COVED Scare - Markets Are Down ... Time For Opportunity?

[Old Man Jingles]

I have been dollar cost averaging out of my 401k investments 10% per month into Guaranteed Government Securities with my last deduction last Thursday.
I'm sitting at 50% at the moment ...
... thinking about getting back into the stock market if the DOW hits 26,000 or roughly 10% drop.

Question: Do I just get back into the S&P or try and pick individual stocks?
I have made good returns in the past on 'fear based' drops in stocks in the past.

Delta was one that I made over 20% gain in a weeks time in a 'fear drop' back when a plane crashed in Queens after 9/11.
Delta is down today and trading at a P/E of 7 and down 12% in the last two days.

 

[35years]

Buy now.
Delta is a good value / fear play. Now at 46 it was 53 when you posted.
Vaccine is close to being developed in Israel...90-120 days out.

But what do I know?

 

[DELACROIX]

I have been dollar cost averaging out of my 401k investments 10% per month into Guaranteed Government Securities with my last deduction last Thursday.
I'm sitting at 50% at the moment ...
... thinking about getting back into the stock market if the DOW hits 26,000 or roughly 10% drop.

Question: Do I just get back into the S&P or try and pick individual stocks?
I have made good returns in the past on 'fear based' drops in stocks in the past.

Delta was one that I made over 20% gain in a weeks time in a 'fear drop' back when a plane crashed in Queens after 9/11.
Delta is down today and trading at a P/E of 7 and down 12% in the last two days.

UPS was one of the few stocks that slightly moved up in the last trade, everybody else took a hit. I believe the DOW did go down below 26,000, it is your call but I would seriously think about getting back into the markets again come Monday. Most of mine are in the SP500..kept it simple...Good luck on your decisions.

 

[Old Man Jingles]

Buy now.
Delta is a good value / fear play. Now at 46 it was 53 when you posted.
Vaccine is close to being developed in Israel...90-120 days out.

But what do I know?

I bought 3000 shares at $36.42 and felt really good about it.
Now it's $21.51 ... 5 years from now, I should have doubled my investment.
We'll see.

UPS was one of the few stocks that slightly moved up in the last trade, everybody else took a hit. I believe the DOW did go down below 26,000, it is your call but I would seriously think about getting back into the markets again come Monday. Most of mine are in the SP500..kept it simple...Good luck on your decisions.

A third in Delta and a third in S&P and kept a third in Government ST Bonds.

 

[no_map_needed]

It's tough because housing hasn't crashed and also a lot of companies are still going strong unlike in 08. Who knows when this will bottom out?



oil

 

[What'dyabringmetoday???]

I think his thread is a hoax.

 

[olroadbeech]

At our age we rarely buy individual stocks. Like to spread the risk in low cost index funds. There is a sector index fund for almost everything now. Not sure if there is a transportation index but now ( 3/28/20 ) with the Dow around 20k seems like a good risk.

We have been slowly moving funds into the s and p 500 the last couple weeks. I haven't looked at the balance sheet since this has all started . I know it's a lot less but am pretty sure it is coming back. A good opportunity is what I am willing to gamble on.