Author Topic: Be The Buff  (Read 2163 times)

GrowingTheGreen

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Be The Buff
« on: January 21, 2016, 12:13:27 PM »
Warren Buffett, that is.

I'm starting to see a lot of "the sky is falling" mentality not only on this forum, but all over the place. Now is the time to live by one of the most famous insights offered by the BuffMeister:

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

Now is the time to be buying. So is tomorrow. And next month. Even next year. I'll ride this thing all the way down, buying. And I'll ride it up, again, buying. Don't let fear consume you and sink your strategy. Dollar-cost-averaging is the name of the game! 

Let's see who disagrees with me!

#BeTheBuff

Seppia

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Be The Buff
« Reply #1 on: January 21, 2016, 01:54:38 PM »
It's insane, so many people preach the right thing to do when the markets go up, then they go down 10% from historical highs and everybody panics.

You know what's wrong if you're in accumulation phase? Selling. Ever.
Just keep buying and be thankful it's going down.

What's the matter with people?

I'm personally down about 15% on my current holdings (I hold a ton of Royal Dutch stock), and I'm only sad I cannot buy more.

At 35 and with a decent salary, I egoistically hope it really goes in the tank.
Yesterday I put some money into vanguards emerging market etf, at its lowest since 2009.

TheAnonOne

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Re: Be The Buff
« Reply #2 on: January 21, 2016, 02:44:30 PM »
At 35 and with a decent salary, I egoistically hope it really goes in the tank.


Agree to a point. On a purely math basis, sure, lowest price = highest profit. Though, I don't wish a full-on crash where I could become unemployed. That surely, would not do any wonders for my NW.

Heckler

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Re: Be The Buff
« Reply #3 on: January 21, 2016, 02:53:32 PM »
I egoistically hope it really goes in the tank.
Yesterday I put some money into vanguards emerging market etf, at its lowest since 2009.

I hope it goes down even more before Feb 16, when I can afford to buy $2.5k of EM, as its the furthest off my allocation.  That RSP contribution should get a nice tax return so I can turn around in March to prop up my Canada holdings which are in the next deepest shitter.

capitalninja

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Re: Be The Buff
« Reply #4 on: January 21, 2016, 02:55:04 PM »

At 35 and with a decent salary, I egoistically hope it really goes in the tank.
Yesterday I put some money into vanguards emerging market etf, at its lowest since 2009.

I'm loving this decline. I don't need the money right now so really enjoying increasing my holdings. Yesterday was especially nice. :-)

Seppia

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Re: Be The Buff
« Reply #5 on: January 21, 2016, 03:11:14 PM »

At 35 and with a decent salary, I egoistically hope it really goes in the tank.


Agree to a point. On a purely math basis, sure, lowest price = highest profit. Though, I don't wish a full-on crash where I could become unemployed. That surely, would not do any wonders for my NW.

I definitely see your point :)

forestj

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Re: Be The Buff
« Reply #6 on: January 21, 2016, 06:21:43 PM »
I'm  not shorting, but I'm glad to see equity valuations falling :) I feel like it brings the last few years into balance, and makes me more confident to sock my paychecks into the market. I have been waiting for this for years, and now's the time to buy, most likely tomorrow will be too metaphorically speaking -- and that's fine. No one knows what will happen. Even if we do have a real financial Armageddon, I'm still ready with a couple small tail hedges.  Calm and collected, slow and steady, wins the race.