If we get to DOW 26000 again, I’m going to cash.
I’m too close to retirement and this market is exhausting.
If you’re not yet retired, you should have twenty or thirty years ahead of you in retirement. Within that time frame, the market will be way higher than what it is now. If you stress out from gyrations, remain invested but with a heavy portion of bonds. If you cash out, you can be sure a time will come when you want back in, and may pay a heavy price in profits lost.
Hang in there.. but I hear ya on the exhausting part..
It’s hard to not squirm when big chunks of investments go up and down as drastically as they do these days.
Keep in mind the market is much larger today with many more options than ever before for a whole range of those who seek to invest and hopefully grow healthy nest eggs.
I don’t even flinch these days when it burps 500 either way tho I prefer positive swings, obviously.
Worse case, buy Krugerands, not BitCoin.. and gunpowder to protect same. :-) That may be your best investment should things really go in the dumpster.
“If we get to DOW 26000 again, I’m going to cash.
I’m too close to retirement and this market is exhausting.”
You’ll likely need some portfolio growth after retirement. The optimal post-retirement equity allocation is probably not 0%.