- Jun 11, 2014
- 16,754
- 20,381
Founding Member
I’m just not comfortable in this market. I may be 100% wrong, but I think the whole thing is balancing on a thin edge. It’s the right move for me, which does not mean it’s the right move for youI did the same thing quite a few years ago. We were all convinced that everything was going to crash with the new socialist President going into office, and that the economy, which had been doing well, was going to tank. I pulled everything out just before Clinton was inaugurated, and kept it out for about 3 years. I missed out on a good chunk of one of the biggest run ups ever.
I’ve been thinking about pulling a significant amount of cash out and sitting on the sidelines, as things look a lot like they are heading into the crapper. But the question is always there, “do I pull my dollars out now, and risk either missing out on a bull run, or having hyperinflation reduce the value of my cash pile to a pittance?” “Do I convert my cash pile to something that holds value better, like precious metals or gem stones?” “Or do I stay heavily invested in equities, along with some real estate, but pull enough to the sidelines that I have something more to recover with should everything else drop by 50, 60, 80% or more?”
To me, these are hard questions, and the closer I get to retirement, the more “correct” I need to be.