What I Am Buying Today.

[Kerim]

(04-18-2023, 02:12 PM)ken-do-nim Wrote: Okay, I plunged ahead and moved my 401k into the Putnam Stable Value Fund.  I'm not trying to ride out the recession, just the debt ceiling crisis in Washington.  I appreciate that Speaker McCarthy went to Wall Street yesterday to assure investors the US won't default on its obligations, but the situation looks dire to me.  https://finance.yahoo.com/news/governmen...46615.html

Edit: Actually from the article, it says, "On Monday, House Speaker Kevin McCarthy (R-CA) traveled to the New York Stock Exchange Monday to warn Wall Street of the growing chance lawmakers “will bumble into the first default in our nation’s history.” which is even less reassuring.

No changes, as of now, to my Morgan Stanley / E*Trade accounts.

I think my net worth would be noticeably higher today if I hadn't tried such timing moves as you're describing here. I don't fault you, and I've done it myself, so not throwing stones. But predicting the future, even the near future, is pretty hard. And even if your predictions are right, the market may not behave as you'd guess in response to those correct predictions.

Best of luck! (To us all!)