We just had this thread about the plunge/halt. Merge? https://news.ycombinator.com/item?id=22525238
Comments moved thither. Thanks to both of you!
S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt
21–26 of 26 posts
Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt
#22[deleted]
Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt
#23I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.
If you keep posting flamebait to HN we're going to ban you. I've lost count of how many warnings we've already given.
Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt
#24I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.
Congratulations on being rich and somehow dumb enough to think you can time the market while also believing that dollar cost averaging is a good strategy. If you are so sure you know where the bottoms are, just buy them. Don't waste your time with DCA.
Please don't break the site guidelines regardless of how bad another comment is. Also, please don't feed egregious comments by replying. That's also in the guidelines: https://news.ycombinator.com/newsguidelines.html
Personal attacks will get you banned in particular, so please don't do those.
Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt
#25Earlier quoted context omitted.
Historically, DCA is a dumb strategy: https://business.time.com/2012/11/15/is-dollar-cost-averagin... Instead of having all these tens of thousands of dollars sitting around, he should have invested them years ago. Some people think they're clever by waiting to "buy the dip"; others think they're being clever by "spreading out the risk" (with DCA). They're both silly attempts at market-timing. Our OP commenter is a u…
Dollar cost averaging works for me because I didn't have those dollars sitting around last year. Like most people my main source of investment funds is my 401k contribution which is divided up over the course of the year. I suppose in theory I should have figured out the entirety of my 401k contributions from the time I start my first job until I retire, take out a loan for that amount and invest it, then when I reti…
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Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt
#26Earlier quoted context omitted.
OP said nothing about timing the market. As you mentioned, that's the entire opposite of DCA. I take your interpretation to be a bit disingenuous and lacking in good faith. OPs point is clearly that the panic selling is not rational and they are acting accordingly. Whether or not that's correct remains to be seen, however.
It pays to remember that when one sells their shares, there is someone else who's buying at the other end of that trade. Right now that someone is me. 20+% discount sounds pretty awesome even if it's not "the bottom". I typically buy and hold, and not worry too much about turbulence, since I'm not on margin.
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