Steadfast Finances

 Buy on the Dips, Index Funds, Investing 101         11 comments

Share
On March 9, 2009, the stock market closed at it’s lowest level in over a decade. The doom and gloom news factories were pumping out negativity as loudly as it could because that was what “people wanted to hear.”
You couldn’t pick up a newspaper, click to highly trafficked website, or …

 Buy on the Dips, Investing 101         3 comments

Share
Sometimes I love earnings season and then sometimes I hate it! If you’re wondering why… see Google’s 30 point nose dive in the after hours market today.
[click image to enlarge chart]

For disclosure purposes, I should say that I did not own Google prior to their earnings announcement but I think …

 Buy on the Dips, Index Funds, Investing 101         8 comments

Share
Several folks have asked me over the last few weeks what does phrase “buy on the dips” actually mean.
The official Investopedia definition is:
A slang phrase regarding the practice of purchasing stocks following a decline in prices. After a significant dip in the price of a security or stock index, investors should increase positions …

 Buy on the Dips, Lessons Learned, Personal Finance Tips         5 comments

Share
There is an old (and unresolved) debate among historians that the game of Chess was invented as a way for a King to teach his Generals battlefield tactics.
The King found that the younger headstrong Generals would attack quickly without much of a strategy or consideration for the survivability of his …

 Buy on the Dips, Investing 101         4 comments

Share
You’ve probably heard the phrase “This is a trader’s market!” so many times that you’re sick of hearing it.
If you’re an investor, the concept trader’s market probably doesn’t mean that much to you since you’re buying stocks for the long haul by dollar cost averaging into the market.
But, that doesn’t …

 Buy on the Dips, Index Funds, Investing 101         4 comments

Share
If you’re an avid index fund investor and still interested in buying stocks, the following chart might be one of the sexiest things you will ever see.

Image Credit: Chart of the Day
That’s right!  Earnings for the S&P 500 index have fallen off a cliff.  They’ve fallen so low that …

 Buy on the Dips, Long-Term Stocks, Market Themes         3 comments

Share
As someone who spent most of their career working in the biotechnology industry, I occasionally forget that my salary was paid by some unfortunate soul who had a pretty nasty disease.  Diseases like cancer, extreme hemophilia, or multiple sclerosis were used in everyday conversation, so after a while, you just became …

 Buy on the Dips, Investing 101         No comments

Share
Being somewhat of a cynical person, I often find humor in things other people find discouraging.
This chart is one of them.
However, I did manage to get an “A” in college level physics so I’m quite sure that every action has an equal and opposite reaction.
So here’s to spreading belief in …

 Auto Sales, Buy on the Dips, Investing 101         No comments

Share

In the last few days, I’ve gotten several emails that reminds me of the one (and only) time I sat in on a high stakes poker game.
I say this facetiously of course, but I have received numerous requests from friends and readers who are repeatedly asking the same investing / …

 Buy on the Dips, Dividend Investing, Index Funds, Long-Term Stocks, Retirement         5 comments

Share
Since Wall Street has thrown us such an unexpected curve ball and subsequently slammed the S&P 500 down ~35% (2008 YTD), most of us are justifiably thinking about readjusting our portfolios, reviewing our asset allocations, or even reducing our 401k / IRA contributions until this financial crisis is resolved.
For my …

 Buy on the Dips, Index Funds, Investing 101, Retirement, Roth IRA         1 comment

Share
The S&P 500 is a rock!  After all that transpired on Wall Street this week, the S&P 500 only changed 3 points in 1 weeks time.
Just 3 tiny little points on the upside.
With all the drama, the bankruptcies, the bailouts, and of course, the realistic possibility the U.S. economy could …