Originally Posted By: Warstud
Originally Posted By: Oldmoparguy1
Originally Posted By: Warstud
Correction Time...
Picked up some LABD (Short Biotech)...SCO (Short Oil)pretty soon.
Warstud, do you have anything new to add?
I keep hearing about a correction sometime this fall. Dunno. I'm sitting on ~40% cash at the moment. Don't want to get caught like I did in 08.
Correction starts today.
Looking at the S&P, that was less than a 2.5% drop, right? 3 weeks later, we're within .04% of the price. What "correction"?
Its time IN the market, not TIMING the market.
You didn't learn from your past mistake (sitting on cash in '08) and now you're doing it again.
If you are too conservative to bear the thought of a 40% market crash, then your portfolio is too aggressive. Find a mix of stocks and bonds that allows you to sleep at night, and go all in (5% cash is okay for some people, if that helps). Your money is loosing to inflation when it just sits there.
Nobody knows nuthin.
Low cost index funds. Get rich slowly.