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BarberitosDawg
USA Fan
Lee County Florida across causeway
Member since Oct 2013
8358 posts

Anybody cashing out when Dow hits 30K?
I have a few friends who will be after 30+ years of investing.

I'm having my portfolio audited next week and it might be time to move into tangibles and more secure money markets.
This post was edited on 11/22 at 1:37 pm


MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
4622 posts
 Online 

re: Anybody cashing out when Dow hits 30K?
At worst I switch positions to different markets

Basically I’m tech heavy right now. May start more positions in travel heavy stocks soon.
This post was edited on 11/22 at 1:52 pm


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81
PillPusher
New Orleans Pelicans Fan
Gulf Coast
Member since Oct 2009
3813 posts

re: Anybody cashing out when Dow hits 30K?
I’ll cash out when it’s 55,000


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210
LSURussian
LSU Fan
9 acres of paradise in Baton Rouge
Member since Feb 2005
122997 posts

re: Anybody cashing out when Dow hits 30K?
quote:

Anybody cashing out when Dow hits 30K?
What about if it hits 29,999.99?


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240
deaconjones35
LSU Fan
Thibodaux
Member since Sep 2009
9140 posts

re: Anybody cashing out when Dow hits 30K?
Should we have cashed out when it hit 20k? 25k?


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191
BarberitosDawg
USA Fan
Lee County Florida across causeway
Member since Oct 2013
8358 posts

re: Anybody cashing out when Dow hits 30K?
I don't know honestly just this came up in a breakfast conversation with a small group recently like, Thursday?

I am not sure why the down votes are happening?

I have asked the question because these guys have 7 figure portfolios.

Is it unreasonable?


LSU
LSU Fan
Houston
Member since Oct 2003
8038 posts

re: Anybody cashing out when Dow hits 30K?
quote:

Anybody cashing out when Dow hits 30K?


Why would a person do this? Maybe if a retired person presently needed the cash due a desperate situation.


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40
Azazello
Tennessee Fan
Dallas, TX
Member since Sep 2011
2992 posts

re: Anybody cashing out when Dow hits 30K?
What is the significance of 30K? Why that number?


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210
wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
5010 posts

re: Anybody cashing out when Dow hits 30K?
It's not. There are a lot of people looking at EM equities and moving money away from bonds. Money market inflows were huge in Q2. But just remember that means a lot of cash on the sidelines so it could go right back into US equities depending on how 2021 looks.


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40
EarlyCuyler3
Alabama Fan
Appalachia
Member since Nov 2017
9292 posts

re: Anybody cashing out when Dow hits 30K?
quote:

I have asked the question because these guys have 7 figure portfolios.



So what? Mine has 7 figures too when you add the cents in.


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PEEPO
Member since Sep 2020
928 posts

re: Anybody cashing out when Dow hits 30K?
In general trying to time major market moves is a fool's errand.

The only people who should "cash out" are older people and I believe you're supposed to gradually move your funds into lower risk vehicles as you get older.
This post was edited on 11/22 at 8:53 pm


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71
BarberitosDawg
USA Fan
Lee County Florida across causeway
Member since Oct 2013
8358 posts

re: Anybody cashing out when Dow hits 30K?
I don't quite understand the animosity here?

I am only asking if an algorithm exists for cashing out at certain peaks?

Is this a taboo question?


Huge Richard
Georgia Fan
Member since Dec 2018
3129 posts

re: Anybody cashing out when Dow hits 30K?
You know what you did


DawgCountry
Kennesaw St. Fan
Great State of GA
Member since Sep 2012
26924 posts

re: Anybody cashing out when Dow hits 30K?
quote:

I am only asking if an algorithm exists for cashing out at certain peaks?


Peaks Like arbitrary numbers like 30K?

If someone had a magicial sell high algo they wouldn’t be making it public


FinleyStreet
Georgia Fan
Member since Aug 2011
6591 posts

re: Anybody cashing out when Dow hits 30K?
quote:

I don't quite understand the animosity here?


Probably because this topic is posted in some form twice per week, and the discussion is always the same. And that discussion is...

You can't time the market. Period.

The 30k number is just as arbitrary as any other number. If your friends have seven figure portfolios and are close to retirement then maybe that move makes sense. For those of us who are farther out it makes very little sense.


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150
RoyalWe
LSU Fan
Prairieville, LA
Member since Mar 2018
1354 posts

re: Anybody cashing out when Dow hits 30K?
quote:

If someone had a magicial sell high algo they wouldn’t be making it public
It's called Value Cost Averaging. Using it as part of an overall strategy has been profitable for me.


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02
BarberitosDawg
USA Fan
Lee County Florida across causeway
Member since Oct 2013
8358 posts

re: Anybody cashing out when Dow hits 30K?
quote:

You know what you did


Assuredly I did. I don't agree with my friends declarations, but ponderable findings should be considered?

Questions should be asked? Is this not the forum for such?

30k has never been reached and must be a milestone event yay?

New money?


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26
Dawgfanman
LSU Fan
Member since Jun 2015
11573 posts

re: Anybody cashing out when Dow hits 30K?
quote:

I have a few friends who will be after 30+ years of investing.


Why?


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11
cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
24256 posts
 Online 

re: Anybody cashing out when Dow hits 30K?
I’m cashing out when it hits 31762
YMMV


SoloTiger
Member since Aug 2016
5072 posts
 Online 

re: Anybody cashing out when Dow hits 30K?
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.


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