During the recent correction in the stock market, did you make any stock purchases?

Thanks, RS

As a matter of fact, yes.

Just the other day, I got in a brand new case of .223 ammo.

Nope, just rode it out...and am disappointed it didn't get to a 10% correction...

Yep. I invested more heavily in my life with my family. The money will be there, or it won't.

Yep, more Harley-Davidson to add to that I bought as an IPO in 1986. Excellent investment.

Some Polaris, as well.

kd

Continued adding to it as I do every two weeks. Don't think I would call it a correction though.

If yours is anything like mine, it won't.

Yes, CVX, DIS & BA. Nice buying opportunity.

IBM looks like a steal

Biotechs

Changed my investments from 100% growth stocks to
40% Bonds
35% Growth
15% Developing Markets
10% Cash

Bought a duplex this week. With the rent in the area it looks like a 5%-6% return on the $ invested and a 1%-2% appreciation on the real property minus upkeep etc.

What are you looking at?

Added to my APA position.

RS

Six cavity mold for 158 grain, round nose, flat point .358 cast bullets.

Lead, primers, powder, and brass.

.22 ammo

200 lbs of pinto beans.

5000 shares of IBM yesterday morning, sold it today for a 15k profit.

There's a great future in plastics. Think about it. Will you think about it?

Did you short it?

Bought into oil drillers. Rig (transocean) and Hero (Hercules Offshore). Missed the bottom, but like the long term.

One account runs with my company provided big oil stock. Another with mutual funds in real estate, transportation, health care, telecoms, electronics and pharms with a splash in a dividend and income fund. The last in tax free bonds. Up ~8% YTD so pretty pleased. Been substantially the same picks for a few years now.

I got super lucky in the run up to the last meltdown when I liquidated because I thought a democrat was going to be elected president (he was) and it turned out the economy went to [bleep] right after.

I sold a minority share of a business in January and haven't done anything with it. Held onto it when I thought I was going to have a lot of medical bills. Still haven't done anything with it.

I dunno. Going to wait and see what the price of oil does and see how it takes people to realise the cost of prodouction and refining is now higher than ever and is approaching appoximately $60/barrrel.

We shall see.

I'm fairly active. I sold about 80% of my stuff on the 8th and bought most back on the 15th. UNP, URI and GILD all up 10%+ since then. Picked up VZ and TRV yesterday in the dip. Love those dividend stocks. Market should be decent til January.

Bought LUV last Thursday, sold it yesterday. Oh, and LB, keeping that one.

Oil and Gas pipline stock that have had a hit recently.

Built a new shop.

Some folks are ambidextrous.

I dunno if this sell off is over. Nobody knows.

I used to do the "jump in and out" game.. Always seemed to miss out on bigger profits that came later. Capital gains taxes being another reason I don't do it much anymore.

Now, I don't buy anything I don't want to own in 10 years. It was/is a great time to get into energy stocks with a great div yield plus the opportunity for stock appreciation. Like all investments, it's a bet, but I don't think oil will be cheap for long.

Still waiting for it to finish dropping. I have $2500 I need to do something with. Damn savings accounts are a joke and can't think of any other investment giving a decent return.

I like a wells fargo advantage or eaton vance closed end mutual fund. Pays above 8% div, and pays out monthly. Reinvest, and let things start to snowball for you. I own a fair amount of EVV.

Bought Apple @ $86.... In Jan 2009, at the dead bottom ,before 7:1 split.
Oh; if I knew then what I know now!

I increased my 403b contribution. Does that count?

Made a few tweaks. Sold some EPD at 41, bought some back at 36 when a buy order was hit, sold it again at 38. Also got some EMN at 72, which was a nice entry point.

I think the speed of this downdraft says that the next market drop could have some real depth.

had my wife's car detailed for her


anything that lets you keep half your net worth is a good investment in my book (grin)


and the biz she runs is generating cash pretty danged well.

best investment I guess I ever made was marrying her, she's a good kid

I'm always leery of investing in a company that most of it is intellectual. I'm sure somebody eventually with the right pull could get X made in the same exact factories etc...

At least with Exxon I know they have a ton of stuff that's actually worth money regardless of what happens to the company. Land, refineries, pipelines etc...just don't instantly devalue over night beacuse they aren't cool any longer.

Do you get slaughtered with Capital gains?

Apple's got $160 billion in reserves and an enormous market share. I'd say they aren't going anywhere.

3 acres of trees, but I did get the mineral rights.

I bought another single family residence for a rental.

This got me to thinking I'm looking for something long term.
I have no clue when it comes to this stuff.

I'm 36 and want to plan for retirement.
Right now I just put 8% + 6% match into 401k. What else should I look into ( other than savings)

Thanks

Dude this is excellent!

Look at your choice of IRA or even just a Monthly Investment Plan with your savings...

You are welcome.

You should talk with your tax advisor
When you withdraw your money from the 401/402, etc you will be taxed at the tax rate for your income bracket at that time.
If you have any annuity or social security or any other income your disbursement will be taxed at a higher rate than you have currently It may also be subject to state tax as well.
There are some IRAs that you can invest in with after tax dollars and it will, should, net you more dollars
Just my experience and a FYI.
This is a very volitle market so beware of any type of fixed rate investment

On January 1st, increase it to 9%. Do that each year until you reach the max your plan will allow. You will be automatically increasing your savings rate, lowering your tax bill and learning to live on a little less which will make retiring to a fixed income easier when the time comes.

Bought Greenbriar -GBX- the other day at 57.4; sold nov covered calls 65 strike at $3.10 today.

Fwiw; AAL broke out of a downtrend and will be buyable when it falls back to 20 day moving average soon. Sell weekly covered calls; rinse and repeat.

I work for Hercules. We (hands on the rigs) still shaking are heads about the low stock price. A great case of management out of touch.

Actually, this one is a really good buy, based on solid peripheral experience and industry trends...

I didn't go all in, but enough to either feel the pain or reap the rewards.. Looking forward to you guys getting your act together..(grin)