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I always laugh when I hear people say things like this. They think its that easy. Just wait until the coast is clear and then invest. Unfortunately the markets are forward looking and its not that easy. All the big gains are in before the coast looks clear, as we can see is happening currently. Same with the post Covid recovery. People thought they were being wise waiting for post Covid and missed an epic rally.
Make a call on something, anything. Predict a market move, pick a stock or two, share a few trades.
Do something other than make yourself look smart but nothing to back it up.
As far as Covid, nobody had any idea what was going to happen. Not you, not the experts. They shut down the entire country, for a virus we had never seen before. There was no way of knowing the outcome at the time. Everybody's a genius on Mondays at figuring out what the NFL coaches did wrong on Sundays.
I'm in my mid 50s. My company may be getting sold - I could be out of a job in a year. I could care less. I'm doing fine.
Last edited by BeerGeek40; 12-14-2023 at 07:17 AM..
Make a call on something, anything. Predict a market move, pick a stock or two, share a few trades.
Do something other than make yourself look smart but nothing to back it up.
As far as Covid, nobody had any idea what was going to happen. Not you, not the experts. They shut down the entire country, for a virus we had never seen before. There was no way of knowing the outcome at the time.
I'm in my mid 50s. My company may be getting sold - I could be out of a job in a year. I could care less. I'm doing fine.
all pretty much a reason for leaving long term money alone ..
beefing up a short term plane with a growth and income portfolio or even an income portfolio with a bit of growth potential is still the best way to go , the answer isn’t pulling out and timing
when i was unsure of when i would be leaving my job because we bought a place in the poconos i kept a few years cash handy and a growth and income portfolio.
i didn’t pull out because i thought i wouldn’t have a job.
just the opposite , i needed to make sure i didn’t miss growth yet needed to tone things down a bit just in case
Last edited by mathjak107; 12-14-2023 at 07:29 AM..
Great, and they're 5.5 up to 5.65% CDs, for money to be used in the shorter term (1.5 years or less) that shouldn't be in the stock market. Now, if you can personally guarantee S&P will return >5.65% in 2024, let's talk.
Make a call on something, anything. Predict a market move, pick a stock or two, share a few trades.
Do something other than make yourself look smart but nothing to back it up.
The stock market will go up over the long-term and those of us in well diversified portfolios will do well.
Make a call on something, anything. Predict a market move, pick a stock or two, share a few trades.
Do something other than make yourself look smart but nothing to back it up.
As far as Covid, nobody had any idea what was going to happen. Not you, not the experts. They shut down the entire country, for a virus we had never seen before. There was no way of knowing the outcome at the time. Everybody's a genius on Mondays at figuring out what the NFL coaches did wrong on Sundays.
I'm in my mid 50s. My company may be getting sold - I could be out of a job in a year. I could care less. I'm doing fine.
My call is the markets do what the markets do so I just stay invested the whole time because I don't have the hubris or resources to know otherwise.
Great, and they're 5.5 up to 5.65% CDs, for money to be used in the shorter term (1.5 years or less) that shouldn't be in the stock market. Now, if you can personally guarantee S&P will return >5.65% in 2024, let's talk.
I fully agree and feel [i]fantastic[i] about the chunk of my portfolio in a low-return, low-risk fund. It has sufficient capacity to, if there *is* a crippling recession and I lose my current job, completely pay off my mortgage.
Nobody knows the future. Some people say they play to win, and I wish them luck. I use this part of my portfolio to play not to lose. I sleep quite soundly at night as a result.
In the accumulation phase with many years before retirement, 100% equities is appropriate. Just prior and just after retirement, lighting up on equities makes sense due to sequence of return risk. After that, really depends on personal preference and other factors/objectives, such as aversion to risk, size of portfolio, legacy objectives, etc. Make a financial plan and let that plan drive how you invest.
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