To: notdownwidems
So you think the DOW is going to 9K? I have never understood people who sell everything and go to cash. Number one, if you're very "spread out" aka, diversified.... it may cost you a few thousand to liquidate everything. So you liquidate it to hold cash that everyone says may be worthless when the dollar completely collapses?
I've got friends who cashed out when the DOW reached 13k again. They're still hanging on to cash waiting to get back in. They're down 30% so far.
9 posted on
05/12/2015 6:00:15 AM PDT by
kjam22
(my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
To: kjam22; All
1.) It cost me nothing to liquidate
2.) If cash turns out to be worthless what are stocks going to be worth?
3.) I agree that timing the market is a fool’s errand, but as I said we are now in a ‘new normal’ where the old rules no longer apply; this is a one-off situation.
4.) If the DOW only falls to 9k I will be surprised.
10 posted on
05/12/2015 6:03:18 AM PDT by
notdownwidems
(Washington DC has become the enemy of free people everywhere)
To: kjam22
I have never understood people who sell everything and go to cash.
Capital preservation. I had just retired in 2007 when the "warning flags" went up in 2008.
I dumped all investments and went to fixed rate accounts. Market crashed - I lost $0 (zero!).
22 posted on
05/12/2015 6:21:15 AM PDT by
oh8eleven
(RVN '67-'68)
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