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Strategies & Market Trends : Young and Older Folk Portfolio

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To: carbolady who wrote (2409)5/8/2024 5:58:59 PM
From: vicki kiyay7 Recommendations

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Whenever I hear someone contemplating going to cash, it reminds me of an SA article from 2014 -- "The Day I Sold Everything".
seekingalpha.com

The author was having serious FUD. He did subsequently get back in, but just think of all he would have missed out on if he had stayed in cash.

Your husband doesn't have your experience with investing; he's scared about what might be coming. That's a tough situation. I'm just spitballing here, but if I were in that situation I think I'd want to address the fear, present the evidence, and find places for compromise. You both own the assets; you both need to feel comfortable with your allocations.

Maybe there's a compromise possible in there about divesting from or reducing the holding of certain companies and agreeing which companies you'll definitely continue to hold. There will be impacts of going to cash; it's worth talking about that too. There are many companies that weathered the Great Recession just fine, and maybe if you subscribe to FAST Graphs you can show him the business performance of those companies at that time. And perhaps talk about market timing too, there are a lot of articles out there about the dangers of trying to time the market.

I like how you have enough in cash and cash equivalents to weather a 5-year storm. That's worth talking about too.
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