My plan is to stay invested until dividends hit in December, and then I’m going to evaluate moving my investments into a money market or bonds. Amazon’s numbers show that consumers are still buying, and my assumption is that consumer spending will hold off the pop for now.
I 100% expect a massive crash, and when it’s just seven companies propping up an entire economy, the pop is going to be very bad. I’d rather lose a little value in the short term than have my portfolio drop to a calamitous degree and have to wait 5-10 years for it to recover.
Mid-Cap index funds should be fairly insulated from the damage as well, given they would exclude companies as large as nVidia.
Either way, biggest thing people is when the bubble pops, that is the time to buy in more, not the time to sell. The buy high-sell low strategy is easy to fall into emotionally.
that is the time to buy in more, not the time to sell.
1000000%
That’s the other side of my strategy, having my portfolio in cash means I can reinvest at the new fire sale prices.
I was able to pay off my student loans by buying oil stock at a 90% discount in March 2020 and then waiting a few years for the rebound. You don’t even need to be rich to do it, just patient.
My plan is to stay invested until dividends hit in December, and then I’m going to evaluate moving my investments into a money market or bonds. Amazon’s numbers show that consumers are still buying, and my assumption is that consumer spending will hold off the pop for now.
I 100% expect a massive crash, and when it’s just seven companies propping up an entire economy, the pop is going to be very bad. I’d rather lose a little value in the short term than have my portfolio drop to a calamitous degree and have to wait 5-10 years for it to recover.
*not a FA, just my personal plan
I stopped putting money into us equities and started to put them in purely international index funds. I havent sold anything though.
Yeah, this economy has given me the heebie-jeebies for the last quarter now.
Unless you’re a billionaire or on a signal chat in Washington, I don’t know how you can feel good about what’s happening.
I wish I could convince SO to do this with our funds but they will just say im a doomsdayer
Oof, yeah. Having to make group decisions with money is tough.
Partly why I love being single and childless.
I can see that!
We will probably just ride it out
https://youtu.be/GVFgEBq0EKM
Mid-Cap index funds should be fairly insulated from the damage as well, given they would exclude companies as large as nVidia.
Either way, biggest thing people is when the bubble pops, that is the time to buy in more, not the time to sell. The buy high-sell low strategy is easy to fall into emotionally.
1000000%
That’s the other side of my strategy, having my portfolio in cash means I can reinvest at the new fire sale prices.
I was able to pay off my student loans by buying oil stock at a 90% discount in March 2020 and then waiting a few years for the rebound. You don’t even need to be rich to do it, just patient.
I’m waiting for my sweet 200 in tax returns and rolling it into scratch tickets.
May the odds be ever in your favor.