Thought I would post out of curiosity. Was looking at buying some stocks today but did not get a chance to pull the trigger with work. Do folks want to post what companies they bought or sold. Also is anybody planning to get into the Euro or Pound to take advantage of the exchange rate by moving some savings into those currencies. Companies I am looking to nibble in C, AIG and BAC. Have a few more that I plan to try and research this weekend so I can pull the trigger next week. Not courageous enough to buy any pounds or Euros.
I am moving my $$ into a Chanel bag! Kidding aside, the one I had been eyeing during the crash of 2008-2009 is now double the price, if you can find one in the store.
Sounds like we all are investment pros I guess CC folks are reluctant to give investment advice because we are not professionals. So much depends on the individual risk tolerance, knowledge of certain sectors/industries, short-term need for cash, long term goals, etc.
Currency plays require such a specialized level of knowledge that, for me anyway, it would just be gambling.
To my mind, the problem with trying to select individual companies is that there isn’t enough information yet as to how much the costs associated with brexit will eat into the bottom line. Companies have generally become more profitable by creating efficiencies. Brexit by its very nature is tremendously inefficient, however. I suspect the markets are trying to price in these new inefficiencies, by falling as much as they have (and will).
I got sidetracked and forgot to buy yesterday too. But - Boglehead here - it would have been index mutual funds, not stocks. (Totally unBoglehead to try and time the market, I know.)
Second the bogglehead. On a 3-5% drop, it’s a good time to accelorate your IRA contributions for the year buying a broad based index fund. I do purchase individual stocks but my retirement savings is all mutuals, mostly index funds.
The Dow closed yesterday at 17,400.75. This is roughly where it closed just a month ago on May 19th (17,435.40) without Brexit. I’m not sure yesterday presented such a great buying opportunity.
Son will be studying in Scotland in the fall. Trying to decide when to exchange for Pounds. Now, or wait? Will the GBP go down more, creep back up, or ???
if you buy here in the states, some of the advantage will be eaten away by currency exchange fees and the like. It’s usually cheapest to acquire currency in the country itself via ATM, especially if done so with a no fee credit/debit card.
Kidding aside, the one I had been eyeing during the crash of 2008-2009 is now double the price, if you can find one in the store.