Anyone getting out of market?

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$100,000 play stock money

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must be nice

About 60% of that is gains on paper I made buying in 3/2020 during the crash. That’s one reason I’m thinking about selling. A paper gain is only on paper until actualized.

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I’m thinking about selling most of my $100,000 play stock money to buy back in cheaper later (not touching my retirement investments).

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Hard to say, without knowing what your goal for that part of the portfolio is. If you're light on cash, nothing wrong setting some aside for potential future opportunities

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getting out of market?

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Nah. I’m not retiring for another 20+ years and far too dumb and risk averse to attempt to time it.


I hope I continue to buy at all time highs the rest of my life.

We could very easily go up another 20% before having a 10-20% correction and be right back here.

I don’t see how you exit the interstate at this point though unless it’s to replenish emergency positions. “Safe” assets are in just as much danger if inflation/rates start going up, especially treasuries.

Thanks. I appreciate your thoughts on this. Your right that a 20% correction doesn’t mean much if you rode it another 10-15% higher before it happens. I’m thinking about the possibility of a 20-30% drop happening the next 2 months (though I’d buy the hell out of that).

I’ve put a lot of this money into energy, CEFs, and communications stocks that pay nice dividends as well so it’s almost like a savings account with a great rate. I’m just thinking about selling things like HAL I bought at $5 and it’s $20 now and the dividend has disappointed. I have a sell order in it at $25 now. Some of these stocks are flyers on things discussed on the board or things I find interesting like hallucinogen treatment companies CMPS or MNMD. It’s more fun following a topic when you have money on it.

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The only doubt I have now is that it’s obvious the Fed won’t taper

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And this is based on what?
You point out the fed not tapering based on some obvious indicator I must have missed and "slow joe" ruining the economy (presumably via out of control spending leading to inflation?) Yet you want to move to cash?

Then in later post, you call this "fun money", "potential emergency money".
It sounds like you need to increase your cash position to deal with your own anxieties. It doesn't have to be all or nothing in any direction, just re allocate. Also you need to realize when you turn that "paper gain" into gains, they are also becoming taxable gains. Long term vs short term gains makes a huge difference depending on your overall income, so it might not be the smartest thing to just take out the money to get off "paper" and then push it back in with no plan.

Sounds like "diamond hands" alright.

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The amount of down votes is funny. The jealousy is real apparently. I thought this was a money board for talking about money.

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The downvotes are probably because every week or so since the creation of this board someone posts that they are moving to cash because the market has topped, or they see a coming correction, and not a single time has anyone been right.

I read the board pretty regularly and haven’t seen this topic in the last few months but I don’t read every post. Like I said earlier, prices seem different the last 2 weeks so I just wanted to see what people were thinking.