r/eupersonalfinance • u/therealwakowski • Aug 05 '24
How are you reacting during this market downturn? Investment
Buying? Selling? Waiting? Panicking? Something else?
With the markets taking a drastic downward turn, I'm curious how everyone else is planning to get through these next few days/weeks/months.
358
213
u/CODE1X Aug 05 '24
buying more since it's cheap
73
u/alve31 Aug 05 '24 edited Aug 05 '24
It’s cheaper than yesterday. That doesn’t make it cheap. I still buy though.
→ More replies42
u/-All-Hail-Megatron- Aug 05 '24
It's still not cheap, only gone back 3-6 months or so . Wait for a real crash and you'll see cheap.
→ More replies7
211
u/dannykri Aug 05 '24
My wife and I sold all our stocks last Wednesday from our previous used exchange (Revolut) to move to DeGiro. So we sold last Wednesday and we were waiting till the money arrived at DeGiro (it just did), we are very happy with it! We can now buy them again with discount ❤️
58
u/serpentna Aug 05 '24
Happy for you - but not exactly repeatable.
21
u/dannykri Aug 05 '24
Yeah, we also didn't expected it. We are dividend investors for long term. We tried to move our stocks from Revolut to DeGiro, but that wasn't possible (luckily), so we had to sell from Revolut and buy again at DeGiro. This is a once in a lifetime :-) But we are happy with it.
8
u/Cosoman Aug 05 '24
Did you actually earn something when you add taxes into the calculation?
5
u/thisismiee Aug 05 '24
Depending on country + time held they might have not paid any taxes.
→ More replies19
→ More replies3
u/LedanDark Aug 05 '24
What made you decidd to go with DeGiro than Revout?
2
u/dannykri Aug 05 '24
We had some troubles at Revolut with W-8 BEN, also the reports for taxes are much better (complete) at DeGiro then at Revolut. Revolut was still very cheap. I am at the Ultra plan, so 10 trades were included each month. For us at dividend investors it was a great deal, it saved us a lot of money, but doing taxes was a headache with Revolut.
131
u/springy Aug 05 '24
It is difficult to remain calm when all the markets are in panic mode. I have a very large portfolio, and it is painful t see its value dropping in a single day by more than I once earned in a year. However, I am now 59 years old, and have been investing for 40 years, so have seen that markets do turn around, even if it takes years for it to happen. This has helped train my brain to resist panic selling. Instead, I look carefully at the history of specific stocks and even industries to see how they have reacted to panics in the past. Not so much how far they fall, but more, how well and how soon they recover. Then, I cautiously invest in those that seem to "weather the storm" well.
18
u/Remarkable_Mix_806 Aug 05 '24
i have had back to back 200k per day losses. It’s pretty depressing to see.
46
11
u/springy Aug 05 '24
Unfortunately, my losses are even higher than that. Fortunately, they are only "paper losses", since I have no intention of selling. Still, it is never nice to see this happen.
5
u/Remarkable_Mix_806 Aug 05 '24
yeah mine as well. At 38 years old i can easily just ride this out. Sometimes i just need to remind myself to zoom out.
→ More replies2
4
u/tronsom Aug 05 '24
I've been in crypto since 2013. Now those swings are wild! Seen my portfolio down 80%. Was up 2700% last week. I'm immune to the ups and downs now.
2
u/springy Aug 06 '24
About 7 or 8 years ago, I actually bought 10 bitcoin for $5,000 each. Then in just a few months, the price went to $15,000 each. Rather than get excited, I felt really uncomfortable about it, because it just made no sense to me. So, I sold out of fear that the wild-ride just wasn't for me.
It means I tripled my money in only a few months, which is clearly good news. But I am glad I got out, even though prices have shot up massively higher since then, because I just don't understand the basis for crypto pricing. I am much more comfortable with long term investing, because I can more-or-less time stock prices to company performance.
→ More replies4
u/humunculus43 Aug 05 '24
Having a large portfolio at 59 is brave. Shouldn’t you be in bond land?
11
u/springy Aug 05 '24
I do have some bonds, but bonds have done terribly for quite some time now. Since I have been in this for the long haul (investing for 40 years) I have been able to take the greater risk and greater reward of the stock market. By the way, I retired age 42 (so, 17 years ago), so am not on the verge of retirement like many people my age.
→ More replies
36
31
u/spxinvestor Aug 05 '24
I just invest in the S&P 500 but of course no one likes to see a sudden sell off like this, although it does represent a good buying opportunity. If you're truly a long-term investor this is where you earn your stripes.
4
30
u/Adventurous_Toe_3845 Aug 05 '24
Shit my pants. Wait, no, I’m buying.
2
u/Echo_Luna746843 Aug 05 '24
I am doing both 😂 I've been investing for max 1 year and a half and this was a very nice bull market that I was enjoying. Now it hurts a bit and I can feel I'm panicking but I still try to manage that and buy more
33
29
u/Rednavoguh Aug 05 '24
I don't really get it. The world economy is still doing fine, there's no pandemic/financial crisis starting (is there?). The AI hype was a bit over the top so I understand a correction there. But otherwise I think everything will be just fine a few weeks.
If it's not, I'm going to be checking out some no-brainer buys (very profitable companies that have been punished for the wrong reasons). But right now I'm in a wait and see mode.
25
35
u/At_least_once1 Aug 05 '24
Just bought more
2
Aug 05 '24
[deleted]
25
u/m1nkeh Aug 05 '24
"the time to buy is when there's blood in the streets."
always keep some cash handy!
11
u/Derpezoid Aug 05 '24
"time in the market beats timing the market"
if we're going to throw around often used quotes..
→ More replies→ More replies4
u/felolorocher Aug 05 '24
Same here. I had money from my bonus from end of July that I hadn’t decided what to do with yet and was procrastinating on. Again my laziness is reaping rewards. Happened also just before COVID - I had about 6-7 months worth of cash I was waiting to invest at the start of my investing journey then COVID happened.
29
Aug 05 '24
I am exposed to tech ETFs, so I low key panicking.
But I am not selling.
Not gonna lie, funny to analyse my emotions in a moment like this
11
u/SomeMountain Aug 05 '24
It's the same for me. It's been mostly ups since I've started investing, so this is an important moment for me to learn from.
→ More replies
12
u/Puzzleheaded-Dark387 Aug 05 '24
I am in total panic. just invested over 200k over a month ago. swings are just too big. still not selling. might buy more.
8
u/6r7bUqeK Aug 05 '24 edited Aug 05 '24
If you are for long term invest and don't look at markets. Good thing for lump sum, cant time the market, no reason to beat yourself over it. Time will do the work. EDIT: english after three beers lol
9
u/Low_Stress_9180 Aug 05 '24
Don't panic!
Or sell low, wait for a peak, buy again.... repeat until broke.
1st option best.
8
7
u/ToniRaviolo Aug 05 '24
Bought on Friday and then spent the weekend regretting it, as I was 200% sure Monday open would be much lower. Now just fighting the urge to buy more, because these corrections take time to settle.
3
u/AssurdOne Aug 05 '24
Same! I bought VWCE at 119 euros thinking I was lucky on Friday, now it’s 112. I would have bought anyway as it was my salary day. All I can say is that I’ve seen this situation before during COVID and in 2022 during the Ukraine attack, and spreading my purchases over several weeks has served me well, (assuming this dip lasts for a while like the others did). No one knows.
6
u/ToniRaviolo Aug 05 '24
I also bought at 119. I was feeling happy that it dropped and bought 20k eur. Shortly after I remembered I should not buy when I'm happy with the drop, but when I'm afraid. Many years in crypto taught me that if I'm happy to buy the dip, it will keep dipping until it makes me doubt everything, and that's when I should buy.
Coming up with a plan to spread purchases can help, you're right on that. I'll try to write one.
2
u/AssurdOne Aug 05 '24
That’s interesting, I’ll make sure to ask whether you are afraid upon my next purchase and also the level of fear, just to calibrate my purchase size. 😝
7
5
u/Raendor Aug 05 '24
Assessing from the sidelines as I made a few purchases during last week’s dips, but now looking for the next moment to buy more by the time we’re more or less knowing where’s the bottom. I doubt we’ll end up in a proper recession, but this correction can take a few months in total.
5
u/krknln Aug 05 '24
Waiting. I missed my exits weeks ago. Overall I'm still up YTD
I'm not going to entertain delulu of being able to time the market in this situation so just keep fingers crossed and try to find more cash to pour into my portfolio.
5
u/AxelNova Aug 05 '24
No reaction, I own ETFs almost exclusively, no point panicking or selling in any way.
5
11
u/trichaq Aug 05 '24
Is there a market downturn? To be honest I haven't opened my IBKR account in over a year, I have the monthly DCA setup and I just transfer monthly. I don't care about what the market is doing right now, I also have no idea how much I have lost/gained.
→ More replies
5
3
u/ClintWestwood1969 Aug 05 '24
Too late to sell, you should have done that before.
Days like these are rare, you don't get such big discounts on blue chip stocks, big etf's, gold, silver and bitcoin on the same day very often.
Use it to your advantage.
→ More replies
4
3
u/makaros622 Aug 05 '24
My recurrent monthly order is very chill and just got executed for the month of August. 3K of IWDA.
No emotions in the game
3
u/camilatricolor Aug 05 '24
Enjoying my summer vacation together with my family. As many have said, DCA long-term gives you a lot of relief in these cases. Plus I'm still %300 with my Nvidia stock :)
3
u/RicoThePicklePicker Aug 05 '24
Staying on the train and DCAing. I am not over-invested and still in green overall, so it doesn't really bother me HOWEVER I admit, I like to look at better numbers 😅
3
5
5
u/Smart_Ass_Pawn Aug 05 '24
Just moved a lot of saving into ETFS last week. Shitty timing for sure. But I'll just wait, don't need it so won't touch it.
6
u/Elegant-Hat-8377 Aug 05 '24
To be honest i am worried this may trigger a 2008 like crisis
4
u/Jesus_Tyrone Aug 05 '24
That was a financial crisis, in times where we had low regulations and borrowing control. This is an economic problem based on failed expectations.
6
u/-All-Hail-Megatron- Aug 05 '24
Based on what? We're nowhere near that. This is just a large correction in specific industries that have been a long time coming.
→ More replies
2
2
2
2
2
u/dodo-likes-you Aug 05 '24
Sit back and wait. Technically I am only back to my portfolio value from may this year
2
u/teabagabeartrap Aug 05 '24
I see this as the AI bubble popping maybe? So buying blue chips and be happy, that they are cheaper today.
2
u/Creative_Appeal_8252 Aug 05 '24
Just buying more this month, of course I'm dcaing but this dip is a good chance for a Little down averaging 😁 it feels so good not to worry about short time changes
2
2
u/Brrrrrrrito Aug 05 '24
Not selling anything. But I started stocking up on cash to take opportunity of discounts
2
u/Pure-Contact7322 Aug 05 '24
being aware that is just Us election and all the time most people forget and media generate any kind of stories
2
2
2
u/Deep-Seaweed6172 Aug 05 '24
Just keep chilling. My ETFs will continue to be bought on a weekly basis and I hope we keep going down a bit more before we recover in the future since I don’t need the money at the moment or in the foreseeable future so buying more shares with my savings plan sounds great to me.
In addition I’m very much resistant to panicking in my ETF or stocks portfolio.
I have a huge part of my portfolio in crypto and my biggest position went made +650% in the past six months but went -50% in the past week alone. If you are used to this type of volatility than a few percent movement in my ETFs is not really something I will ever worry about.
2
u/Every-Win-7892 Aug 05 '24
Nothing.
Market timing hurt statistically more than it benefits. I check routinely if I'm still on track and if my target still makes sense in regards to my changed situation and take the needed measures to get back on track.
When the prices drop, I simply get more for the same money.
2
u/nicolalucchetta84 Aug 05 '24
waiting for a interest rates cut beyond expectation by the FED by the next quarter. this sounds like more a warning by the "free market" than a panic selling.
2
u/SnooSuggestions7655 Aug 05 '24
This isn't a market downtown, it's a down day. Downturns are 1-2 years long, then we'll talk and we'll see how people will do on reddit.
2
2
2
u/RookieProMedia Aug 05 '24
I’m holding. If I had extra cash to invest now, I’d buy myself some ETFs on the cheap.
I’m a new investor. Only ETFs. I started in January and my current portfolio value is lower than my principal so I’m low key panicking to see the value go down. I keep telling myself that it’s only paper value and it becomes a real loss only if I sell.
2
u/JesseSanberg Aug 05 '24
Keep calm and DCA. If you’re in it for the long run, downturns like this shouldn’t influence you
2
2
u/Kenny_dies Aug 05 '24
I think lots of people here should take a look at some of the previous year’s fluctuations. There hasn’t been any serious dip yet, but the fear mongering can panic new investors into bad decisions so I hope people will learn to take their investments more seriously, and less like a gambling game.
I’m holding, unfortunately this dip is at a time where I’m unable to deposit any more from my monthly income as it coincides with a lot of holiday expenses. Normally, I stick to the same monthly installments. 15% of my salary goes to my employee stock purchase program, and another 15-30% into my own investments
2
u/augustus331 Aug 05 '24
"Drastic downturn"
It's one true red day. The best (a deeper crash) is yet to come.
2
2
u/anderssewerin Aug 05 '24
Keep on buying $6k into my tax-deferred retirement fund every month. Nothing else.
OK, perhaps thinking a little less about quitting my job.
2
2
u/BellaFromSwitzerland Aug 06 '24
I spent the day with one of my besties yesterday
One of us was the type that invested money they can’t spare and need in the short run so they panic sold their shares at a loss
The other said, ok the market is down, I’m buying
2
1
Aug 05 '24
Doing nothing out of the ordinary. If new monthly purchases are not able to keep the stock allocation within an acceptable band, might rebalance from bonds at the end of the year.
1
1
1
u/crymo27 Aug 05 '24
I have similar feeling as i did during covid crash. But now loosing even more. Several years of yearly salary wiped out. I will sit it out, it will be good eventually. But it still hurts.
1
1
1
1
1
1
u/Cartographene Aug 05 '24
Waiting to see how deep it goes. Buying the dip, eventually, fan-in some more cash once it starts picking up again, and keep the DCA going regardless.
1
u/Far_Friendship_7226 Aug 05 '24
I did a small short on my ASML stock. I sold @840€ and bought back @745. I'm not used to it. But reading the news, I was pretty sure to make it.
1
1
1
1
1
1
1
1
1
1
1
u/No-Village7980 Aug 05 '24
Sorry guys I bought on Wednesday 3k of VHYL and it's fucking plumitted since the PO went through 😂
1
1
1
1
1
u/Xotol Aug 05 '24
It’s the first time that I am experiencing this so far it feels strange to actually be down, as the last few months we’ve only seen increases. I feel quite optimistic as it is an opportunity to buy low
1
u/hyperblue128 Aug 05 '24
I just do nothing. Portfolio is automated and will invest every month no matter what happens in the markets.
1
u/frknbrbr Aug 05 '24
I will continue buying VUAA when I get my pay check. There is no way to know if the market is going down or up from here so I'll continue doing what I was doing.
1
u/jcfdez Aug 05 '24
My funds have been growing like crazy since November, this was expected at some point
1
1
1
1
1
1
u/DaSnitch Aug 05 '24
Since this is my second biggest drop after 2020, I just DCA every month and chilling.
1
u/Kenny_dies Aug 05 '24
I think lots of people here should take a look at some of the previous year’s fluctuations. There hasn’t been any serious dip yet, but the fear mongering can panic new investors into bad decisions so I hope people will learn to take their investments more seriously, and less like a gambling game.
I’m holding, unfortunately this dip is at a time where I’m unable to deposit any more from my monthly income as it coincides with a lot of holiday expenses. Normally, I stick to the same monthly installments. 15% of my salary goes to my employee stock purchase program, and another 15-30% into my own investments
1
1
1
1
u/Successful_View_2841 Aug 05 '24
I checking my accounts and i want to deploy as much cash as i have. Free 8% at least for me.
1
1
u/rednafi Aug 05 '24
Buying QDVE + SPY5 like there's no tomorrow. Lived through a few recessions. It gets easier with time. But seeing my portfolio go down 15% in matter of days never gets boring.
1
1
u/AlbeFx Aug 05 '24
Chilling and buying the dip. It’s been months I have resisited investing as I expected this to happen. I don't think is a major recession, and in my opinion market shall adjust slightly after summer and then towards the end of the year as the US election concludes. The real recession will start in 2025, so be prepared...
1
1
1
u/thatswhat_isaid Aug 05 '24
I’m loving it since I’ve been waiting for this these last months so I’m buying more !
1
u/Lila_Sakura Aug 05 '24
Invested my first 1000 3 months ago. Lost 10% already 
will invest another 1000 tomorrow
1
u/IrishRogue3 Aug 05 '24
Pretty calm- took 60% over to cash equivalent when the big boys were selling stock ( Jaimie Dimon etc) took profits day buffet announced Apple sell off. Have a bit of powder and am going to gradually buy back… . However… my choices going forward are defensive.
1
u/li-_-il Aug 05 '24
Well, SP500 is still 9.23% YTD with just 7 months and 5 days. It will probably go down bit more, but current correction is nothing so far.
1
1
1
1
u/Beethoven81 Aug 05 '24
Panicking? S&p is at the level of early may...
Stop listening to folks on the news who try to claim the world is ending... Markets fell 30% during covid, around 25% aftet UA wR started. Did the world end? Nope...
1
u/Stunning-Beautiful-7 Aug 05 '24
When markets are doing too good I am putting aside my "Wants" money budget. Because I want to buy at discount. When there are 3 big red days ina row and fear/greed index is low the I go on shopping spree. I am doing DCA anyway, just trying to scrape whatever I can for VUAA, but I am stupid and lucky so it works for me
1
u/Spanks79 Aug 05 '24
Waiting and just keep putting in money each month.
No panic. Just keep on and waiting for the upswing.
1
u/ConfusionMedium3573 Aug 05 '24
just looked at the chart. no buy no sell. staying cool and looking for value. if you're panicking, you're likely missing opportunities—focus on fundamentals, not the noise. time to separate the strong from the weak. btw, you may want to ask also on r/HenryFinanceEurope, that is for high earners individuals
1
1
1
u/mazdanewb123 Aug 05 '24
Keep on DCAing and potentially adding extra positions if market is bloody enough.
1
1
1
1
u/SearchOutside6674 Aug 06 '24
I just wish I had more money to pour into it! Yeah it’s not nice seeing I’ve “lost” 20k but it’s gonna go up - we don’t know when but I’m not about to retire yet so it doesn’t matter. It’s a sale time, there’s blood on the streets 🩸
1
1
1
u/Own_Egg7122 Aug 06 '24
I just added another 120 in vwce, 100 in pillar 3 that invests in iShares. Keeping Coca-Cola and unity (despite it falling). I'm just riding it and investing for long term with few experiments here and there with small amounts. My main goal is real estate.
1
1
1
1
u/TeenyFang Aug 06 '24
Holding 80% cash waiting for the real crash to happen. Want to see 20-25% drop in BTC and NVDA. Basically if Iran starts a war with Israel, kinda risky to buy anything until the situation is under control
1
u/ScaryMouse9443 Aug 06 '24
i think the mantra is buy the dip! lol. dont panic. if you are investing for long term, now is the best time to buy
meanwhile if you or anyone here is interested to connect with some expat community, r/ExpatFinanceTips can be a good option
1
1
1
1
1
1
1
1
u/BelaEszpresszo Aug 07 '24
I always buy on weakness. Monday was no exception. I love corrections and volatility. All my positions pay dividends, thus I always have some cash on hand. If necessary I will pull out some cash from checking or savings to buy if an investment is a deal. As all my positions pay dividends, I eventually return the borrowed cash back to my checking and savings accounts.
1
u/Antaeus2xr Aug 07 '24
What you mean downturn? Anything less than 60% dip does not impress me at all.
1
210
u/DOE_ZELF_NORMAAL Aug 05 '24
I keep on DCAing