(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing......
IMO good call on locking it in because I will be amazed if 3% risk free lasts. Week by week I have gradually moved in the same direction. Most of the "cheap" stocks look like damaged goods to me. Stocks are running because the market thinks they will probably hit the downgraded forecasts. Are these by chance the same earnings forecast numbers that got those same stocks killed in DEC? The market is amazing sometimes.
I have plenty of money in CD like investments so I mixed it up some this week. Added a lot more to my ultra short bond fund. A couple percent of the port in a short term bond fund, and just a dab of a Vanguard junk bonds fund just for fun as I have never done that. Their version of risky anyway. Vanguard is not good at letting their hair down lol. I'll always stay in the market but this just feels like a good time for some dry powder, whether I use it in a month or a year.