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Trying to time the market is a bad idea, I keep repeating to myself. But the idea of having more cash on hand to weather uncertain times, including moving back
by davidw 2y ago
Trying to time the market is a bad idea, I keep repeating to myself. But the idea of having more cash on hand to weather uncertain times, including moving back to Europe if that looks like a good move, seems appealing right now.
- ironman1478 2y agoThat phrase is really dependent on where you are in life. If you're young, sure! But if you have a big purchase coming up in the next few years (house) or might be retiring, I can't imagine tying up a lot of one's resources in the market right now. The downside really can outweigh the upside.
- ori_b 2y agoThat advice has been good in stable times. The last 75 years have been remarkably stable for the world. The last 150 have been remarkably stable for North America. At the moment, it's an open question how stable things will be going forward.