That’s going to cost you thousands in lost capital gains.
Sorry, Trump won. No market correction. Instead big move to the upside. Ticker symbols to buy: shop, x, swir, oled, and many others.
Almost all of the various funds groups have money market accounts. At today’s interest rates, those equate to places to park your money if you are concerned about a major market correction. That’s not what I am dong, but, as they say, YMMV.
I think this is a bubble. Bubbles look great and everyone thinks they’ll go forever - then they suddenly burst. But, who knows when? The catalyst is often an unpredictable event, often called a “black swan”. Do you also remember the 2000 “tech wreck”. Three “once in a lifetime” bubbles during this 16 year old century. Thank the Fed and their easy money policies. Consider a financial advisor. I am wary of the big wall street firms, banks and insurance companies. Some of them are good, but some are more interested in pushing high commision/high fee products than your portfolio performance. The old Wall Street joke is “the firm made money and the broker made money. The client? Well, two out of three aint bad. Some things to look for: 1. Professional designation, like CFP (certified financial planner). But, make sure your CFP has a background in active portfolio management, as opposed to just passive “allocations” - because every investor looks like a genius in a bull market. It’s the ensuing bear market that separates the wheat from the chaff. And, there has always been an ensuing bear market.
2. Look for an advisor that charges a flat fee instead of commissions (ex. 1%/year).
3. Look for an independent who owes loyalty to you, not to a Wall Street mega bank.
4. Look for an advisor that knows the stock, bond markets and economics, and realizes that markets are cyclical - and straight up is only half of the cycle.
Many good advisors have grown weary of big Wall Street firms and have become independent. There are called RIAs (registered investment advisor) If you can find a market savvy RIA/CFP that charges fees instead of commissions, you might want to have a talk. Good luck.
Self ping