Comments on: Is This a Buying Opportunity? http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Reader Question: What to Do if a Bear Market is Coming? - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-87526 Reader Question: What to Do if a Bear Market is Coming? - The Sun’s Financial Diary - Accumulating wealth is like building The Great Wall, one brick at a time Thu, 08 Mar 2007 16:32:32 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-87526 [...] Should we see it as a buying opportunity? [...] [...] Should we see it as a buying opportunity? [...]

]]> By: AllFinancialMatters » Blog Archive » JLP’s Weekly Roundup XL http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86514 AllFinancialMatters » Blog Archive » JLP’s Weekly Roundup XL Fri, 02 Mar 2007 18:14:46 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86514 [...] Flexo asks, “Is this a buying opportunity?” [...] [...] Flexo asks, “Is this a buying opportunity?” [...]

]]> By: Marshall Middle http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86217 Marshall Middle Wed, 28 Feb 2007 23:32:30 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86217 I would definitely invest. Buy low, sell high I would definitely invest. Buy low, sell high

]]> By: Sun http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86208 Sun Wed, 28 Feb 2007 22:05:49 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86208 I'd say Buy, Buy, Buy as well and that's exactly what I did: I added nearly $6000 more yesterday and today. If I am a long-term investor and plan to hold my investments for 10, 20 years, why would I care a 4% drop in one day and see it other than an opportunity to add more shares at a relatively lowered price? I won't be all my money on it, but I am not going to sit idle while speculating when the correction, if there's one, will be over, which I will never know. By that time, it's probably too late to buy low. I’d say Buy, Buy, Buy as well and that’s exactly what I did: I added nearly $6000 more yesterday and today. If I am a long-term investor and plan to hold my investments for 10, 20 years, why would I care a 4% drop in one day and see it other than an opportunity to add more shares at a relatively lowered price? I won’t be all my money on it, but I am not going to sit idle while speculating when the correction, if there’s one, will be over, which I will never know. By that time, it’s probably too late to buy low.

]]> By: Jerry http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86200 Jerry Wed, 28 Feb 2007 21:00:44 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86200 I've been waiting until April to fund our Roths, but I'm tempted to do so tonight. I doubt it'll make that big of a difference with the $$$ amount that we're putting in but every little bit helps. I’ve been waiting until April to fund our Roths, but I’m tempted to do so tonight. I doubt it’ll make that big of a difference with the $$$ amount that we’re putting in but every little bit helps.

]]> By: Bobby http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86198 Bobby Wed, 28 Feb 2007 20:56:21 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86198 Personally I am not planning on changing anything. I am in for the long haul... Personally I am not planning on changing anything. I am in for the long haul…

]]> By: Easy E http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86194 Easy E Wed, 28 Feb 2007 20:07:59 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86194 I think we are head for recession and the credit bubble will be bursting. I think we are head for recession and the credit bubble will be bursting.

]]> By: Lazy Man and Money http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86192 Lazy Man and Money Wed, 28 Feb 2007 19:59:34 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86192 I think that Kevin and Adil are actually agreeing to some extent. Adil notes that stocks have been driven up and Kevin says it's a pullback from the 14% gains we've seen lately. It was bound to happen. Things may go up or down 3-4% in the short term, but in the next two years, I think we'll be at above. I'd look for companies that you like at a price point you like. I don't think the fundamentals have changed, so you it's really just a sale. I think that Kevin and Adil are actually agreeing to some extent. Adil notes that stocks have been driven up and Kevin says it’s a pullback from the 14% gains we’ve seen lately. It was bound to happen. Things may go up or down 3-4% in the short term, but in the next two years, I think we’ll be at above.

I’d look for companies that you like at a price point you like. I don’t think the fundamentals have changed, so you it’s really just a sale.

]]> By: mapgirl http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86187 mapgirl Wed, 28 Feb 2007 19:40:39 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86187 I wish I could go nuts and buy like crazy. But I'm sticking with my mutual funds for now. It's interesting. I took nary a hit in my rollover IRA from one company, and took the same 4% dip as the market in my current 401k plan. Makes me wonder if I should model my portfolio to the rollover IRA. (which has had admirable performance over the last three years, averaging over 15% for 4 funds.) I wish I could go nuts and buy like crazy. But I’m sticking with my mutual funds for now. It’s interesting. I took nary a hit in my rollover IRA from one company, and took the same 4% dip as the market in my current 401k plan. Makes me wonder if I should model my portfolio to the rollover IRA. (which has had admirable performance over the last three years, averaging over 15% for 4 funds.)

]]> By: Golbguru http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86184 Golbguru Wed, 28 Feb 2007 19:23:42 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86184 That's exactly what I have been thinking in the last 10~12 hours. I emailed a few investing-intensive blogger friends asking for their recommendation....sadly, they didn't encourage me much. They said something to the tune of what Kevin says above. :) That’s exactly what I have been thinking in the last 10~12 hours. I emailed a few investing-intensive blogger friends asking for their recommendation….sadly, they didn’t encourage me much. They said something to the tune of what Kevin says above. :)

]]> By: klerg http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86177 klerg Wed, 28 Feb 2007 17:45:12 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86177 I say BUY BUY BUY!!! Or at least, put some money into one of your retirement accounts! I say BUY BUY BUY!!!

Or at least, put some money into one of your retirement accounts!

]]> By: Phil http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86174 Phil Wed, 28 Feb 2007 17:02:20 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86174 I'm about to change jobs and will have to roll over my 401k balance. I'm worried the market drop means this is bad timing for me. Will rolling it over have the same effect (not considering taxes and penalties) as if I'd pulled my money out? pt I’m about to change jobs and will have to roll over my 401k balance. I’m worried the market drop means this is bad timing for me. Will rolling it over have the same effect (not considering taxes and penalties) as if I’d pulled my money out?

pt

]]> By: Kevin M http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86172 Kevin M Wed, 28 Feb 2007 16:38:12 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86172 I believe Adil is incorrect. How do you gauge what's an expensive stock? The last bear market started when stocks were trading at an average of 26 times earnings. As of Monday they were only trading at an average of 16 times earnings. Historically, that's a low number. I see this as a blip. Merely a pullback from 14% gains we've seen since July. I believe Adil is incorrect. How do you gauge what’s an expensive stock? The last bear market started when stocks were trading at an average of 26 times earnings. As of Monday they were only trading at an average of 16 times earnings. Historically, that’s a low number.

I see this as a blip. Merely a pullback from 14% gains we’ve seen since July.

]]> By: tmg http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86169 tmg Wed, 28 Feb 2007 16:14:25 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86169 I own a lot of company stock, and it lost at least $10k in value in the past week, but I'm not worried at all. Whether a correcting trend or a short-term blip, I take the long, long view on all my investments and believe I'll come out on top in the far future. I own a lot of company stock, and it lost at least $10k in value in the past week, but I’m not worried at all. Whether a correcting trend or a short-term blip, I take the long, long view on all my investments and believe I’ll come out on top in the far future.

]]> By: Adil http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86164 Adil Wed, 28 Feb 2007 15:16:18 +0000 http://www.consumerismcommentary.com/2007/02/28/is-this-a-buying-opportunity/#comment-86164 I have been sitting on cash for the last 4 months exactly because I knew something like this was inevitable. Stocks are just too expensive at the moment and have been driven up by speculators. This correction is not over by any means, in my opinion. I have been sitting on cash for the last 4 months exactly because I knew something like this was inevitable. Stocks are just too expensive at the moment and have been driven up by speculators. This correction is not over by any means, in my opinion.

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