quote:
I think the worst is to come after the mid terms. I don't see how we can't have a major correction if not a crash in the next few years as QE is tapered. What's your opinion.

I agree with Warren Buffett: I don't know which direction the next 1,000 point move on the Dow Jones will be but I'm certain I know which direction the next 15,000 point move will be.

I anticipate a 10-15% correction at some point but I've been predicting that for over a year now so I can honestly say, I don't know what's going to happen or when.

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Posted by SmackoverHawg

Member since Oct 2011

27388 posts

Posted on 1/5/14 at 12:47 pm to LSURussian

quote:
agree with Warren Buffett: I don't know which direction the next 1,000 point move on the Dow Jones will be but I'm certain I know which direction the next 15,000 point move will be. I anticipate a 10-15% correction at some point but I've been predicting that for over a year now so I can honestly say, I don't know what's going to happen or when.

This is 100% true and I'm not into trying to time the market. My "set montly/yearly" investments are still going into the market. I guess what I'm holding out are what I consider my speculation money. It's just that I'm getting too much of it that I hate to keep in in MM accounts or CD's. But I like having a chunk to take my swings when the market does tank. I did this before 2008 and have been able to triple my net worth in the years since. My goals are long term so I don't sweat short term loses at all.

Any sugggestions on what I should do with the money I have put back or a max percentage I should have in cash. I don't include my real estate/land holdings in the percentages except for the REIT's.

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Posted by Big Scrub TX

Member since Dec 2013

33744 posts

Posted on 1/5/14 at 4:36 pm to LSURussian