12-21-2018, 09:11 AM
(12-21-2018, 06:44 AM)rayray Wrote: Nothing changes, still in the accumulation phase and being roughly 15 years away from retirement I stay the course and invest when I have "x" amount of dollars saved. I have friends that are constantly trying to buy, sell and or stay on the sidelines for the right time. Well, I had friends sell in 2009 and stay on the sidelines as late as 2014/15. Really? Yea, some of these guys have finance degrees!rayray,
Maybe as I get older and make more I'll have more cash waiting to be deployed when it gets really bad, but I don't know. The markets go up and they go down, my stomach doesn't get upset either way.
I save then put the cash to work.
Your plan is sound. I rode out a few crashes 100% invested. As retirement approached I knew it would be foolish to do that yet again when it was clear we are getting long overdue for a recession. Call it market timing if you like, but having the ability to go shopping with real money when the market is anywhere near it's lows will be very noticeable in the end. Buy and hold, and dollar cost averaging are great. So is not losing half your money every five or ten years. Even Buffet will tell you that. There are times when being 100% invested makes sense. This doesn't look like one of those times unless you are just starting out.