Going cash?

Do it pussy.

aychamo_aycono_sl said:

Hi all,

Is anyone else a bit paranoid about what may happen over the next couple of weeks with their investments? I've been thinking of going "all cash" (just sell out to a money market account) this week. I don't mind if I miss a small rally, but I'd rather not see another 2008/2009. Thoughts?

Click to expand...

If you are in any sort of funds, you can assume they've already moved into defensive positions. That is, unless they are run by retards.

Market timing is bad investing strategy.

Clearly, cash is for retards. Better to start a company making skateboard cameras or pantyhose without feet. Then, $billion$

Me? I invented the boomerang rubber band.

Doctors are notorious for making bad financial decisions, you should know that. In general you're better off doing the exact opposite of what you think is best and you will likely be better off

Eomer_sl said:

Market timing is bad investing strategy.

Click to expand...

Yup, let the fund managers do that.

aychamo_aycono_sl said:

Hi all,

Is anyone else a bit paranoid about what may happen over the next couple of weeks with their investments? I've been thinking of going "all cash" (just sell out to a money market account) this week. I don't mind if I miss a small rally, but I'd rather not see another 2008/2009. Thoughts?

Click to expand...

Imo....

Don't worry so much about what the market is going to do over the next month or so, but look longer term.

If you were planning to sell like within the next year anyways, then sell now. Your taxes on capital gain is going to double or triple next year, so if you were planning on getting out of the market, or to decrease your market presence, now would be the time.

But don't do it because you think the market is gonna tank over the next month, or even year. Even if it does, cash (imo again) is a horrible position to take. If you feel, as I do, that we are headed for inflation over the next few years, then cash will become less and less valuable. I personally am putting more in gold/silver, also in tax-free municipal bonds....both are long term outlooks. I haven't, nor do I plan to, "sell out" of the market, but I haven't added anything substantial to my brokerage accounts in a while.

I believe you are youngish.....like in your 30s? That would be even less reason to get out, at least completely, you have decades to go before retirement, and even with the increased taxes and any possible recession...by the time you do retire, you will have seen many ups and downs in the market, and having ridden it all out, your final nest egg should be fine. Make sure you are properly diversified, that you don't have all your eggs in one basket (like the stock market), and I think you should be fine.

Izuldan_sl said:

If you were planning to sell like within the next year anyways, then sell now. Your taxes on capital gain is going to double or triple next year, so if you were planning on getting out of the market, or to decrease your market presence, now would be the time.

Click to expand...

No

No, capital gains taxes aren't going to double or triple, or no, don't sell even if you were planning on selling anyways?

The former - I'm not a financial consultant nor do I play one on TV.

If you are in it for the long haul, then worrying about what will amount to a temporary anomaly in your investment performance isn't worth trying to time the market. If the market does crash, just use the opportunity to get some more money in there.

The market has priced in a reasonable risk of the cliff negotiations failing.

Unless you think you know something other people don't, hold your horses. Weight down a bit if you want, but don't go all cash. Like Eomer said, market timing is not a good investment strategy (for 99% of us).