Agreed. In the 2008-2009 crisis, most bottom feeders were buying in Nov-Dec 2008. The bottom was not until March 2009 but that is/was relatively irrelevant over the longer term.If you can estimate the near bottom correctly. Of course if you have a very long hold time it's not as important.
It's good to stick to your asset allocation. For me cash is above target but has a bit more room before I am at max cash allocation at which point I will be "forced" to buy. I still haven't gotten used to the increased cash position so that desire to buy on days like we've seen this week are even more tempting.I keep feeling like buying but my asset allocation won't let me. I'm still overweight equities, so I'm not allowed to buy stocks.
The only thing I'm underweight is fixed income and I have to wait before buying a new GIC for my ladder. That means I can't make any trades right now, really just waiting until it's time to buy another GIC.
FOMO works in both directions. For me the financial crisis in 2008 seemed to be a very long and painful time to be in the markets. For context one can go back and review threads here and over at FWF to get the overall feeling of DIY investors. I didn't panic and want to cash out but I did regret deploying my cash too quickly.Agreed. In the 2008-2009 crisis, most bottom feeders were buying in Nov-Dec 2008. The bottom was not until March 2009 but that is/was relatively irrelevant over the longer term.
Outflow into what?Small addition to Simon Property Group (SPG-us) 20 shares.
Fear in the market doesn't seem to be subsiding.
Your post inspired me to nibble.Added to my position in MFC this morning at $21.95. Not sure if the 10% drop this morning was warranted from the quarterly report yesterday aftermarket.. I understand there will be a slow down from business operations in Asia.