What I Am Buying Today.

[ken-do-nim]

(04-18-2023, 05:03 AM)rayray Wrote:

(04-17-2023, 09:27 AM)ken-do-nim Wrote: I think today might be a good one to get my 401k into cash (stable value fund, not a withdrawal), until at least the debt ceiling crisis is over.  Thoughts?

i'm not a fan of moving in and out of the market--hind sight is 20/20 and there have been plenty of times of "oh man only if i did this in the market"

another take is no one has ever gone broke taking a little profit off the top


the correct answer??

Be PRUDENT, whatever you decide to do know why you're doing it with the intent of a clearly defined future purpose--in other words--have a plan


i never know what the right answer is and i'm always late to the game so i ride the tide--and i'm greedy--i'm always like oh just a little more and i'll do this...i always lift the bar a little higher, it's never ending

good luck

This is a special situation.  Saying, "I will go to cash now and go back in when the recession is over" is much more difficult; the recession never seems to arrive, not all recessions tank the market, and knowing when to get back in is just as tricky.  Here we know that in June, the US government may default on its loans unless a deal is struck, and the Speaker of the House can't keep his job and make a deal.  I am thinking that the risk here in the market tanking is higher than any gain in the next two months.  That said, I thought long and hard about it yesterday but didn't pull the trigger. But I'm monitoring the situation daily.