01-08-2022, 11:51 AM
Yeah, you need a really really specific re-entry plan and nerves of steel if you're going to time the market like that. Even if you get the first part right (moving to cash), you're not nearly done.
IMO, March 2020 is what dry powder is *for* -- those are the moments where you set yourself up for life.
XOM was at $31; BEN was at $15.60; MO at $35; DIS in the $90s; and on and on. My logic at those moments is that if the world is really ending, it doesn't matter so much if my assets are in cash or stocks, so might as well load up and enjoy the upside if the world doesn't end.
IMO, March 2020 is what dry powder is *for* -- those are the moments where you set yourself up for life.
XOM was at $31; BEN was at $15.60; MO at $35; DIS in the $90s; and on and on. My logic at those moments is that if the world is really ending, it doesn't matter so much if my assets are in cash or stocks, so might as well load up and enjoy the upside if the world doesn't end.