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Message
re: How much are you down ..
Posted on 1/15/16 at 6:24 pm to Joshjrn
Posted on 1/15/16 at 6:24 pm to Joshjrn
quote:
quote: if it starts rising quickly, I may jump back in. Good luck.
I know. I have no idea what I am doing just that I want to base my decisions on sound financial principles. I do not see any of that in today's economy. So I just cashed out.
Question is still...........when is it low enough that we are back to realistic valuations?
1
Posted on 1/15/16 at 9:19 pm to Teauxler
Zero. I haven't sold anything. It's not a loss until you sell it. 
Posted on 1/15/16 at 11:50 pm to SECdragonmaster
quote:
I know. I have no idea what I am doing just that I want to base my decisions on sound financial principles. I do not see any of that in today's economy. So I just cashed out.
Question is still...........when is it low enough that we are back to realistic valuations?
Look, all joking aside, congratulations on getting very lucky this one time. If you're asking my advice, start buying back in in chunks starting right now. With that said, I would swear on both of our grandmother's graves when it comes to dollar cost averaging, so you need to decide on your strategy.
Posted on 1/16/16 at 12:09 am to Teauxler
DONT WANT TO LOOK!
Posted on 1/16/16 at 5:26 am to Joshjrn
quote:
Look, all joking aside, congratulations on getting very lucky this one time. If you're asking my advice, start buying back in in chunks starting right now. With that said, I would swear on both of our grandmother's graves when it comes to dollar cost averaging, so you need to decide on your strategy.
Thanks for the kind advice.
I have been in the stock market for over two decades and have never cashed out. I have always just kept ignoring the news and plugged in my contribution. In fact, I have never even entertained the idea of cashing out.
This year has just felt so much different. Even with this "mini drop" (and that is all that it is), it still feels different. I still feel like a BIG drop is coming. My decision to sell came down to prayer. (That is all I will say because this is not the Religion board)
Every sound financial mind would agree with dollar cost averaging, at least every one I would trust.
But something still feels wrong about buying back in now.
By the way, for anyone thinking that I am gloating. I am not. I MAY HAVE sold at the right time. The reason I say MAY HAVE is because there is still one more step to go. If I buy back now and we have a major crash, I lose anyway. If I don't buy back and we recover quickly, I accomplished nothing.
I only win if I buy back at the right time. Right now, I am the Houston Oilers up 35-3 over the Buffalo Bills in the AFC playoff game.
Posted on 1/16/16 at 3:15 pm to SECdragonmaster
Since you've been in the market for two decades plus, I'm assuming that you're at least in your early to mid 40's. If you're older than that, then you may be approaching that inevitable time when it becomes necessary to rebalance, and decrease the percentage of equities in your portfolio.
Whatever caused you to cash out, it was an opportune move.
And while you'll eventually want to use that cash to do something other than drawing slight interest, I don't think that you need to be in any great hurry "just because". I took my 401k contributions to 50% cash early last year. I didn't cash out of anything that I had, but everything that went in in 2015, it went to a money market contract fund. I didn't see that the risk/reward was there to justify any greater percentage going into equities - and bonds were not the place to be. I don't know what this equity correction means in the short to medium term, but cash doesn't burn a hole in my pocket at this stage of my life - not with my retirement funds anyway. In my trading account, I'll continue to do what I do. I don't mind being a crazy trader, but I'm (now) seeking to be a more conservative investor. With my retirement funds, I'm content to let the falling hot coal hit the floor and bounce a few times before attempting to pick it up. The younger fellows here, some of them haven't been lit up yet, so they sometimes try to desperately catch 'em on the way down. But they have plenty of time for the burns to heal, and maybe they'll learn from that experience (as I did... more than a few times 
). I don't have that luxury now. You may not either. Patience...
Whatever caused you to cash out, it was an opportune move.
And while you'll eventually want to use that cash to do something other than drawing slight interest, I don't think that you need to be in any great hurry "just because". I took my 401k contributions to 50% cash early last year. I didn't cash out of anything that I had, but everything that went in in 2015, it went to a money market contract fund. I didn't see that the risk/reward was there to justify any greater percentage going into equities - and bonds were not the place to be. I don't know what this equity correction means in the short to medium term, but cash doesn't burn a hole in my pocket at this stage of my life - not with my retirement funds anyway. In my trading account, I'll continue to do what I do. I don't mind being a crazy trader, but I'm (now) seeking to be a more conservative investor. With my retirement funds, I'm content to let the falling hot coal hit the floor and bounce a few times before attempting to pick it up. The younger fellows here, some of them haven't been lit up yet, so they sometimes try to desperately catch 'em on the way down. But they have plenty of time for the burns to heal, and maybe they'll learn from that experience (as I did... more than a few times ). I don't have that luxury now. You may not either. Patience... Posted on 1/16/16 at 5:49 pm to Teauxler
I don't look at retirement accounts until the end of each quarter. Then rebalance if needed.
Trading account is down 1.5% so far this year but I entered the year with about 30% cash. As I mentioned in other threads I have several oil related companies (XOM, RDSB, HP, and SDRL) on my watch list.
Trading account is down 1.5% so far this year but I entered the year with about 30% cash. As I mentioned in other threads I have several oil related companies (XOM, RDSB, HP, and SDRL) on my watch list.
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