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I was buying this morning, taking cash from 12% down to 7.5%. (Not all into equities of course.)
** Fidelity’s site was as slow as I’ve ever seen it. “Dead in the water” at times. At one point around 11 AM I received a message “We are presently unable to display current positions”. Seemed to get back on track in the afternoon when I logged back in. Maybe they brought in some additional robots?
FWIW - After picking up one consumers staples stock this morning to add to my 9 CEF collection I re-enrolled in Fido’s “basket” option later in the day. 10 holdings at 10% each makes sense. $5 a month fee. And they’ll perform an automatic rebalance whenever you want. Hard to beat really. There are some bugs, as I’ve noted before, but over time easy to work around.
Exciting day. We’re a bunch of seasoned investors. Take it in stride.
- “Tonight, we’re going to try and make sense out of mass hysteria.” - Louis Rukeyser, October 23, 1987
I would love to hear uncle Louie's take on this whole business.
Me too @Mark - As I recall, Lou had a generally low opinion of politicians in the first place. He’d probably really be scratching his head today …
Been trying to do more buying at Fidelity today, but their website seems to have ground nearly to a halt. Got this message after logging in around 2:30: ”We're sorry, positions information is temporarily unavailable. We're urgently working to restore service.”
Must be a lot of other people hurrying to snap up all the bargains today.
"Must be a lot of other people hurrying to snap up the bargains today."
Well, that's actually got to be true- for every seller there has to be a buyer. I have no doubt that well-financed (members of the 1%) long-term players (maybe with a dash of inside info) are out there doing their thing. Your loss will be transformed into their gain.
Mr. Market (who is entirely apolitical) appears to disdain these tariffs much more than he did pandemics: three days of tariff news have led to a far more significant sell-off than the first three days of Covid hysteria.
Comments
Have a good evening, Derf
** Fidelity’s site was as slow as I’ve ever seen it. “Dead in the water” at times. At one point around 11 AM I received a message “We are presently unable to display current positions”. Seemed to get back on track in the afternoon when I logged back in. Maybe they brought in some additional robots?
FWIW - After picking up one consumers staples stock this morning to add to my 9 CEF collection I re-enrolled in Fido’s “basket” option later in the day. 10 holdings at 10% each makes sense. $5 a month fee. And they’ll perform an automatic rebalance whenever you want. Hard to beat really. There are some bugs, as I’ve noted before, but over time easy to work around.
Exciting day. We’re a bunch of seasoned investors. Take it in stride.
- “Tonight, we’re going to try and make sense out of mass hysteria.” - Louis Rukeyser, October 23, 1987
Been trying to do more buying at Fidelity today, but their website seems to have ground nearly to a halt. Got this message after logging in around 2:30: ”We're sorry, positions information is temporarily unavailable. We're urgently working to restore service.”
Must be a lot of other people hurrying to snap up all the bargains today.
Well, that's actually got to be true- for every seller there has to be a buyer. I have no doubt that well-financed (members of the 1%) long-term players (maybe with a dash of inside info) are out there doing their thing. Your loss will be transformed into their gain.