Originally Posted by Redsfaithful
Most of my investments are in Vanguard Admiral Shares. That's the retirement stuff and I don't care about anything day to day with that, because I have a 30+ year time horizon on it. Admiral Shares have the lowest fees I have ever seen in a fund, which is my highest priority.
But I also have a modest amount of money that I mess around with. I've been a little more active with that in the last month than usual I would say.
Have been buying companies coming off of bad news that I don't think is that bad. Bought Netflix at $252 when they had an earnings report that beat expectations, but not by enough so it dropped. And I bought Tesla at $173 after the YouTube video of the car fire.
Probably not the greatest strategy if we weren't in a bull market, but I could take a hit on this money and be ok so I view it like gambling.
I don't see the government defaulting. Obama has options (not attractive ones - he'd have to effectively break the law I think) to prevent it from happening without Republican cooperation.
I kinda operate the same way. I have some "play" money that I invest mostly in a dividend strategy. Because of my age I like to say close to 100% invested. I have found that times like these are great times to invest. The day of the US downgrade was a great time to invest. I have raised some cash already and am debating raising some more. I just don't see anything quick happening and the markets look to be on a continual decline until some resolution happens. I won't sell any of my core positions.