The problem is he kicked the can down the road. Until he takes it off the table it is going to have repercussions. As someone is very close to retirement I am wondering if I should pull all of my stocks and get very conservative with my investments in the next few weeks (quit while I am ahead)?
Ask people. How they did in 2008 when they pulled all of their money out of the market. I know people that did. Remember the world came to an end with the Great Recession?
I meant to post the same thing, but got sidetracked looking to see if there was an off-topic forum/thread about investing.
Looks like someone has been watching too much Jake Broe.
while long term I agree with you guys fully if I was literally about to retire I might consider going a little more conservative than I might have otherwise gone. not pulling out of the market, just more conservative investments. long term it's index funds all the way for me. they are pretty much impossible to beat on average.I meant to post the same thing, but got sidetracked looking to see if there was an off-topic forum/thread about investing.
You can even look as recently as 2020. People who panicked in March 2020 and got out, missed the rest of 2020 and 2021. Obviously 2022 sucked, but I remember being up 75% in 2021, and that wasn't even a wildly aggressive portfolio. That kind of return is generational.
There are different ways to define conservative. The best rule is buy low sell high. One rule I follow is when you find something you like for whatever stupid reason you wish to use purchase 10% more than you want to. Then you must keep that 10% for 10 years! If you sell the rest of shares preferably at a profit and later repurchase them you are obligated to purchase an additional 10% for 10 year stake to hold with the first 10 year bunch. I am 60% cash now but I did purchase stocks yesterday with 20% of it. (2/3 of the 10% keepers are already paid for = love stupid panic dips).
you should go work for a hedge fund if you think you can beat the S&P500. they'd love to have you.
For sure! Good luck!Back to Mavericks I hope mine will be built and shipped next eeek and across the border when the 30 day reprieve ends.
I can risk my $ but cannot risk others but in high school I did consider becoming actuary but couldn't fund all the years of college.
That's because you can't reliably beat the S&P500. It's gambling, assuming you aren't doing something illegal.
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