i've got a USAA credit card, that's about as much investment i've done with them.
I would wait until the market tanks, then buy those index funds. When it is looking the worst, when people are panicking and dumping stocks, that is the time to buy. The best bet really is jus to do dollar cost averaging - set an amount to contribute every month and just do it year in and year out.Is now the time to start dumping money into the market when I can? Looks like it might be a good time to start catching some stocks on the bottom end. I am investing through USAA right now, anybody here good or bad about their investments? Working on getting enough scratch together for one of the index funds they have.
Thanks Samsonskeg - RSTI added to my watch list and stock alerts. If the market dumps and that baby drops down around $35 again, I am going to seriously think about getting inRofin-Sinar Technologies - was looking at this yesterday, but i forgot about it and i was bussy with real life work
That's what I had planned on doing, the buy in for the index fund is set at $3k though with a minimum of $50/month invested. The key will be timing my buy in at the extreme low.I would wait until the market tanks, then buy those index funds. When it is looking the worst, when people are panicking and dumping stocks, that is the time to buy. The best bet really is jus to do dollar cost averaging - set an amount to contribute every month and just do it year in and year out.
I agree. I picked up more DXD (Proshares Dow short ETF) yesterday in my real account at lower prices. Time will tell.The Dow futures are down by about 40 points right now. January retail sales is announced tomorrow at 8:30am est. I don't think it's going to be pretty.
hahah yeah, i know better... I say after this game ends, we should start it again :deviousMost people lose money trading individual stocks. This game has been very enlightening. It is easy to make money in a rising market and easy to lose money in a falling one. It was funny, I mentioned in an earlier post to Samsonskeg when he was 50 grand ahead on his ballsy Ambac play that he should just sell and take the win. He replied that he wanted to keep with it and see where it would take him. He is currently below starting cash. Gotta love this game, volatile Mr. Market is a rude taskmaster :lol
My flaw as an investor is to trade too much. I have definitely become more picky about when I am willing to buy. There has to be a compelling entry point. For example, one of my favorite stocks is Mastercard. It trades from $188 or so to 210. During the January meltdown, it precipitously dropped to $160 for a day. That is the kind of entry point I want to be in a position to capitalize on. I was down on other investments and had no cash to apply to that and no way I will go on margin in real life, so I had to watch it go by. It was painful. Lesson learned, never be fully invested, always have some cash in the account. I have some cash in mine now, but it is earmarked for the Visa IPO on 3/19 :devious
I am actually excited the market is dumping. People thought I was chicken little, but I pulled 70% of my retirement money and put it in bonds and cash in September and December of last year. Now I am sitting, waiting for the darkest day, when there is blood in the streets, to roll it back in. That is how one makes money. Be greedy when others are fearful, and fearful when others are greeedy. Warren Buffett said that.
Anyway, I got knocked about a bit earlier this year in January, but these are learning experiences. I have been on the gas lately, making up for lost time playing the same investments (short ETFs) in my real portfolio the last month or so. Like me VSE portfolio, my goal is to break even in a down market and maybe even make some money. The thing is, I can't stomach hanging it all out in the real portfolio with actual money like I do in the VSE one, so the progress is slower. This game takes endurance over years, not months