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OMG!!! DOW CLOSES UP 2,000 POINTS!!!! Best day since 1933

Meengla

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you will be playing with fire...
My take, if you aren't directly trading, is to just keep everything in cash and wait for capitulation.
You do not buy into a recession...but out of it...

I understand the "excitement" of profit when you see those pumps/dumps and those high %... but it isn't worth it... be patient.
Alright, I just listened to you and did a 'Full' withdrawal back to the Savings account! Should reassess what to do next. It doesn't help that the bank has never bothered to reply to me. Hopefully I won't incur any penalty for this withdrawal but neither the money has been invested yet or a dime has been made and I didn't see any warnings about penalty when just did the withdrawal.
Thank you and @PakFactor !

PHEW!!
 

Meengla

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So a rookie like me investing and disinvesting within a span on 24 hours should not be too ashamed; here is a veteran investor of 40 years who is ruing his investment choices lately...
Long read but just an excerpt is included here--kind of his conclusion.

PS. I am STILL waiting for Ally to take the money out of my new investment account and back into the Savings account; it's almost two days now. They were so quick to transfer TO the investment account! Sigh!

https://www.nytimes.com/2020/03/27/...tion=click&module=Top Stories&pgtype=Homepage

"On Tuesday the market soared, followed by two more days of gains. This time I felt no elation. Some of the biggest rallies have come in the middle of the worst bear markets.

My next target is when the S&P falls 40 percent from its peak. I may be buying again soon."
 

HannibalBarca

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So a rookie like me investing and disinvesting within a span on 24 hours should not be too ashamed; here is a veteran investor of 40 years who is ruing his investment choices lately...
Long read but just an excerpt is included here--kind of his conclusion.

PS. I am STILL waiting for Ally to take the money out of my new investment account and back into the Savings account; it's almost two days now. They were so quick to transfer TO the investment account! Sigh!

https://www.nytimes.com/2020/03/27/business/stock-market-pandemic.html?action=click&module=Top Stories&pgtype=Homepage

"On Tuesday the market soared, followed by two more days of gains. This time I felt no elation. Some of the biggest rallies have come in the middle of the worst bear markets.

My next target is when the S&P falls 40 percent from its peak. I may be buying again soon."
No shame in that, quite the opposite... Investors SHALL NOT be gamblers... When the syst that you base your "decision" upon isn't giving you a green light, you shouldn't continue...
Those who do are no better than the guy buying a Lottery Ticket...

The successful Investors in our History do not gamble... Many may see their moves/wealth has a "lucky" move but it's not... They put in place a syst based on certain conditions/specs etc... that when it turns green will act upon it.
It's not bc some do not understand that it doesn't exist.
 

Meengla

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@Meengla DJIA taking a dip today (like I said will be behaviour for a while).

When does you option kick in exactly day-wise?
Problem is that Ally is not responding at all! There is a Case Number assigned but no response to my emails. Chat too busy. Phone lines too busy. Unprofessional!! 3-4 days ago it took them exactly ONE minute to transfer from Savings to the Investment account, with a message that your money will be 'automatically' put into investment 'within 3 days'. But then I saw the stocks climb rapidly and so in barely 24 hours I did a 'full' withdraw but the money is still in the Investment account but not really invested either--shows the amount as 'Cash' but ZERO in 'securities'.
 

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