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Strategies & Market Trends : Young and Older Folk Portfolio

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To: carbolady who wrote (2409)5/8/2024 7:44:24 PM
From: cemanuel6 Recommendations

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I have been handling our investments for the last 12 years and my husband has only recently, last few months, taken an interest. He feels that we should go to cash. I have spent the last 8 years building the income and do not want to go to completely cash.

Something I have considered doing - but have not done - is rather than reinvesting dividends let it sit as cash when the market is hot and wait for a pull back. I can also see trimming a little from some you feel are overvalued.

But going to all cash IMO is not a good move. Sure, some day the market will drop 20-30%, or more. But it could be another 50% higher before that happens. And even if the market takes a hit, who's to say what you hold will do?

Generally I just stay fully invested beyond my EF and enough to live on for a little while. I'm just not smart enough to figure out when the market is near its top and if it drops I doubt I'll call the bottom.
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