Ask Rande 10,000+
- Erik75
- JohnSavage
- David_Korn
- Rande
- Rande
- David_Korn
- Bernie777
- Erik75
- Kirk
- Kirk
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» Erik75 - Re: Re: Re: ***SPECIAL ALERT***ACT IMMEDIATELY***ACTION BULLETIN
In response to message posted by Rande:It's a personal decision to be overweighted in any particular sector of the market,
Rande, I definitely don't plan to turn them into cash. I'm not the capitulating type. Having at least two good options that can't do much damage is comforting.
The first good news is that since the QQQs took a dump I am no longer overweighted in tech ;-)
The second bit of good news is that I can only lose 1/2 as much on the QQQs as I have already lost, even if they go to zero, which they won't.
Interestingly enough, they are down to almost exactly 4% of my portfolio which some talk show guru said is the most you should put in a single stock. I can be comfortable with holding them or DCAing into a broad market index fund. I may have to flip a coin to decide.
-- posted by Erik75
» JohnSavage - Re: Re: Re: Re: Re: ***SPECIAL ALERT***ACT IMMEDIATELY***ACTION
Rande, Is there a website where I can get information about xlk? Thanks again.-- posted by JohnSavage
» David_Korn - Special Alert ! Act Immediately! Special Alert Bulletin!
Special Alert!Act immediately: Diversify your holdings, and dollar cost average into the total stock market index with the proper percentage allocated to bonds depending on your situation.
yawn. 
-- posted by David_Korn
» David_Korn - Re: Re: Special Alert ! Act Immediately! Special Alert Bulletin!
In response to message posted by Rande:none that I am aware of! (plus it isn't as much fun)
but who said investing was supposed to be fun right!
-- posted by David_Korn
» Erik75 - Re: Re: Re: Re: ***SPECIAL ALERT***ACT IMMEDIATELY***ACTION BULL
In response to message posted by Erik75:I can be comfortable with holding them (QQQ) or DCAing into a broad market index fund. I may have to flip a coin to decide.
After some thought, I realized that DCA only works for you when moving from a less volatile source of money (usually cash) to a more volatile fund or stock. When going the other way it works against you doh!
I need to cogitate a bit on SCA (share cost averaging), moving the same number of shares each interval. Seems right for selling off stock when you have a lot of time, maybe also right for moving from a more volatile equity fund to a less volatile equity fund. If cogitating makes my head hurt to much I will do a spread sheet.
-- posted by Erik75
» Kirk - Re: vipers vs. total market fund
In response to message posted by Bernie777:If you dollar cost average into vipers there is a commsission to be paid each time. Isn't it better to use the mutual fund, either Vanguard or Fidelity for DCA?
Famous answer: It depends
IF you are DCA'ing in $100 a month, then paying a commission doesn't make sense.
but
IF you have a $12M windfall that you want to put into the market in 12 steps of $1M each, THEN who cares if you pay $15 to Fidelity to buy a Viper?
Always a good idea to make a spreadsheet and work out the total costs for the period you plan to hold. Sometimes the commissions will pay for the lower expenses over 20 years... especially since commissions are paid once...
As always, the actual answer will depend on expenses for each option, amount of money and period held before selling.
-- posted by Kirk
» Kirk - Mutual Fund Tax Loss Selling
RandeI hear people talk about not buying beaten down stocks because mutual funds will sell these by October for tax loss selling.
This seems suspect to me. Mutual funds need to have capital gains to offset before they can sell stocks for a tax loss to offset the gains. I am not aware of many funds that have been making money the past two years if they were the types that invest in tech stocks or others that are way, way down.
Perhaps some that went to a larger cash position earlier in the year like Fidelity Contra will have gains to offset?
The individual investor might not have any gains this year to offset so the Dec. tax loss selling could be really small...
then again... who knows?
-- posted by Kirk
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