I've been nibbling as this stock market does its roller coaster ride.

Anyone here doing the same? I figure that if I plan to hold long term, it should be ok.

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Ben
1987 190d 2.5Turbo

I'm kicking myself for not having enough money free to do so, sadly its all tied up in a project that's taking longer than expected.

Lots of good deals out their, can't be to hard to get a good ROI on any investment.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Not yet. Theres more LOLz to come next week.

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CENSORED due to not family friendly words

I made $258 on Tuesday off a $10k buy.

I pretty sure I lost it all Wed. I've not looked yet today to see where that fund stands.

Hedge fund managers are loving it. They just go short and long on everything, and ride the wave. I'm sitting it out.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

I've been adding to several positions I already had. So far, I've been rewarded quite well for buying on these dips.

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

oh, do tell?

I moved everything into a fixed income fund about a year ago when things started to sink again for a while.

I'll take a look at the trends and may dump 50G or so into the stocks again when I feel like the time is right.

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-Evan


Benz Fleet:
1968 UNIMOG 404.114
1998 E300
2008 E63


Non-Benz Fleet:
1992 Aerostar
1993 MR2
2000 F250

Up 400 pts because France and Italy are going to ban short selling. BUY BUY BUY... right?
lol

See you monday.

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CENSORED due to not family friendly words

I've been a fan of buying the dips for many years. Over time it's worked very well. I'd never try to trade this market, but I absolutely add to existing positions when the opportunity comes along.

Warren Buffett said on Wed. that he hopped the market goes down more because he is buying everything he can get hold of.

Investors who try and time the market almost always fail.

To be successful, you need to time two decisions correctly: to buy at a low, and to sell at a high.

Most people can't even make one decision correctly.

Study after study shows that market timers fail to match the returns of those that just buy and hold.

Look at Warren Buffett. Would you call him a market timer?

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Paul S.

2001 E430, Bourdeaux Red, Oyster interior.
79,200 miles.

1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron".

Yes.

His timing is to buy shares in well-run companies and hold them for a long time.

That's my kind of speculator.

Exactly.

His philosophy is best explained in this 1996 Annual Report of Berkshire Hathaway:

“Inactivity strikes us as intelligent behavior. Neither we nor most business managers would dream of feverishly trading highly-profitable subsidiaries because a small move in the Federal Reserve’s discount rate was predicated or because some wall street pundit had reversed his view on the market. Why, then, should we behave differently with our minority positions in wonderful businesses?” “…we keep most of our major holdings regardless of how they are priced relative to (current) intrinsic business value…a ‘til death do us part attitude… As investors, our reaction to money managers who trade stocks daily is much like our attitude toward space exploration. We applaud the endeavor but prefer to skip the ride. …Indeed ‘institutional investor’ is becoming one of those self-contradictions called an oxymoron, like ‘jumbo shrimp’, lady mud-wrestler’, and ‘inexpensive lawyer.’”

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Paul S.

2001 E430, Bourdeaux Red, Oyster interior.
79,200 miles.

1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron".

Paul, years ago on this board you offered a similar opinion and that stuck with me. I am reminded of a brilliant colleague of mine, a research statistician who turned his esoteric pursuit to the dark side applying multivariate markov chains to trade analysis. He is making 4% PER MONTH off of trading gold. He looks for small changes in gold value with respect to several currencies, as I understand it. He also takes physical possession, which to me compounds his madness.

Another friend, this one from childhood, received his MA in philosophy and PhD in mathematics. He applied that brain power to online trading. He lives with his mom now, after losing his family's savings, his retirement investments, his wife's investments, his house, cars, and his wife divorced him.

I prefer long term investment, thank you.