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Moved 401k from stocks to bonds about two summers ago after doing some forecasting. Saw a high probability of a crash by this summer into the end of the year. C
by throwaway743 7y ago
Moved 401k from stocks to bonds about two summers ago after doing some forecasting. Saw a high probability of a crash by this summer into the end of the year. Coronavirus was a catalyst that sped that up significantly.
Not entering the markets again until S&P hits and maintains its closing weekly/monthly values around $1800-$2100. If it breaks below, idk wtf to do.
Aside from that, just spending on essentials, cooking a lot, saving what I can to put into investments once markets calm down, and working on side projects that have the potential to generate side income.
- shostack 7y agoCan you elaborate on any of the signals you used to determine a crash was on the horizon?
- biolurker1 7y agoHuge survivor bias, nobody would pot here if there wasn't a crash
- Twixes 7y agoThe virus is pretty much the sole cause of the crash (with some oil price war influence), nobody could have foreseen this to occur this year or even within a few decades.