Anybody buying on this downturn?

[disneysteve]

The panic and ridiculousness is real.

You may think it's ridiculous, but at least the rest of the world is taking it seriously even though the US isn't.

[skives]

Tempted to throw 1k in a fidelity brokerage account and/or convert some 401k to Roth 401k.

[Like2Plan]

I bought some total stock market today for my IRA. I planto max out my 2020 contribution by the end of this month.

[james.hendrickson]

I bought some total stock market today for my IRA. I planto max out my 2020 contribution by the end of this month.

Great job Like2Plan

[parafly]

It's been a wild week, but I'd like to think I'm taking advantage of the opportunities! For the most part, I'm in it for the long haul so I'm buying the dips. I think we are near the bottom, but if the drop continues, I'll just keep buying. I've been accumulating some cash in my taxable brokerage accounts because we are overdue for a correction. Covid-19 is a good excuse for the market to take that correction. I can see the FED stepping in and lowering rates in their next session, which will make equities markets happy.

Bought the usual target fund in my Roth IRA on Wednesday and Friday. I typically dollar cost average once a month, but I am double dipping this month.

Bought shares of a high yield dividend fund and REIT fund on Wednesday and Friday in a taxable brokerage account. These are long term holds which is hopefully contribute to my early retirement plan.

Bought SPXS (S&P 500 Bear 3x) in a taxable brokerage account on Monday, sold on Friday for a 30% gain. Not too shabby. This certainly helps take some of the short term sting away.

[kork13]

I bought some total stock market today for my IRA. I planto max out my 2020 contribution by the end of this month.

That's actually fairly tempting.... But not sure if I'll go for it, but perhaps I'll follow parafly's lead and double-up my purchases... Buy my normal bi-weekly amounts into the IRAs, but also make the same buys on the off-weeks while the correction lasts.

My limit order for BRK.B (1 share) did execute this morning at $200 on one of its deeper dips, so I guess that makes me a buyer.

[Singuy]

Put in 6k from Roth 2020 account for some AMD, DIS, and SHOP.

[disneysteve]

Put in 6k from Roth 2020 account for some AMD, DIS, and SHOP.

DIS is certainly going to have a tough quarter or two. Even though they don't own the foreign parks outright, they still get a cut of the profits. Having the two China parks already closed for over a month and now Tokyo closing for at least the next couple of weeks is going to weigh down returns. Plus it remains to be seen what will happen under Chapek. He doesn't have the creative background or vision that Iger has.

[Singuy]

DIS is certainly going to have a tough quarter or two. Even though they don't own the foreign parks outright, they still get a cut of the profits. Having the two China parks already closed for over a month and now Tokyo closing for at least the next couple of weeks is going to weigh down returns. Plus it remains to be seen what will happen under Chapek. He doesn't have the creative background or vision that Iger has.

I am bullish on their streaming service as high margin software service which should give them a higher multiple than their current high operational cost for running the parks. Would probably won't buy Disney if wasn't for their streaming service, as it is turning into the Nintendo Switch of the streaming service world(as in you get it just to have Disney's backlog of videos on demand for the family, not really competing with any other services).

Talking about parks, they are the masters at printing money. Now they run hard ticketed events throughout the year at magic kingdom which yields them almost 150/day/person.

Also Star Wars land is a massive hit. It's causing Hollywood studios to be so packed that Slingy Dog line was 5 hrs long. Actually all the parks are insanely packed lately, probably due to SW.

So yes, Q1 Is gong suck, but that's what is priced in. And I believe Iger figured out the formula for Disney's success, just need to replicate it. So we are not looking for any new grand vision here.

[greenskeeper]

I buy on every downturn and upturn....steady monthly investments for the last 22 years and the next 25

[LivingAlmostLarge]

I bought a ton in January Roth IRAs $11k, two coverdells $6k, $25k for Kid's Investment Accounts, $6k in 529 plan for DK (VOO), and $50k in VTI for me and DH. I am going to dump another big chunk now. I think another $50-100k into the market and keep plowing more in.

[Like2Plan]

I am bullish on their streaming service as high margin software service which should give them a higher multiple than their current high operational cost for running the parks. Would probably won't buy Disney if wasn't for their streaming service, as it is turning into the Nintendo Switch of the streaming service world(as in you get it just to have Disney's backlog of videos on demand for the family, not really competing with any other services).

Talking about parks, they are the masters at printing money. Now they run hard ticketed events throughout the year at magic kingdom which yields them almost 150/day/person.

Also Star Wars land is a massive hit. It's causing Hollywood studios to be so packed that Slingy Dog line was 5 hrs long. Actually all the parks are insanely packed lately, probably due to SW.

So yes, Q1 Is gong suck, but that's what is priced in. And I believe Iger figured out the formula for Disney's success, just need to replicate it. So we are not looking for any new grand vision here.

I think you are going to do quite well in the long run. I was a little put off by all the substantial price increases in the past few years, but now that the new attractions are starting to come on line I am looking forward to seeing what is new in the parks. I have not been on the newest SW attraction, but I have heard it is like being in the movie--how cool is that! (I figure since you are local, though, you must have experienced it? )

[~bs]

Not really a market timer, but I see the current decline as an opportunity. Possible we're still early in the declines, so I favor a more methodical investment approach as the market declines.

My crystal ball is a bit hazy, but my guess is that if they announce that a vaccine has been developed that reduces mortality to flu-like rates or less, the stock market is going to skyrocket back up with relatively little chance to react for people snoozing on the sidelines. At least the US market... the fundamentals of US won't be hurt too badly by the viruses. Companies are still going to be sitting on piles of cash, lower debt, low interest rates, and products still demanded worldwide. All catalysts for the market to rebound. If corona virus does become common and a vaccine is developed, I envision that the annual flu shots would be administered as a "combo", covering both types of illness. If the virus spread is weakened by warmer temperatures, that too will cause the market to react positively. Then again this could be a months or even years long ordeal. It really depends on if they can contain it and the amount of damage done to the world economy.

[Petunia 100]

My portfolio had gotten out of whack, so I sold some bonds and bought some stocks. Now I will continue doing nothing, unless/until it gets out of whack again.

[kork13]

My portfolio had gotten out of whack, so I sold some bonds and bought some stocks. Now I will continue doing nothing, unless/until it gets out of whack again.

Thanks for the reminder -- I just went in and re-adjusted my retirement accounts back to their normal AA (90/10). With stocks dropping, my AA has drifted off to being about 84/16, and 5% off-plan is generally my trigger to do an out-of-cycle rebalancing (beyond my once-annual rebalance every January*).

*caveat: As busy as I've been the last 6 months, I'm actually not certain that I did my annual rebalance back around the new year, so I may simply be overdue anyway.... oops....