I’m going away for a while. And I’d really much prefer that the stock market avoid a crash while I don’t have internet access.
Pardon me folks, but I may not be able to provide you with some roundups for a couple of weeks as I’m preparing for a hasty trip overseas over the next few days.
I’m going to be out of town sometime later in the week for about a week’s time and I’m currently scrambling to work out my schedule and itinerary. So it looks like I’m going to be taking my first break away from here in a while! Unfortunately, I’m going to a far-flung place with no reliable internet connection, so this means that I may not be as responsive as usual, nor be able to manage my usual affairs on the same timetable as I normally do. But I’m trying to recruit a few backups to keep things running (we’ll see how that goes). The good thing is that I won’t be gone for long — a week usually flies by in a blink of an eye. 
This was a spur-of-the-moment travel decision which I’d contemplated over for a month now.
Anyway, this also means that over the next couple of weeks, I’ll be having other writers cover for me as I make myself scarce for a bit of time.
May The Stock Market Refrain From Any Sudden Moves
Okay, this is just wishful thinking, since the market will do what it will do. And it’s job is to be sudden and unpredictable — but I’ll say it anyway.
My one wish while I’m away? That the market doesn’t self-destruct. That would just be lousy timing to the umpteenth degree. If this happens, I’d feel unable to participate in a gargantuan buying opportunity the likes of which we haven’t seen in ages…. you see, I’m still angling for the chance to get a few dollars more in the market. If the market crashes while I’m away, then the only way I can play in this round is if it continues to be in a slump by the time I get back.
Collapsing Cumulus Photo by Kaptain Krispy Kreme
Though my spouse and I can’t really afford to invest much at this time given our limited cash flow, we’re determined to try and squeeze a few bucks from our budget here and there just so we can add a bit to our investment funds at these bargain basement prices.
Don’t Waste This Juicy Bear Market
These days, I’ve been joking with my spouse that it would be a total waste of a bear market if we ever miss the chance to dollar cost average even just a teensy bit into it. If we’ve got money to spare, it’s going into our core index funds. I have to say that I’ve found it quite frustrating that the bear market’s come at a time when we decide to take on the risk of becoming dual entrepreneurs. Being both self-employed at the same time was probably a crazy enough idea (though both of us felt justified to do it as we both got sick of the 9-to-5), whose risks are now further exposed by this ill-timed financial crisis (ill-timed from our point of view).
This financial period will be quite the test for us. In the meantime, wish me safe travel.
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{ 13 comments… read them below or add one }
Hopefully the stock market won’t crash and it will be a little bit higher when you get back from your vacation. I will miss your post for the week and hope you have a fun and safe trip.
Donny,
Thanks for your thoughts! So appreciate it
(am happy people come by to check things out here!). No worries, I’ll have some posts lined up from writers whose work I admire. So there’ll be some interesting articles in the works while I’m away.
I will try to get online wherever I am… and I’ve been told that there’s a slim chance that I’ll actually get on the internet. But things aren’t guaranteed! I’m hoping that my spouse will do well as backup as he won’t be coming with me on this trip.
Shouldn’t it not matter what the market does when you’re gone for a week?
Hey, you never asked me for a post! What’s that say?
Hi Jim,
I left you my response regarding a post.
I would love to partake of your generosity anytime! Hmmm… yeah, a week doesn’t do much in the whole scheme of things. But it’s nice to be around when there’s some action….
But you’re right, there will probably be many more opportunities (as my spouse would say — 2 years worth) ahead of us, given how challenging the climate is for equities. And bottoms take a while to form anyway.
Enjoy your trip and hopefully you can collect some interesting things along the way for your next post when you return!
Have fun on your trip and be safe. I seriously hope that we’ve at least hit the mud at the bottom and won’t drop too much further before we begin recouping. Yesterdays 900 points was helpful, but really only 800 if you consider today’s numbers (and completely discount the last few weeks!), but you get the picture. We’ll all await your return!
Joe
DCA is the way to go for sure. While you don’t want to take the shotgun approach to this market (unless you buy index ETF’s) you want to use surgical precision to select key stocks that 25 years from now you know will be worth substantially more.
I hope the 700 point drop today doesn’t throw a wrench into the works for you…
After a 930 point gain Monday, I dare say it was bound to happen, hopefully it didn’t catch you too far off guard…
I have also been looking at the stock market woes as a great buying opportunity. I typically put in a regular amount every month, but I bought more than usual last Friday. It seems that there were lots of good companies that got beat down with the rest of the market and now’s a great time to get them for cheap.
Hey! So you’re going to attend the reunion? That’s great!
So glad to see that you made it. I think your right about squeezing out a few bucks right now. I’d like to do the same!
It looks like the market just kind of jumped around this week but overall since the 14th it doesnt seem like its plummetted. I know dollar cost averaging is the way to go but I wish I knew when the market was going to hit bottom.
Is another stock market crash in the works? Someone’s making a new prediction here, and I’m planning to discuss it shortly.