You can ‘predict’ any market downturn you like and it will eventually come true. Just keep predicting. In the meantime, buy and hold.
I sold and will not get back in until 1 year after the November election.
I know of only one guy who sold at the top of the tech boom.
One of my friends panicked as the boom got legs and sold out because he feared was near the top. He took his licks and bought back in after realizing the bull was nowhere near done. Me? I wanted a little higher risk in a mutual fund and rode the Janus 20 to the moon, getting out as markets were faltering and Janus crashing. The only selling I’ve done since is the required annual withdrawal. Yes, I took a hit when Obama won, but until just recently, that had all been recovered and then some. It think it was at DOW 18000.
Buy, diversify, and hold.
Him and everybody else.
But, buy what?
And keep buying when the market is down. It will eventually come back and those cheap stocks will rise. Dollar cost averaging. If you panicked and got out in '87 or '08 you got left behind.
That is what I always do; buy and hold.
You can ‘predict’ any market downturn you like and it will eventually come true. Just keep predicting. In the meantime, buy and hold.
I’ve been hearing how the Stock Market is going to crash every year since the end of the last recession.
Not that we are on a good path, both fiscally and economically, though