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re: Anyone thinking of exiting the market for a few months?

Posted on 8/26/22 at 2:59 pm to
Posted by ronricks
Member since Mar 2021
7103 posts
Posted on 8/26/22 at 2:59 pm to
Why? I’ll continue to max my 401k, Roth, and HSA instead of trying to be some guru. History is on my side not yours.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26039 posts
Posted on 8/26/22 at 4:12 pm to
quote:

Why? I’ll continue to max my 401k, Roth, and HSA instead of trying to be some guru. History is on my side not yours.


I’m not continuing to not max out my SEP, HSA, or (I’m not eligible for Roth). Those will still be max’d out but I’m thinking of waiting to buy back in around the end of 24 while I’m up on everything so I can reenter at a lower price and enjoy even higher returns.

GRIN is really the main one I’m going back & forth on as to dumping because it’s so ridiculously undervalued right now but I can see it dropping back down to 15 or 16 in Dec.

The foreclosure problem is going to be massive. Spoke with two CEO’s over the last couple of days who are well known in the default and servicing space and both said the defaults are going to be worse than 2008 levels thanks to the foreclosure moratoriums, consumers new credit card debt load due to soaring energy costs, and global financial crisis starting to take hold.
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