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progree

(11,463 posts)
7. My "circuit breaker" got triggered today. With S&P 500 closing down 25% from all-time high.
Thu Mar 12, 2020, 08:42 PM
Mar 2020

My instructions to myself that I made a 2 or 3 years ago was to sell my fixed income stuff (mostly bond funds) and buy equities when the 25% down point is hit. It's been hit. Today.

I used to be nearly 100% equities as far as my equities - fixed income mix. Ever since about 2000. Then in April 2019 and in August 2019 after some really dotish and frightening actions by the Dotard-In-Chief, I decided that I should move toward the asset allocation that the "experts" recommend for someone at my age in station and life -- something like 60 equity - 40 fixed income.

The main reason for doing that was to have something to buy equities with when they got cheap. The time has come for me to put up or shut up.

Anyone know what a good choice for a broad equity group is historically for times like these -- a recovery from a big plunge? I mean things like small cap value. Or large cap growth. Or whatever. I am not at all interested in individual stocks.

Sounds like a good idea, but I'm not a trader, elleng Mar 2020 #1
And that is fair enough.... A HERETIC I AM Mar 2020 #2
I agree, but won't have 'spare dollars' for a month or so; elleng Mar 2020 #4
A month from now (or two months from now) lastlib Mar 2020 #11
I think so too. elleng Mar 2020 #12
Yes, for those who have some spare cash, this is a good time to start buying. PoindexterOglethorpe Mar 2020 #3
Sorry, but things have changed in the past few days. question everything Mar 2020 #14
yep. I'm considering dollar cost averaging my way back in. Pobeka Mar 2020 #5
Loud and clear!! Kilgore Mar 2020 #6
My "circuit breaker" got triggered today. With S&P 500 closing down 25% from all-time high. progree Mar 2020 #7
Perhaps the Consumer Cyclicals. A HERETIC I AM Mar 2020 #8
Thanks! I'm surprised it didn't pass through my mind, considering I had "cycles" in mind! but yeah progree Mar 2020 #9
As Rothchild said "the time to buy is when there is blood in the streets" nt mitch96 Mar 2020 #10
COSTCO, Procter and Gamble (the makers of Charmin TP) question everything Mar 2020 #13
One does not have to sell equities in order to make IRA withdrawals (RMD's or otherwise) progree Mar 2020 #15
Are both the IRA and the taxable account held by the same firm? question everything Mar 2020 #16
In my case, yes, for the IRA RMDs (Fidelity) and Roth conversions (Vanguard) progree Mar 2020 #17
Update: I just tried Fidelity IRA RMD withdrawal via direct transfer of shares to a regular progree Mar 2020 #18
Well, will take my time. Obviously will have to do it by phone so will wait. question everything Mar 2020 #19
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