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re: For those who moved cash to the sidelines

Posted on 10/25/22 at 7:52 pm to
Posted by Lone Wolf McQuade
Member since Sep 2022
207 posts
Posted on 10/25/22 at 7:52 pm to
Not now.
Posted by slackster
Houston
Member since Mar 2009
85465 posts
Posted on 10/25/22 at 9:17 pm to
They’ll tell you after the market is fully recovered that they timed it perfectly months earlier. Our big time market timers are notorious for beating their chests well after the fact.
This post was edited on 10/25/22 at 9:18 pm
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1590 posts
Posted on 10/25/22 at 10:17 pm to
Why act like it’s not possible to shift from growth to value, overweight commodities in general, use short duration bonds and keep some cash without calling it market timing? It’s strategy. And you don’t even have to be early most of the time if you pay attention.

I would agree that not having a strategy and doing it without watching it is a pretty terrible idea.
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1051 posts
Posted on 10/25/22 at 11:23 pm to
Got back in on Monday
Will get back out in December or if the market goes up 10%, which ever comes first
This post was edited on 10/25/22 at 11:25 pm
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1051 posts
Posted on 10/25/22 at 11:28 pm to
I’m up 2.8% so far.
Only 7% to go.
Posted by LSUShock
Kansas
Member since Jun 2014
4924 posts
Posted on 10/26/22 at 1:35 am to
Just keep throwing my 10% of everything I've ever made into Coca Cola, Nike, & S&P 500.
Posted by slackster
Houston
Member since Mar 2009
85465 posts
Posted on 10/26/22 at 3:24 am to
quote:

Why act like it’s not possible to shift from growth to value, overweight commodities in general, use short duration bonds and keep some cash without calling it market timing? It’s strategy. And you don’t even have to be early most of the time if you pay attention.


Because the majority around here aren’t exactly calling their shots as they happen. I just don’t give a lot of e-cred to someone who is bragging about what they always seem to have done 6-9 months ago.
Posted by DTRooster
Belle River, La
Member since Dec 2013
7981 posts
Posted on 10/26/22 at 5:32 am to
Not until the VIX breaks hard above 40 at least once for sure. I figure sometime in the first quarter we’ll get a chance to start fazing back in. Been patient since last Sept, now’s not the time to get spunky.
Posted by DTRooster
Belle River, La
Member since Dec 2013
7981 posts
Posted on 10/26/22 at 5:43 am to
quote:

I just don’t give a lot of e-cred
cred from you is about as useful as the hair on my nuts
Posted by Drizzt
Cimmeria
Member since Aug 2013
12986 posts
Posted on 10/26/22 at 8:39 am to
Probably next year I’ll get back in heavy…but only if the price is right. Depends on how much blood is in the streets.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124542 posts
Posted on 10/26/22 at 8:41 am to
Truckload of cash sitting on the sideline, here.

Was ready to jump in last Monday given a further pullback. But the market inexplicably rallied instead. So no dice.

My best guess is we still drop to ~3400. 3500-3550 range is probably good enough as a jumping back in point for me.
Posted by Niner
Member since Apr 2019
2026 posts
Posted on 10/26/22 at 8:45 am to
quote:

my cash will probably sit on the sidelines a little further unless I get an opportunity to buy at S&P levels under $2900
Just doing the math, that means you believe the S&P 500 will experience a decline of over 44% before you get back in?

That's happened a grand total of three times since 1940 (Jan '73 - Oct '74, Mar '00 - Oct '02, Oct '07 - Mar '09).

Some additional context: if you are wrong, and let's say the S&P 500 flirts with a 30% drop instead, do you know the average 5-year return of the S&P 500 after a 30% drop? About 10% annualized / 50% cumulative.

To say the odds are against your success would be an understatement.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73648 posts
Posted on 10/26/22 at 9:09 am to
quote:

cred from you is about as useful as the hair on my nuts




Posted by deathvalleytiger10
Member since Sep 2009
7647 posts
Posted on 10/26/22 at 9:31 am to
Those that are out, will watch the markets climb back where they were when they got out, or even higher, and then pull the trigger.

For me, I just keep buying like clockwork. I believe in time in the market, not timing the market.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51978 posts
Posted on 10/26/22 at 10:35 am to
quote:

I think under investment during the oil and gas price crash the last 7 years and the pandemic had much more to do with global oil prices than the sitting US president. Energy prices are high all over the world, not just the USA


Sort of. Oil is priced internationally, current world production is ~4M bbl\d less than what it was just before COVID (that's the May 2022 number, so it doesn't even count the Saudis expressed cut).

Domestically, due to increasing EPA regulations it's essentially impossible to build a new refinery (we haven't built a new one since 1977, despite increased demand). Instead, refineries have had to expand (and even that is fraught with costs and red tape). Since 2020 there have been something like 5 or 6 refineries which have remained shuttered.

So we have increased demand, but lower supply and lower ability to refine (~1M bbl/day) than we had just prior to COVID and the "green" push from the current administration works only to increase that by making it more difficult to both drill and refine more domestically.
Posted by el Gaucho
He/They
Member since Dec 2010
53382 posts
Posted on 10/26/22 at 10:42 am to
quote:

Those that are out, will watch the markets climb back where they were when they got out, or even higher, and then pull the trigger. For me, I just keep buying like clockwork. I believe in time in the market, not timing the market.

Hey

I’m a millenial here to tell you that the rose tinted boomer heyday is over. The us economy is based off of buying junk from China and selling it to each other. We’re essentially a Soviet bloc country but nobody realizes it yet

But keep giving that money to Hillary maybe you can work long enough to get another crash before retirement
Posted by deathvalleytiger10
Member since Sep 2009
7647 posts
Posted on 10/26/22 at 11:04 am to
Millenial, ha. Not sure why that matters, at all.

Tell us oh great one. What is your strategy?
Posted by el Gaucho
He/They
Member since Dec 2010
53382 posts
Posted on 10/26/22 at 11:08 am to
I’m just waiting for the nukes baw


If Putin doesn’t save us we’re all gonna end up in the fema camp
Posted by deathvalleytiger10
Member since Sep 2009
7647 posts
Posted on 10/26/22 at 11:19 am to
quote:

I’m just waiting for the nukes baw


Good Luck, Hope they find you.
Posted by el Gaucho
He/They
Member since Dec 2010
53382 posts
Posted on 10/26/22 at 11:50 am to
Nah Putin wouldn’t waste a nuke on Baton Rouge
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