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only do this if you need the money < 5 years. Timing the market is not possible, and while I agree many troubling signs, it's impossible to time when to buy bac
by etrautmann 7y ago
only do this if you need the money < 5 years. Timing the market is not possible, and while I agree many troubling signs, it's impossible to time when to buy back in, and you lose dividends and potential gains during the time on the sidelines.
If you need the money short term, then it shouldn't be invested in equities.
- tempsy 7y agoIn theory I agree...but it's been a 10 year bull market and I would really not want to see any of my non-retirement or retirement accounts halved if I can help it. My amateur "macro" view is we're in for heavily volatile times in the next 5 years. I tend not to follow textbook personal financial advice shrug
- quaquaqua1 7y agoI cashed out in September 2018 and I am most certainly not crying about missed profits :) That money is happily deployed elsewhere for better uses and the next time I have excess savings it will go into stocks when they're at the bottom of the market
- tasuki 7y ago> when they're at the bottom of the market Will there be an announcement?
- notJim 7y agoA few weeks lead time would be ideal.
- quaquaqua1 7y agoYes, but there's also no need. When 2008 happened, not only was it in the news 24/7, anyone looking at the chart understood they were getting a 30% discount on an index of the US economy.
- deleted 7y ago[deleted]