Originally Posted by
Baa_Baa
Use your TA, it could easily go a lot lower, or not. TA reads sentiment, right now, which is oozing fear. Fear wants its money back, or whatever is left of it. Fear doesn't count losses until it is free from further loss exposure. Fear doesn't think about buying at all time lows. Fear doesn't think about buying at all! Fear though is what we should all wait for, patiently, after years of FOMO chasing prices higher. Fear sets us up for a lifelong romance with our favourite companies. Embrace the fear, do not succumb to it.
Give your wife your online trading password and ask her to change it and not tell you what it is. Tell her what your TA entry conditions are (maybe a little bit more sophisticated than just an MA cross) and that when you come back to her begging for a food bowl with some other conflicted story about how underpriced it is (FA), to ignore you! You love her enough that you won't resort to domestic violence and she will save from you making a horrible mistake. When the TA strategy is perfectly set up, she will tell you the password (then you should change it again ;)
One could still lose 50% or more on the retirement companies by buying in now, imho, especially if there's a disease calamity (heaven forbid) amongst many other short/medium term risks as this event unfolds. Or not. Have a TA entry indicator and a trigger strategy sorted out, then give the keys to the trade to your wife if you don't or can't trust yourself to be resolutely vigilant.
;) This is only half tongue in cheek. Were all susceptible to impulse, especially when our expertise is screaming "this is so oversold the market is mad I need to buy buy buy". Um, no.
Never waste a great recession!