I agree the QFS is supposedly running alongside the swift system at the moment. Once this pantomime we are all being forced to live through comes to an end and Trump is back in office then they will flip the switch. I just liquidated our only stock account last week. We are in hard assets and cash until this mess is over.
>>We are in hard assets and cash until this mess is over.<<
Smart man. Take a look at the market history for March 2020. Luckily I was in cash at the time and was able to move into Large Cap/Small Cap stocks at that time.
The markets melted down in March of 2020. Went from ~32K+- to ~18K+-. Great buying opportunity and it bounced back rather quickly.
The point I’m really eluding to...the markets tank quickly. It is all computer trades now. The days of guys standing on wall street floor screaming buy buy..sell sell, throwing ticker tape and all is long gone. It all controlled by huge institutional investors that purchase or sell large chunks of stocks at once.
You and I don’t stand a chance. One will see a 900 point drop in a day thinking...eh, the markets, it’ll come back. The next day you’ll see a small bounce of a 120 points to close. Thinking...cool, it’s coming back. The next few days turns out to be a blood bath. 10-20-30% losses.
The days of dollar cost averaging is over. Stay in cash and wait for the coming correction...we are way way over due.