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Posted on 11/22/20 at 6:21 pm to SoloTiger
quote:
Already did last week. Parked it in a money market until the future of the country becomes clearer.
Don't really see the market going anywhere sustainable until then.
Just think if you had this same mentality in the midst of 2008 and Obama was elected.
Posted on 11/22/20 at 6:33 pm to BarberitosDawg
Can't imagine any scenario where it makes sense to "cash out." If you want to rebalance, fine, But cash out, no. Having said that, I don't think we are going to see 30k anytime soon.
Posted on 11/22/20 at 6:37 pm to BarberitosDawg
And do what with the money? The dividends on stocks generate more income than interest bearing securities, most of which are paying close to zero.
Posted on 11/22/20 at 6:39 pm to BarberitosDawg
I'm 4 years from a planned retirement. I'm up 20% this year overall, after being down 20% in May. Makes me nervous. I wanted 4 more years of a businessman in the white house, but we are back to career politicians running everything.
Posted on 11/22/20 at 7:58 pm to SloaneRanger
quote:
I don't think we are going to see 30k anytime soon.
It’s only about 2.5% away, it could happen sooner than you think.
Posted on 11/22/20 at 8:17 pm to SoloTiger
quote:
Already did last week. Parked it in a money market until the future of the country becomes clearer.
Maybe you will time it correctly, but I have been reading this board since 2008, and to the best I can remember every single time someone posted this idea they were later proved very wrong.
Posted on 11/22/20 at 8:50 pm to CajunTiger92
We hit 30,000 intra day last week before it went down a little.
Posted on 11/22/20 at 8:59 pm to geauxpurple
It could make a run at a closing basis this week. The round number milestones seems to attract the traders to push it over. Wonder if Art Cashin has a Dow 30k hat.
This post was edited on 11/22/20 at 9:00 pm
Posted on 11/22/20 at 9:09 pm to geauxpurple
quote:Not quite. Its highest intraday high was on November 16 when the DJ30 hit 29,964.29.
We hit 30,000 intra day last week before it went down a little.
LINK
This post was edited on 11/22/20 at 9:32 pm
Posted on 11/22/20 at 9:30 pm to SloaneRanger
quote:
I don't think we are going to see 30k anytime soon.
Because 3% is impossible right? It’s not like it’s 25% from where we’re at. We could hit it tomorrow.
Posted on 11/22/20 at 10:16 pm to PillPusher
I’m thinking about cashing in before the end of the year to avoid paying Biden’s ridiculous capital gains increase!
Posted on 11/23/20 at 8:19 am to kywildcatfanone
quote:
I'm 4 years from a planned retirement. I'm up 20% this year overall, after being down 20% in May. Makes me nervous. I wanted 4 more years of a businessman in the white house, but we are back to career politicians running everything.
I know it’s the catchy and popular thing to say amongst conservatives- but there isn’t any real reason to believe Biden is inherently bad or worse for the stock market than Trump. Certain sectors - sure, same as Trump would be worse for certain sectors than Biden. The overall stock market, nothing supports that fear - it’s irrational and mostly emotionally charged (people who don’t like Biden and like Trump).
Posted on 11/23/20 at 8:22 am to moock blackjack
quote:
I’m thinking about cashing in before the end of the year to avoid paying Biden’s ridiculous capital gains increase!
I love this
“I will subject myself to taxable capital gains to avoid paying capital gains taxes!!!!!”
we are through the looking glass
Posted on 11/23/20 at 9:10 am to BarberitosDawg
quote:
I have a few friends who will be after 30+ years of investing.
If you're at or near retirement, it makes lots of sense to move your money into safer investments.
If you're years from retirement, you're leaving money on the table.
Posted on 11/23/20 at 9:38 am to KamaCausey_LSU
quote:
If you're at or near retirement, it makes lots of sense to move your money into safer investments.
What is “safer” investments? Investing into bonds at rock bottom interest rates?
Posted on 11/23/20 at 9:41 am to Shepherd88
You mean the year before a 60% drawdown occured? 
Posted on 11/23/20 at 12:39 pm to wutangfinancial
Sure, some people went to cash then and are still sitting in cash. So if that’s the case what’s my return of still sitting in cash vs staying put?
This post was edited on 11/23/20 at 12:45 pm
Posted on 11/24/20 at 12:56 am to BarberitosDawg
Might get your chance tomorrow
Posted on 11/24/20 at 1:22 am to cgrand
quote:
I love this “I will subject myself to taxable capital gains to avoid paying capital gains taxes!!!!!” we are through the looking glass
They may have already been holding long term and want to avoid tax increases next year. I personally doubt there will be an increase on the capital gains tax if Georgia goes the way it is expected, though.
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