Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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red cardinal

Waitress

To: chowder who wrote (853)	3/7/2022 6:31:48 PM
From: chowder	2 Recommendations Read Replies (1) of 21740

Re: Old Folk Portfolio ... Add On Buys. With the market having some significant down days of late, I don't know where the bottom is so I am going to average down into that bottom using an approach similar to dividend reinvestment. Where a regular DRIP reinvests the dividends after every dividend payment, I am going to add to any position that drops in price by 4% or more. I will go as low as 3.75%. Buying these daily deep drops will work better I think, until a bottom is reached, if I'm only adding a few shares at a time, keeping purchases small between $200 and $500 each. With this in mind, today I added to the following: AMAT - 4 shares TJX - 8 shares UL - 10 shares Today also saw a number of companies drop 4% or more in price and I already have my buy orders set for tomorrow so I will list them now. AMAT - 2 shares ANTM - 1 share AVGO - 1 share DHI - 3 shares MA - 1 share MSFT - 1 share NKE - 2 shares PRU - 2 shares TGT - 2 shares TJX - 3 shares By adding smaller dollar amounts, this method should work just as effectively as a dividend reinvestment plan (averaging down via dollar cost averaging) and it insures positions continue to build share count during market corrections without risking larger sums of cash.

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