General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAll on Board in the Greatest Stock Market Rally Ever (Buyer beware)
All on Board in the Greatest Stock Market Rally Ever By Numerian May 7
The Agonist: http://agonist.org/all-on-board-in-the-greatest-stock-market-rally-ever/
Your choices are not good ones. You can keep your money in cash, making sure it is in a healthy bank and in an amount per bank that is within national deposit insurance limits. That doesnt guaranty that your savings will not be confiscated in a crisis, but it does improve your chances of holding on to your money. Or, you can invest in the stock market, gambling that this central bank-infused rally will continue forever, and that your money is not at risk of sudden evaporation from a Flash Crash. Sadly, both of these stock market assumptions are wrong, and in this case, two wrongs certainly do not make a right. But as I said before, now is the time to think about these alternatives, before the computers withdraw all liquidity from the market in a moment, in the twinkling of an eye.
Last edited Tue May 7, 2013, 07:05 PM - Edit history (2)
I'm selling and taking profits. I'll be 70% in cash by June. Then I'll sit on the sideline until the "correction".
Dawgs
(14,755 posts)Junkdrawer
(27,993 posts)Works for me.
DCKit
(18,541 posts)Wellstone ruled
(34,661 posts)We have all our sell order's marked,just have to hit the button. Sounding more like a 2015 smack a roo. Making sure all our accounts are not in any Big Banks. Even opened separate accounts in the N.D.Bank. Even dumping our Real Estate,the bubble is building and this time we are out,and,will jump back in in 2016. Good Luck guys.
I've ridden it up and down many times before. I'll keep doing what I've been doing for decades now...keeping an age appropriate allocation between US stocks, International stocks, Bonds, and cash and I'll keep pouring money as I earn it. It's kind of boring, but I haven't ever been convinced that I can tell when I should be putting money in or taking money out, so I just stick with my asset allocation. I invested it low cost index funds and use 401Ks and IRAs to minimize the tax impact. It has worked well for me so far.
lindysalsagal
(20,678 posts)I'd rather sleep at night than make a few more dollars.
magical thyme
(14,881 posts)Tomorrow I will fill my oil tank. Someone was saying it will drop another 20 cents in the next few weeks, but it dawned on me that could be a setup. So I won't get greedy. It's already 35 cents lower than the last time I bought it.
Next week it will be property taxes. Then pump the septic. Bring down the maple in the back before it lands on my house. Fix the leaky toilets. Bring down the maple in the front. Plant a hedge across the front. Security cameras. Fix my broken tooth. Bring in hay for the pony. Fill the freezers and pantry before winter. And so on.
But if I can sell my house before the next crash, that will help. I have my eye on a cottage 2 hours to my north with 10 acres of mixed fields and woods, a spring-fed stream, in a transition county...
mnhtnbb
(31,384 posts)Have already started selling this week--but not jumping out all at once.
Won't pull everything out, but reducing age allocation from 40% stocks
to 22% stocks.
Problem is...where to stash the cash?