Quote:
Originally Posted by Johnny199r
I haven't bought since the bear market began. If I was wise, I would have dollar cost averaged some money in by now. It's hard to know how much lower this thing goes. I personally believe we're not at the bottom yet.
I have felt exactly 0 motivation to sell. I have 25 years until retirement, the market will eventually go up again. Selling in bear markets is not a strategy I'd encourage (maybe this time really is different, but I doubt it)
I just hope that I have the confidence to fully take advantage of this great buying opportunity.
On the positive side, Mawer balanced fund has held up pretty well for me during this bear market. I was I could say the same about some index ETFs I own.
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You probably already realize, but with the indexes you get the whole downside and whole upside (less the fees). A balanced mandate is likely 60/40 or 65/35 so you have the bonds there to holdup when we have the downside. On the way up you probably lag the overall market because of the fixed income, but the point is its a less volatile ride in a mandate like that.
I'm just curious though, what do you think the bottom is? Is there a number or what kind of thing are you looking for?
Quote:
Originally Posted by Samonadreau
Be interesting when all the 1st quarter earnings reports come out in the next 2-3 weeks.
Kicker is that the 2nd quarter is likely to be WAY worse then the 1st for most. pretty sobering.
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It might be sobering for sure. But let's not forget, we all know the earnings reports will be terrible. Some companies have already begun reporting for Q1 and of course the results aren't good. Not saying that this is you, but in a general sense; if the plan is "earnings will be terrible and we'll see that buying opportunity", you might want to be careful. When everyone thinks that earnings are terrible and they meet that expectation, you're not likely going to see companies get hammered. That doesn't mean we've seen the bottom or you should do anything in particular, just pointing this out.