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I recommend NOT napping through what may be on the way. I recommend paying greater attention than ever - and trusting nobody except your own gut instincts.
napping is the best way to guarantee market returns over time ..trying to react and time will likely underperform doing nothing for your efforts and actually hurting them as that full amount pulled out never gets back in , in time and one falls behind.
simply set a date , rebalance on that date and go back to sleep.
it will likely force you to buy the next hot asset class in that rebalance
napping is the best way to guarantee market returns over time ..trying to react and time will likely underperform doing nothing for your efforts and actually hurting them as that full amount pulled out never gets back in , in time and one falls behind.
simply set a date , rebalance on that date and go back to sleep.
it will likely force you to buy the next hot asset class in that rebalance
The time to do nothing was between 2016 and 2019 when the economy was doing well, the world situation was relatively stable, and the stock market was on autopilot.
NONE of those things are the case now. Pay attention. Look at little things like restaurants being empty and prices being through the roof - I commented on this one on Friday.
In addition to my conservative trading account, I've also "rebalanced" my retirement account to about 50% bonds, 40% government bonds, and 10% stocks - for now. You might say I'm pessimistic.
The time to do nothing was between 2016 and 2019 when the economy was doing well, the world situation was relatively stable, and the stock market was on autopilot.
NONE of those things are the case now. Pay attention. Look at little things like restaurants being empty and prices being through the roof - I commented on this one on Friday.
In addition to my conservative trading account, I've also "rebalanced" my retirement account to about 50% bonds, 40% government bonds, and 10% stocks - for now. You might say I'm pessimistic.
Restaurants being empty?
I was out last night in NYC and there were full tables and lines out the door!
Stock market on autopilot? December 2018 I think it went down 10% and I guarantee if you pulled headlines from 2016-2019 there was plenty to worry about. There always is.
same , we are on a mini vacation right now ..we go to dinner early at 5:30 because the restaurants are packed any later
we were in woodstock ny a month ago ..we needed reservations in every place we ate at night
OK let's think about that one. Vacation destination = rich people who have money to spend = full restaurants. Now, let's look at middle class America where I am, and a lunch destination on a Friday, that for many years, has been full of people, is empty this past Friday and lunch, that used to cost me $10, is now $17, and I'm getting less food. Illegal aliens are creating a glut of workers, and driving down wages, and the poor and middle class are getting squeezed. Meanwhile, housing prices are up. Insurance costs are up. Health insurance costs are up. Grocery costs are up. Automobile costs are up. Day care costs are up. Let's not forget - higher education costs are up. This is unsustainable in long run. You're wealthy, mathjak, and living a different lifestyle than most people.
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