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> Folks smarter than me: is it prudent to move my assets into cash for a couple of months? No, bad idea. Don't make moves based on press articles like this --
by lutusp 13y ago
> Folks smarter than me: is it prudent to move my assets into cash for a couple of months?
No, bad idea. Don't make moves based on press articles like this -- they're either created by people who want to exploit your reaction, or they're followed by contrarians with no connection to the article, who do the opposite of what the article suggests, and thereby also exploit your reaction.
http://en.wikipedia.org/wiki/Contrarian_investing http://en.wikipedia.org/wiki/Contrarian_investing
My advice -- invest long-term in market index funds, and pay no attention to market advice. More here:
http://arachnoid.com/equities_myths http://arachnoid.com/equities_myths