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After this weeks earnings..is it wise to move some from S&P mutual fund to a money market
Posted on 6/23/24 at 9:53 am
Posted on 6/23/24 at 9:53 am
Acct…..lets say 50% in money market and leave the other 50% in the mutual fund. Move it to secure the profits? Since we at an all time high. How much cash do u guys have sitting on the sidelines? 50%?
9
Posted on 6/23/24 at 10:06 am to SuckerPunch
Ok let me rephrase….do u guys think having some cash sit on the sidelines is a good strategy in case of a pullback or crash?
Posted on 6/23/24 at 10:14 am to SuckerPunch
Posted on 6/23/24 at 10:25 am to SuckerPunch
Unless you may need the money in a pinch or very close to retirement, just hold what you have in mutual funds.
Why pay long/short term cap gains tax in hopes of timing the market?
If you are a little spooked about the current market, just leave your current holdings alone and put any new investment cash into staggered 3, 6, 9, 12 month CDs.
You’ll earn over 5% and have some cash available at different points in the year if the market does drop.
Personally, I have around 5 - 7 cash in the taxable brokerage but it gets 4.13% just sitting there.
And that’s my “play” stock/bond pick allowance.
Why pay long/short term cap gains tax in hopes of timing the market?
If you are a little spooked about the current market, just leave your current holdings alone and put any new investment cash into staggered 3, 6, 9, 12 month CDs.
You’ll earn over 5% and have some cash available at different points in the year if the market does drop.
Personally, I have around 5 - 7 cash in the taxable brokerage but it gets 4.13% just sitting there.
And that’s my “play” stock/bond pick allowance.
Posted on 6/23/24 at 10:31 am to stewie
Maybe im not being clear…when i say “cash sitting on sidelines”…im not pulling it “out”… so there is no captial gains tax…its still in my 401k…just in an interest bearing acct…so its just sitting there getting 2.5% interest no matter if market go up or down…i got about $250k total in acct so far.
Posted on 6/23/24 at 10:41 am to SuckerPunch
Almost never a good idea to try to time the market, and we really don’t have enough information about your personal situation, age, allocation goals, etc.
And you should be able to do better than 2.5% on cash. I’m getting over 5%.
And you should be able to do better than 2.5% on cash. I’m getting over 5%.
Posted on 6/23/24 at 11:02 am to SloaneRanger
5% would be nice…but im stuck in a work 401k program and it only offers 2.5%…i hear what yall saying about timing the market…the poster who gave the example of them peter perfect fella timing the market…all great examples…but what about setting aside several thousand…because i could care less what the $ amount per share is right now in a mutual fund…i want the more shares.
Posted on 6/23/24 at 11:06 am to SuckerPunch
The object is to get “more shares”…now which strategy u go with..the market will come down…it always does…there will be a “correction” at some point is one strateg…the other strategy is never time the market..just put in when u can as soon as possible….i am 49 yrs old, stuck in a work 401k..meaning i have several mutual funds to choose from…thats it.
Posted on 6/23/24 at 11:12 am to SuckerPunch
quote:
in case of a pullback or crash?
If you were (day or swing) trading there’s certainly nothing wrong with taking profits. But you’re talking about timing the market with your investment account. And going to 50% cash all at once (just based on the upcoming earnings season) is a pretty extreme move. So my question is, at what point would you begin to move back into equities? And what would be the catalyst for that?
Also, you may have already said this, but how long do you have until planned retirement?
Posted on 6/23/24 at 11:21 am to SuckerPunch
quote:
i hear what yall saying about timing the market…
I don’t think you are.
Don’t ask a question when youve already made up your mind.
Posted on 6/23/24 at 11:30 am to SuckerPunch
quote:
Acct…..lets say 50% in money market and leave the other 50% in the mutual fund. Move it to secure the profits? Since we at an all time high. How much cash do u guys have sitting on the sidelines? 50%?
How old are you?
If you young im not moving anything around to a money market or mutual fund.
If you nearing retirement i can see you moving it around
Posted on 6/23/24 at 11:49 am to Double Oh
49…im just looking at “history”
1)its over due for a correction
2) reports came in from the month of May that May was the most money ever taken out of the S&P and moved into money markets accts
3)presidental election coming up so there will prob be an “event” of some kind so u cant discount this possibilty…conspiracy ..black helicopters…yeah
This is for those over the age of 3ish..since they lived thru up and down of stock market and events that affect the market. This bull run we on right now is gonna end at some point.
1)its over due for a correction
2) reports came in from the month of May that May was the most money ever taken out of the S&P and moved into money markets accts
3)presidental election coming up so there will prob be an “event” of some kind so u cant discount this possibilty…conspiracy ..black helicopters…yeah
This is for those over the age of 3ish..since they lived thru up and down of stock market and events that affect the market. This bull run we on right now is gonna end at some point.
Posted on 6/23/24 at 1:09 pm to SuckerPunch
Sounds like we should be asking you for advice.
Posted on 6/23/24 at 1:11 pm to SuckerPunch
quote:
Maybe im not being clear…when i say “cash sitting on sidelines”…im not pulling it “out”… so there is no captial gains tax…its still in my 401k…just in an interest bearing acct…so its just sitting there getting 2.5% interest no matter if market go up or down…i got about $250k total in acct so far.
Just leave it invested in sp500. You aren’t good enough to time this correctly. Don’t try.
Posted on 6/23/24 at 1:17 pm to JohnnyKilroy
Top 3 reasons are following out flows from a month ago, bulls cant run forever, and black helicopters. I think he's got it.
Posted on 6/23/24 at 1:44 pm to SuckerPunch
quote:
49…im just looking at “history”
Let it ride
Posted on 6/23/24 at 8:12 pm to SuckerPunch
quote:
How much cash do u guys have sitting on the sidelines?
In a 401K account? $0.00
Stay in baw.
Posted on 6/23/24 at 8:33 pm to NewIberiaHaircut
I am in my fifties and I have half my 401k in S&P and the other half in 5+% CD’s. The key is have a plan and follow through with that plan when the market does pull back.
Meaning dont get spooked and not buy back in when the news is bad and dont try to time the bottom.
Meaning dont get spooked and not buy back in when the news is bad and dont try to time the bottom.
Posted on 6/23/24 at 8:35 pm to SuckerPunch
Take it out at the top, and put it all in at the bottom.
It’s simple.
Good luck.
It’s simple.
Good luck.
Posted on 6/23/24 at 8:52 pm to SuckerPunch
I guarantee you some time in the next ten years there will be a significant pull back
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