Author Topic: Psychological Issue w/ Buy and Hold in Taxable Accounts  (Read 13249 times)

KBecks2

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Re: Psychological Issue w/ Buy and Hold in Taxable Accounts
« Reply #50 on: July 18, 2015, 07:19:30 AM »
The best ways to get dips is do dollar cost average in.  Doing an auto monthly deposit will help you overcome yourself!

You will pay taxes when you sell, and shuffling is not productive.  Do you need money in the next 3-5 years?  Don't invest it, keep it in savings.

I would never trade funds, to be honest.  Pick the general S&P 500 and you'll be fine, especially if you don't have time or interest to follow individual stocks.  If you want control, research and purchase individual stocks and HOLD them. 

Saving regularly is the most important thing!  When I was younger I did S&P 500 and the money builds up, it works, it's easy, it's headache-free.  US stocks are good, this is the best economy in the world.

Best wishes!!

KBecks2

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Re: Psychological Issue w/ Buy and Hold in Taxable Accounts
« Reply #51 on: July 18, 2015, 07:25:13 AM »
If you already cashed out just trust the decision you have already made. October is said to be the best time to invest. September is famously a bad month. Of course you could always just buy Disney on the next dip. I started buying at $92 and I have been saying that in this forum since it was $105. Im still saying it a $118. Disney should do well through the summer and explode right when Star Wars comes out.

Be passive or be aggressive-- but whatever you do, don't be passive-aggressive

Do you realize how little Star Wars will contribute to Disney's bottom line? Even if it broke every record out there and made $3b in gross revenues, it would still be a drop in the bucket (studio entertainment has been consistently contributing between 12-15% of net earnings) when compared to Disney's earnings from ESPN and other network programming (66% of net earnings).

Star Wars will be more than just movies, of course!   But, even though I invest in DIS I would not recommend any individual company to the OP at this time unless s/he is interested in that type of thing.  Urges to buy and sell are magnified with individual stocks vs. stock funds, and an index will be easier to hang onto without wanting to trade it. 

If OP will buy individual stocks and follow the conference calls and earnings reports, etc. etc.  that's OK, but I'm not sensing that's one of their preferred choices.