Anyone buying stocks while they are on sale? - Paint Talk - Professional Painting Contractors Forum
CLICK HERE AND JOIN OUR COMMUNITY TODAY, IT'S FREE!
Go Back   Paint Talk - Professional Painting Contractors Forum > Paint Talk Community > Off Topic (Non Trade)

Reply
 
Thread Tools Display Modes
Old 01-15-2016, 07:04 PM   #1
Paint to fish

 
DeanV's Avatar
 
Join Date: Apr 2007
Location: MI
Posts: 9,442
Rewards Points: 160
Thanks: 958
Thanked 5,165 Times in 2,818 Posts
View DeanV's Photo Album My Photos
Default Anyone buying stocks while they are on sale?

I am toying with the idea of putting my 2016 IRA contributions in now since the market dropped quite a bit. I usually do that in the fall after busy season is finished and we know how the year went. Anyone else considering doing something like that?
DeanV is offline   Reply With Quote

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. PaintTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

Sponsored Links
Advertisement
 
Old 01-15-2016, 07:07 PM   #2
Senior Member
 
CApainter's Avatar
 
Join Date: Jun 2007
Location: San Francisco Bay Area, CA
Posts: 14,733
Rewards Points: 2,606
Thanks: 11,223
Thanked 9,644 Times in 5,483 Posts
View CApainter's Photo Album My Photos
Default

Quote:
Originally Posted by DeanV View Post
I am toying with the idea of putting my 2016 IRA contributions in now since the market dropped quite a bit. I usually do that in the fall after busy season is finished and we know how the year went. Anyone else considering doing something like that?
I contribute to a 401K managed by a well known investment company. I've been riding the highs and lows, and expect them to buy during the lows.
CApainter is offline   Reply With Quote
Old 01-15-2016, 07:21 PM   #3
Senior Member
 
Join Date: Oct 2012
Location: Delete this account
Posts: 8,761
Rewards Points: 250
Thanks: 4
Thanked 13 Times in 12 Posts
View Epoxy Pro's Photo Album My Photos
Default

I've been thinking about investing in more festool. ?. No really, stocks would be oil, not positive about other retirement plans yet.
Epoxy Pro is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 01-15-2016, 07:31 PM   #4
Senior Member
 
Join Date: Feb 2013
Location: Central MS
Posts: 5,771
Rewards Points: 82
Thanks: 9,862
Thanked 5,842 Times in 3,153 Posts
View slinger58's Photo Album My Photos
Default

Quote:
Originally Posted by DeanV View Post
I am toying with the idea of putting my 2016 IRA contributions in now since the market dropped quite a bit. I usually do that in the fall after busy season is finished and we know how the year went. Anyone else considering doing something like that?
The same thought crossed my mind with my IRA. The old adage "buy when it's low" comes to mind. I'm assuming you're in mutual fund?
__________________
Hanging on by a thread,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
slinger58 is offline   Reply With Quote
Old 01-15-2016, 07:35 PM   #5
Paint to fish

 
DeanV's Avatar
 
Join Date: Apr 2007
Location: MI
Posts: 9,442
Rewards Points: 160
Thanks: 958
Thanked 5,165 Times in 2,818 Posts
View DeanV's Photo Album My Photos
Default

yep. I got a few different mutual funds. I used stocks generically. Only stock I own is Berkshire B, but that is a whole slew of companies anyway so it is almost like a mutual fund.
DeanV is offline   Reply With Quote
Old 01-15-2016, 07:53 PM   #6
Senior Member
 
Join Date: Feb 2013
Location: Central MS
Posts: 5,771
Rewards Points: 82
Thanks: 9,862
Thanked 5,842 Times in 3,153 Posts
View slinger58's Photo Album My Photos
Default

The psychology of investing is a funny thing. We always wonder "will it go lower?" "Will it go higher?" With IRA's we're in for the long haul, so these little bumps in the road of highs and lows usually average out. I'm thinking now would be a good time to put in. Sure, it'll probably go lower; but it still beats putting in when it was higher.
__________________
Hanging on by a thread,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
slinger58 is offline   Reply With Quote
Old 01-15-2016, 08:13 PM   #7
Senior Member
 
Dave Mac's Avatar
 
Join Date: May 2007
Posts: 4,540
Rewards Points: 2,924
Thanks: 4,377
Thanked 2,492 Times in 1,405 Posts
View Dave Mac's Photo Album My Photos
Default

This thread came at a good time, I have been waiting for a good time to invest my ira into something, thinking Vanguard index fund
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

powerwashingcharlottenc
Housewashingcharlottenc
Dave Mac is offline   Reply With Quote
The Following User Says Thank You to Dave Mac For This Useful Post:
I paint paint (01-15-2016)
Old 01-15-2016, 08:16 PM   #8
Paint to fish

 
DeanV's Avatar
 
Join Date: Apr 2007
Location: MI
Posts: 9,442
Rewards Points: 160
Thanks: 958
Thanked 5,165 Times in 2,818 Posts
View DeanV's Photo Album My Photos
Default

I like the vanguard stuff. Have a few of theirs. Nice, low cost options. I have their s&p500, a small cap, and a mid cap index funds.
DeanV is offline   Reply With Quote
The Following User Says Thank You to DeanV For This Useful Post:
Dave Mac (01-15-2016)
Old 01-15-2016, 10:30 PM   #9
RH
Moderator
 
RH's Avatar
 
Join Date: Sep 2010
Location: Oregon
Posts: 19,223
Rewards Points: 6,864
Thanks: 11,852
Thanked 15,533 Times in 8,182 Posts
View RH's Photo Album My Photos
Default

We are pretty heavily invested in a slew of mutual funds which are fairly low risk at this point. We will certainly lose some but most of these "adjustments" in the market are to be expected so we've just learned to ride it out like in the past.
__________________
“Getting an inch of snow is like winning ten cents in the lottery.”

Bill Watterson
RH is online now   Reply With Quote
The Following User Says Thank You to RH For This Useful Post:
Gough (01-15-2016)
Old 01-16-2016, 12:11 AM   #10
Senior Member
 
Sully's Avatar
 
Join Date: May 2011
Location: Philadelphia
Posts: 589
Rewards Points: 536
Thanks: 171
Thanked 268 Times in 158 Posts
View Sully's Photo Album My Photos
Default

Starbucks
Sully is offline   Reply With Quote
Old 01-18-2016, 01:52 AM   #11
Senior Member
 
Join Date: Sep 2013
Location: Seattle, WA
Posts: 1,273
Rewards Points: 199
Thanks: 85
Thanked 410 Times in 307 Posts
View PNW Painter's Photo Album My Photos
Default

This dip could be a great buying opportunity. Rather than invest everything right now, I'm investing 25% now and will continue to invest over the next year to mitigate the risk of further declines.

I talked to my advisor on Friday and he said that until we stop seeing daily 400 pt swings that it might be prudent to wait until the markets calm. It also depends on your appetite for risk and how soon you may need the money.


Sent from my iPhone using Tapatalk
PNW Painter is offline   Reply With Quote
Reply

Tags
None

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Leasing or Buying? ElTacoPaco Business, Marketing, and Sales 4 12-26-2015 01:06 PM
Buying another truck maybe a Vette as well. Epoxy Pro Business, Marketing, and Sales 28 12-14-2015 05:27 AM
Buying a sprayer. Titan 440 or spring for the 640? RP Mike Tools, Supplies and Equipment 11 10-25-2015 07:42 PM
Titan 440I and Graco 495st Pro for sale The Cutting Edge For Sale or Trade 1 10-25-2015 05:39 PM
Moving sale daArch For Sale or Trade 11 10-25-2015 12:54 PM


All times are GMT -4. The time now is 03:22 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.1
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
Our Pro Sites Network
ContractorTalk.com | DrywallTalk.com | ElectricianTalk.com | HVACSite.com | PlumbingZone.com | RoofingTalk.com