3 ms·
I am happy to receive 0% for the time when I believe the market is priced far too high and a sudden correction is on the cards. I have the peace of mind that my
by dazc 5y ago
I am happy to receive 0% for the time when I believe the market is priced far too high and a sudden correction is on the cards. I have the peace of mind that my cash is not going to lose 30% of its value overnight and also look forward to an opportunity of picking up some nice assets for a huge discount at some future date in time.
- ddorian43 5y agoYour cash position is steadily losing 5% a year to inflation. Probably even more the last year. The discount in the future may be lower than the current price.
- dazc 5y agoMy cash position is short term though. Less than a year for sure.
- chrisgd 5y agoSince 2009, this comment is always repeated. At some point it may be true
- Ma8ee 5y agoLike in 2008?
- chrisgd 5y agoBut when is the right time? If you bought nov 2008 you would have 6 more months of declines in a lot of names. This idea is even harder than holding on to your winners. Automate a transfer into a dated retirement account for 90% of your investments.
- harambae 5y agoIt already was true between 2009 and now (March 2020)