If I left you with that impression, I’ve done something very, very wrong.
I am even now, as I type this, hedging the last stock positions I have in the market.
I was look at the bond market....that’s what I meant. I have Intel stock and it is so low right now I may as well hang on to it. Intel, basically, is a good company and I can’t see them going out of business. I’m betting they will come out of this one way or another. May be a bad bet but you gotta do something. I have the certificates as well. Don’t trust brokers any more. If I end up using them to light the woodstove, so be it.
I've been reading your posts with great interest, and I wanted to say "thank you" for the education.
Now, you've said what you're doing, and why, but as you said, you are retired. I am 45. I suspect your primary objective is to preserve capital. My objective is growth, the more the better.
When the market tanked in early October, I started the process of picking funds, opening up a Roth IRA account, and then investing $5K from cash in late October.
I knew I couldn't time the very bottom, which we unfortunately haven't reached yet, but the DOW had dropped 40+%, which I figured was one hell of a discount.
The question is, when there is a recovery, will it be slow enough to get back in as it starts climbing out of the hole? Or do I continue to fund that IRA to lock in the current discount?
Thanks for your time.