I’m really thinking of taking my IRA to a cash position within a week or two...
In what currency?
Feel free to join me there, already doing what you propose. My feeling, and I guess that of Mr. Moneybag liberal, is with all the additional money coming out of the economy to fund health care taxes, fees and the like plus higher premiums, there will be little left for descretionary spending by the average person. Furthermore, when interest rates start to go higher, which has begun, due to competion for cash to fund the government incessant need to sell bonds plus reduced Fed purshasing, the cash is coming out of an earnings challeged stock market. These are the things they don’t tell you on CNBC as one tout after another comes forth to peddle their wares.
We’ve been doing the same, penalty be damned. Convert it into something useful while it is still worth something...like water purifiers or sodium iodide. :{)
I just moved to 30% cash. Will move the remainder on up days this coming week and possibly even sooner. Even my limited technical show a correction coming just after mid Jan.
We did that - with everything - several years ago....sure, we don't earn squat, but we don't lose (other than inflational erosion) either.....and we sleep a whole lot better as a bonus.