kirkland TP was in stock but going fast in Florence Costco. They had a sign out front by the entrance displaying the various necessities and whether they are stocked or not.

KR has been a real Godsend in these times. It out-performs in downturns and just sucks the rest of the time. I kick myself for not buying more every single time it takes a 25% haircut. I have a small amount of IAU also which is a gold ETF that gives me the same effect more or less.
 
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AustinTXCat

AustinTXCat

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jameslee32 said:
The 30-pack of Kirkland TP was in stock but going fast in Florence Costco. They had a sign out front by the entrance displaying the various necessities and whether they are stocked or not.

KR has been a real Godsend in these times. It out-performs in downturns and just sucks the rest of the time. I kick myself for not buying more every single time it takes a 25% haircut. I have a small amount of IAU also which is a gold ETF that gives me the same effect more or less.
Click to expand...
Love KR stores. None here anymore in Central TX because HEB priced them out. Our closest are Dallas or Houston. I owned KR years ago, but sold. May look at it again on the next dip.

My General Mills (GIS) stock is hitting 52-week highs today. Crazy. Earnings due out 03/18. I guarantee if earnings miss happens tomorrow, they beat big-time next quarter. Consumers going insane over packaged food right now.
 
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jameslee32

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AustinTXCat said:
Love KR stores. None here anymore in Central TX because HEB priced them out. Our closest are Dallas or Houston. I owned KR years ago, but sold. May look at it again on the next dip.

My General Mills (GIS) stock is hitting 52-week highs today. Crazy. Earnings due out 03/18. I guarantee if earnings miss happens tomorrow, they beat big-time next quarter. Consumers going insane over packaged food right now.
Click to expand...
KR is close to a 52-week high as well. KR is my 3rd largest IRA position with an unrealized 50% gain but if I had any balls, it would be 2nd largest.

CPB and CLX were doing great last I looked also. Boring and almost necessary in times like these. Wish I owned them. PG is hanging in there some though.
 
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lz

lz

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BlueThruAndThru said:
Decreasing my 401k contribution to the match max (6%) for a few paychecks. Will put that money into taxable account as this crisis settles. Should be able to easily beat the tax advantage I'll miss. (Unless I can still max it out)

Already maxed my Roth so it's hold on...

Have some savings that I will buy up some good deals in a few weeks.

That's the plan.
Click to expand...
Smart, keep doing that I say, I used a $100,000 taxable account and $30,000 of Roths I had built up to tide us over 4 years into retirement without getting into our IRAs, better to pay cap gain tax than 100% tax on regular IRA withdrawals.
 
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lz

lz

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H. Lecter said:
I can retire in about 10 years. I have a pension and have been investing in my 401k for 20 years. 10% traditional and 10% in Roth. I was willed some money and paid off my house and have a decent emergency fund. I also have around $10k in a Smith Barney money market account that I’ve been wondering what to do with. I’m thinking just to tell the folks to invest it for me. What do you smart folks think?
Click to expand...
Look at what James Lee below is doing, plus Austin and others have good advice. I nibbled at MA today, it’s been hit too hard, hope it drops more!
 
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AustinTXCat

AustinTXCat

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Well, at least I earned $130 day-trading ALLY and WEN today. Not bad.

Now ask me how much my portfolio has lost over the past month. :(. Wait. Don't.

By the way, I also signed up for an Ally online bank account last night. Includes a little bonus and decent CD rates.
 
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Deeeefense

Deeeefense

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AustinTXCat said:
Well, at least I earned $130 day-trading ALLY and WEN today. Not bad.

Now ask me how much my portfolio has lost over the past month. :(. Wait. Don't.

By the way, I also signed up for an Ally online bank account last night. Includes a little bonus and decent CD rates.
Click to expand...

Just keep looking at your General MIlls stock - hide the other crap.:cool:
 
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Deeeefense

Deeeefense

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Exactly! That's what we did during the automobile relief package and it was largely successful.
 
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